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Joe Consorti: Bitcoin theft of $100 million faces tracking by authorities

Joe Consorti: Bitcoin theft of $100 million faces tracking by authorities
Bitcoin theft closely tracked by authorities

Joe Consorti highlights that the individual who stole $100 million in BTC may struggle to spend much of it.

He notes that every stolen coin is visible and tracked by entities such as Galaxy, the FBI, and many others. According to Consorti, although Bitcoin is sometimes labeled a criminal's currency, its transparent ledger may actually make it highly unsuitable for illicit use.

Earlier this year, Consorti recommended River as a secure option for users affected by the Coldcard exploit. He has also highlighted how Bitcoin's structure removes the need for a central issuer, a topic still under discussion in Congress. These perspectives inform his latest comments on the transparency and traceability of Bitcoin transactions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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