Embezzled PayPal Funds Laundered into Bitcoins via Online Game

Law enforcement in the UK confiscated almost 10 bitcoins from a PayPal scammer who laundered his embezzled loot through the Second Life online game. Far too often, the media and traditional financial institutions love to paint Bitcoin and other cryptocurrencies as being commonly used by criminals. This FUD is utter nonsense, of course, as far more US dollars are used for illicit activities than cryptocurrency. Still, virtual currencies are used by some criminals as it Read More The post Embezzled PayPal Funds Laundered into Bitcoins via Online Game appeared first on Bitcoinist.com.



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