It is rumored that the US government cleaned out cryptocurrency accounts related to the Colonial Pipeline attack. Way to go, feds!
It is nearly impossible to beat the IRS long-term, but very easy to vote Republican for lower taxes.
Is that how they paid the ransom? Interesting.
If true, that means cryptocurrency, none of them, are safe. Time to get out.
Just for some clarification, that’s not how cryptocurrency works. It’s simply not possible to ‘clean it out’ which is why governments don’t like it. However, one cryptocurrency in particular, Monero (I think is how it’s spelled), is a favorite of international cyber criminals including the Colonial Pipeline attackers.
There was some significant sell-off on that specific crypto anticipating that the collective regulatory hammer of national governments would really negatively pressure that currency. There is some thought that in addition to the environmental pressures that are really coming to bear on cryptos like Bitcoin and Doge have been exacerbated by the Monero panic leading to this crash.
The US gov't takes orders from whoever was behind the "attack".