Bitcoin, which has for years been the currency of choice on the so-called dark web, is falling out of favor among criminals. This is not surprising given bitcoin’s sluggish processing times, and law enforcement’s growing ability to track its transactions.
More surprising is what these criminals are turning to instead. Rather than using one of the newer digital currencies with extra privacy features, such as ZCash or Monero, the most popular alternative is the bitcoin clone, Litecoin.
Those are among the findings laid out in a new report by Recorded Future, a threat intelligence company that monitors criminal forums on the dark web where many illegal transactions are arranged. Here is a key paragraph from the report:
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