How do hackers collect ransoms through cryptocurrency and avoid detection by authorities?
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Hackers typically collect ransoms through cryptocurrency by using anonymous or hard-to-trace cryptocurrencies such as Monero or by utilizing privacy-enhancing tools like mixers or tumblers to obfuscate the transaction trail. They may also utilize decentralized exchanges to convert the ransom payments into other cryptocurrencies, making it more challenging for authorities to track the funds. Additionally, hackers may use techniques like setting up multiple wallets, utilizing peer-to-peer exchanges, or leveraging techniques such as chain hopping to further obfuscate the origin and destination of the funds.