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Ex-SEC Internet Enforcement Chief Says Crypto Investors are ‘Enabling’ Ransomware Attacks
Summary: Investors in bitcoin and other digital currencies are empowering online hackers, the founder of the Securities and Exchange Commission’s internet enforcement office warned Thursday.“Ransomware is hitting everywhere and they’re all collecting it in bitcoin because there’s no way they’re going to get caught. So you’re also enabling it,” John Reed Stark told CNBC. Stark said ...
Investors in bitcoin and other digital currencies are empowering online hackers, the founder of the Securities and Exchange Commission’s internet enforcement office warned Thursday.“Ransomware is hitting everywhere and they’re all collecting it in bitcoin because there’s no way they’re going to get caught. So you’re also enabling it,” John Reed Stark told CNBC.
Stark said cryptocurrencies have almost no practical use, likening trading in them to the speculation that recently carried AMC Entertainment and other meme stocks to incredible heights. Cryptocurrencies also lack registration and other requirements that bring more transparency to U.S. capital markets, he added.
By Amy Liu
Tags: Crypto,John Reed Stark,Ransomware Attacks
Link: Ex-SEC Internet Enforcement Chief Says Crypto Investors are ‘Enabling’ Ransomware Attacks [Copy]
