Crypto is often seen as a subterfuge financing method for groups and nations cut from the U.S. controlled global financial system. North Korean hackers, for instance, have gained millions of dollars in crypto from hacking various protocols and projects. Because of the privacy-preserving nature of many cryptocurrencies, these flows of funds are hard to track, raising anxiety among government agencies.“

Source: Wall Street Journal October 11, 2023 22:01 UTC