The Wall Street Journal editorialising on “The existence of bitcoin and the rest benefits nobody except criminals and speculators.”.
WSJ point to the latest (AFAIK) example of a ransomware attack, Colonial Pipeline. And:
- nearly 2,500 cases of ransomware reported to the Federal Bureau of Investigation last year
- ransomware victims paid hackers $350 million in cryptocurrency last year
Says the article:
- The solutions floated after the Colonial hack—improved cybersecurity in the private sector and public-private collaboration to protect critical infrastructure—are pro forma and inadequate. There is a simpler and more effective way to stop the ransomware pandemic: Ban cryptocurrency.
- Ransomware can’t succeed without cryptocurrency.
Shady looking character: