[balls187]

"hundreds of thousands to millions of dollars." is quite a large range when talking about money.

My comment was specific to the example given in the article, where to amount was about $195,000. While not a tiny sum of money, the amount of man hours spent to unravel those transactions, to ultimately get to recoverable sum, would be close to if not more than the original amount. And getting to the amount, may not guarantee that you can recover the funds anyway.

[AlexDanger]

Putting aside the cost/hours of recovering the money, is this the only reason its 'untraceable'?

I understand it becomes tedious to unravel the transactions, but is it still a tractable problem? Or do these people eventually shift the money into offshore banks that refuse to co-operate with authorities? It seems such a bank would be quickly cut off from the rest of the world if it existed.

[kordless]

Hacking the trust network of the world's banking system. The network is only as secure as what is connected to it.