How Do Cartels and Hackers Launder Billions Using Crypto? | Ft. Geoff White, BBC Podcast Host. (Ep 33 - Clip 3)
Description
In this video, Geoff White, host of BBC Podcast 'Lazarus Heist', delves into the hidden world of cartels, hackers, and crypto laundering, revealing how technology is being used to move billions of dollars through secretive financial networks. He uncovers the shocking alliances between cybercriminals, money launderers, and organized crime syndicates, exposing how the tech industry has inadvertently become a tool for the world’s deadliest crooks.From North Korean hackers breaching banks and crypto firms to sophisticated laundering networks built to bypass regulations, this conversation unpacks how these shadow economies operate. Hackers may know how to break into financial systems, but when it comes to moving the stolen money, they rely on powerful laundering specialists who set up shell companies, recruit money mules, and exploit digital loopholes to clean illicit funds without detection.The rise of digital finance, instant payments, and cryptocurrency has made the problem even more alarming, giving global criminals faster and smarter ways to hide their tracks. Whether it’s drug cartels, fraud syndicates, or state-backed hacking groups, these networks leverage advanced technology to launder billions and outpace international regulators. Geoff unpacks the motives, methods, and global impact of these digital laundering systems, showing how technology has transformed the way crime moves money around the world.
United States
