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Daniel P. Stipano quoted in ACAMS article “Cryptocurrency had key role in 2016 election interference by Russia: Prosecutors”


Daniel P. Stipano

Daniel P. Stipano was quoted on July 13, 2018 in an ACAMS article “Cryptocurrency had key role in 2016 election interference by Russia: Prosecutors,” which discussed the 12 Russian intelligence officers who used bitcoins to purchase IT infrastructure to influence the 2016 presidential election. The article stated, “The conspirators allegedly turned to peer-to-peer exchanges to acquire most of the bitcoins that financed their operations and equipment, and tried to further obscure their financial trail by converting those bitcoins into prepaid cards and other digital coins. After compromising Democratic servers, the accused allegedly pilfered and leaked thousands of records and other private communications through “,” “Guccifer 2.0” and other fictional online personas. Prosecutors claimed that hundreds of email addresses tied to the operation were used only once, then abandoned. Analysts questioned whether investigators and compliance officers can consistently depend on the blockchain to target individuals behind suspicious transactions.”

Stipano added, “The fact you have a public ledger is helpful in terms of being able to track bitcoins, but if you are unable to pierce through the identity of the people behind the transactions that’s of limited value”

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