A crypto investor is charged with kidnapping and torturing a man in an NYC apartment for weeks

Large bank transfers are generally traceable and require identifying documentation for the receiving bank account. Sure, that can be falsified, but it’s often a lot of work; and transfers of this size will often have a hold and/or, fraud prevention intelligence involved to prevent malicious activity.

Sure, it’s not impossible that a bank transfer could have prevented this. But crypto exacerbates human greed by removing the safeguards, restrictions, and identification/legality placed around currency. Once the money is transferred it’s gone to a set of numbers. Yes, humans are at fault. Humans have been greedy since the first human was born. Technology that allows greedy humans to more easily take advantage of others should be looked at with a critical lens.

It’s the reason people don’t hack banks, they hack crypto exchanges, and most of the time scammers get people to send them crypto using the vast networks of ATMs all over the world rather than charging their credit card or using a bank transfer.