zlacker

> Typically, companies wouldn't really pay an actual ransom like unmarked bills stacked in a paper bag and thrown out from a bridge onto a passing barge.

Yes, that's why cryptocurrencies are a gift from heaven for these hacker groups.

Therefore, even if paying ransom money (somehow) must be legal, maybe it should be illegal to use crypto for it. You don't want to make it too easy to run this type of criminal business.

>>ameliu+(OP)
Criminals are plenty capable of accepting bank transfers, many of the same people running ransomware now were operating banking bots for years and years and stealing hundreds of millions from US businesses with wire transfers before crypto even existed.

You go on some Russian crime forum and find a plenty of people offering to process bank transfers like these for some percentage of the money. As these particular payments would be somewhat consensual, you wouldn’t even have to worry about the funds getting frozen on the way.