Gift cards being used to cash out crypto

[rogermunibond]

https://www.ft.com/content/5fdef37a-1f5c-4f22-976f-07d9066583db

 

Wild

[Gamecock-YT]

and I'm sure less KYC review as well

[Saluki]

7 hours ago, Gamecock-YT said:

and I'm sure less KYC review as well

 

I think this is the rationale.  If I recall Razzle Khan and her accomplice tried various ways to convert their stolen crypto to cash, but eventually you have to have an exchange and bank to send the cash to, and a person with an ID for the account.  Although if you read "Number Go Up" you realize that KYC is not taken as seriously in some countries.  If it's a gift card, it can used or sold for cash and the links to the original criminal are evanescent.