Hackers and cybercriminals use Bitcoin for ransomware attacks, demanding payments in untraceable digital currency. 

Illegal marketplaces on the dark web use Bitcoin for drug deals, weapons trade, and other illicit activities. 

Criminals exploit digital currency’s decentralized nature to launder money across world and hide illegal earnings. 

Fraudulent crypto projects promise high returns, trapping investors in scams like pump-and-dump schemes. 

Some individuals use Bitcoin to hide income and avoid paying taxes, leading to government crackdowns. 

Hacking incidents targeting crypto exchanges and wallets have resulted in the theft of billions of dollars.

Extremist groups have used Bitcoin to fund illegal activities, bypassing federal financial regulations. 

Governments struggle to regulate Bitcoin transactions due to its anonymity and borderless nature. 

Scammers and fraudsters launch fake initial coin offerings (ICOs), stealing millions from unsuspecting investors. 

Authorities are improving blockchain tracking tools and technologies and enforcing stricter crypto regulations.