Good luck taking legal action against an off shore entity, especially when the legal fees is more than the money transferred, and the money most likely moved to three different accounts in as many countries from that first off shore account.
Good luck taking legal action against an off shore entity, especially when the legal fees is more than the money transferred, and the money most likely moved to three different accounts in as many countries from that first off shore account.
You’re right that you don’t have guaranteed recourse for foreign fraud. But at least the banks play whack-a-mole and make it somewhat expensive for criminals to set up accounts; crypto undoubtedly makes money laundering substantially easier and cheaper.