Tech

Want to Launder Bitcoins? How Crooks Are Hacking iTunes and Getting Paid by Apple

REDEMPTION SONG

Scammers are exploiting iTunes by uploading their own DIY music, buying it up with some gift-card trickery—and then getting fiat currency from those dubious sales.

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Photo Illustration by Elizabeth Brockway/The Daily Beast

Even though drug dealers and cybercriminals rake in mountains of the digital currency Bitcoin, crooks still face a key problem: how to convert that bitcoin, which at the time of writing is valued at

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