Bitcoin’s role in strong-arming & blackmailing businesses

Cryptocurrencies, if not funneled through an exchange with KYC and AML, are pseudo-anonymous. Still, converting to fiat is tricky, as actions on their public ledgers can easily be tracked. In fact, there are numerous addresses that are “blacklisted” and even some that have found themselves on official US blacklists (alongside with the individuals that control them). Safe to say, there is not a lot of incentive to blackmail individuals and businesses and coerce them into paying with B