> . My initial viewpoint was why would scammers bother to fish for bitcoin when bank transfers/gift cards are a lower barrier
Because bank transfers at least are inherently traceable. It just requires a sufficiently motivated government agency or prosecutor to go after them. On Gift cards, there's a lot publicity regarding scams and stores are increasingly flagging scams.
Crypto for now at least is far safer from a scmer POV as it requires far higher level of investment and expertise to trace and unmask, so only the ultra big fish seem to get chased
Because bank transfers at least are inherently traceable. It just requires a sufficiently motivated government agency or prosecutor to go after them. On Gift cards, there's a lot publicity regarding scams and stores are increasingly flagging scams.
Crypto for now at least is far safer from a scmer POV as it requires far higher level of investment and expertise to trace and unmask, so only the ultra big fish seem to get chased