Feds Seize $34 Million in Crypto From Unidentified Florida Man

Feds Seize $34 Million in Crypto From Unidentified Florida ManOn April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that law enforcement seized $34 million in crypto assets from an unidentified man living in Florida. According to the DOJ, the man allegedly conducted more than 100,000 sales on darknet markets, selling online account information tied to […]

Go to Source

Powered by WPeMatico

Legalized Theft: Police Seize $87,000 From Former Marine but Don’t Charge Him With a Crime

Legalized Theft: Police Seize $87,000 From Former Marine but Didn't Charge Him With a CrimeA recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara’s vehicle and subsequently took $87,000 in cash from a bag kept in Lara’s trunk. Lara, who also had a stack […]

Go to Source

Powered by WPeMatico

The White House Just Blamed Bitcoin for America’s Opiate Crisis

The White House Just Blamed Bitcoin for America's Opiate CrisisThe opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and illicit activities, […]

The post The White House Just Blamed Bitcoin for America’s Opiate Crisis appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Le Roux Biographer: Cartel Boss Is the Most Credible Satoshi Yet

Le Roux Biographer: Cartel Boss Is the Most Credible Satoshi YetPaul Le Roux is a criminal kingpin turned criminal informant whose misdeeds have filled a book. The author of that tome is investigative journalist Evan Ratliff, whose rip-roaring tale has recently received a postscript: Le Roux may also be Bitcoin creator Satoshi Nakamoto. This week on the Humans of Bitcoin podcast, Ratliff expounded on that […]

The post Le Roux Biographer: Cartel Boss Is the Most Credible Satoshi Yet appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Civil Forfeiture Is State-Sanctioned Theft

Civil Forfeiture Is State-Sanctioned TheftEver since 1929, the FBI has shared annual crime statistics via the Uniform Crime Reporting Program. Each year, it breaks down criminal activity into such categories as homicide, weapons, human trafficking, and hate crime. One category that is noticeably absent from the report is civil asset forfeiture. In the eyes of the law, this is […]

The post Civil Forfeiture Is State-Sanctioned Theft appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Regulations Roundup: U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets Seized

Regulations Round-Up: U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets SeizedIn recent regulatory news, a report published by Diar has found that U.S. government agencies have paid approximately $5.7 million USD to blockchain analysis contractors, India’s Enforcement Directorate has seized $5.9 Million worth of assets linked to the case of Amit Bhardwaj, and the Bank of International Settlements finds cryptocurrencies to “not, at this point, […]

The post Regulations Roundup: U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets Seized appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent

Illegal Activity No Longer Dominant Use of Bitcoin: DEA AgentA special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously. This finding contradicts the popular perception of the cryptocurrency’s primary use. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Data From DEA […]

The post Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

US Authorities Seize Over $20M in Crypto in Massive Darknet Crackdown

US Authorities Seize Over $20M in Crypto in Massive Darknet CrackdownUS authorities have revealed that their agents had been operating undercover on the Darknet for the past year. The massive operation uncovered the true identity of over fifty vendors on sites such as Silk Road, Alpha Bay, Hansa, Dream, and more. Over 35 people have already been arrested and goods worth over $23.6 million have been […]

The post US Authorities Seize Over $20M in Crypto in Massive Darknet Crackdown appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

US Bitcoin Trader Convicted for Illegal Money Transmission and Laundering

Bitcoin Trader Convicted for Illegal Money Transmission and LaunderingThe U.S. government has been cracking down on individuals utilizing the peer-to-peer platform Localbitcoins. This week an Arizona resident named Thomas Costanzo was convicted for money laundering tied to over $164,000 worth of cryptocurrency trades. Also Read: Arizona Localbitcoins Trader Detained by U.S. Homeland Security Two Years Worth of BTC Trades Investigated The U.S. Attorneys Office […]

The post US Bitcoin Trader Convicted for Illegal Money Transmission and Laundering appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico