US Secret Service Has Seized Cryptocurrency Worth Over $102 Million in 254 Fraud Cases

US Secret Service Has Seized Cryptocurrency Worth Over $102 Million in 254 Fraud CasesThe U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities,” said the assistant director of the Secret Service’s Office of Investigations. “What we want to do is to track that as […]

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Seized Silk Road Bitcoin Worth $3 Billion Likely Linked to Disgraced US Secret Service Agent

$3 Billion Worth in Bitcoin Seizure in Silk Road Case Likely Linked to Disgraced US Secret Service AgentOver $3 billion worth in bitcoin seized by the U.S. Department of Justice (DOJ), belonging to Silk Road, are likely linked to a former U.S. Secret Service agent. The latest findings suggest that “Individual X” is, in fact, Shaun Bridges. Bridges Is Set to Be Freed in November Per recent court filings, cited by Fortune, […]

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Trump Views Crypto a Threat, Proposes Countermeasures in New Budget

Trump Views Crypto a Threat, Proposes Countermeasures in New BudgetThe White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts to combat threats including from cryptocurrency. Also read: Bitcoin, Tesla […]

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FBI Currently Investigating 130 Crypto-Related Cases

FBI Currently Investigating 130 Crypto-Related CasesThe Federal Bureau of Investigation has reportedly revealed that it is working on 130 cryptocurrency-related investigations, citing an increase in illegal activity facilitated by crypto payments. These cases “encompass crimes such as human trafficking, illicit drug sales, kidnapping and ransomware attacks.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space FBI’s 130 Crypto-Related Cases The […]

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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 […]

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