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Bookmarking Crypto InsightsWed, 18 Apr 2018 18:00:53 +0000en-US
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3232Backpage CEO Pleads Guilty to Laundering Money Using Cryptocurrencies
https://www.digit.info/backpage-ceo-pleads-guilty-to-laundering-money-using-cryptocurrencies/
Wed, 18 Apr 2018 18:00:53 +0000https://www.digit.info/2018/04/18/backpage-ceo-pleads-guilty-to-laundering-money-using-cryptocurrencies/Read more]]>Not too long ago, the Backpage.com platform was seized by the US government. This particular development also had some repercussions for cryptocurrencies, as the site’s CEO was charged with laundering money using Bitcoin and other cryptocurrencies. It now seems he has pled guilty to these charges and intends to flip on other website officials. Backpage Money Laundering and Cryptocurrency The entire story involving Backpage.com and its officials has been quite interesting to keep an eye on. Not only did the platform legitimize prostitution and even child abuse, but it also seems a lot of money laundering has taken place over the years. Although the latter claims seemed
Not too long ago, the Backpage.com platform was seized by the US government. This particular development also had some repercussions for cryptocurrencies, as the site’s CEO was charged with laundering money using Bitcoin and other cryptocurrencies. It now seems he has pled guilty to these charges and intends to flip on other website officials. Backpage Money Laundering and Cryptocurrency The entire story involving Backpage.com and its officials has been quite interesting to keep an eye on. Not only did the platform legitimize prostitution and even child abuse, but it also seems a lot of money laundering has taken place over the years. Although the latter claims seemed