U.S. prosecutors seize $17 mln in BTC, seek $24 mln more from two men on charges of dark web dealings
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US Prosecutors Seize $17 Mln in BTC, Seek 4,000 BTC More for Dark Web Dealings
Category: dark web
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Young New Zealand Man Spared Jail for Dealing Drugs With Bitcoin
This week, Elias Valentin Smith, a 20-year-old man from New Zealand, successfully appealed his prison sentence for drug dealing with bitcoin as a teenager. This was despite the fact that the court system considered the use of bitcoin as a sign of criminal sophistication. Also Read: Bitcoin Is Not Used by Organized Crime Says Hong […]
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Reddit Removes Bitcoin Payment Option, Censors Darknet Forum
Despite all the Telegram groups, Discord channels and many other alternatives, Reddit remains a leading forum for the wider bitcoin community – especially for new users to learn about the concept for the first time. As such, the website holds power over the conversation and what happens on Reddit can have much wider repercussions. Also […]
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University Student Gang ”Breaking Bad” Jailed For Dealing $1M+ in Drugs for Bitcoin
The fall of the Silk Road marketplace continues to vertebrate around the world, this week leading to a number of university students going to jail for many years. The young men have been found guilty of selling party drugs and tranquilizers online for bitcoin. Also Read: Swiss Officials Fear ICOs Will Tarnish Reputation of ‘Crypto […]
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British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug Money
A UK man living in Amsterdam is facing up to five years in prison for allegedly helping people by exchanging fiat cash for bitcoin which was used to buy drugs. He supposedly started by growing cannabis himself but soon found the bitcoin business to be more profitable by itself. Also Read: US Navy Investigators […]
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US Navy Investigators Bust Bitcoin Drug Ring at Naval Academy
Despite recent claims that bitcoin is becoming less popular for illicit dealings on the dark web, investigations show that it is still the payment method of choice for many. The most recent example comes from the US Navy, where a few entrepreneurial cadets reportedly used bitcoin to buy drugs which they distributed to their classmates […]
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World Famous Brothel Buying Into Bitcoin?
Bitcoin may have mostly shaken its dark web persona, but it could still be a tool for buying sex as a world-famous brothel mulls the advantages as a payment option. #ADOPTION
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US Government to Sell Bitcoin Seized from Dark Web Dealer
The US government has been approved by a federal judge in Utah to sell 513 Bitcoin and 512 Bitcoin Cash seized from an investigation involving Aaron Michael Shamo, a dark web dealer. Also Read: Bitfury as Big Brother: Mining Company Tracks Bitcoiners 513 Bitcoin and 512 Bitcoin Cash The U.S government is expected to sell all […]
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