A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government has entered the cyber world, and she insists they […]
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During the last month since the fall of Empire Market, darknet market (DNM) patrons have been migrating to alternative markets. Meanwhile, global law enforcement recently arrested 179 individuals tied to DNMs and seized over $6.5 million in cryptocurrency and cash proceeds. It hasn’t been a good month for DNM users after the fall of Empire […]
The post While Darknet Users Search for New Markets, Global Law Enforcement Reveals Mass Arrests appeared first on Bitcoin News.
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It has not been an easy year for the top darknet marketplaces. Not entirely surprising when considering how law enforcement agencies are actively cracking down on these illicit services. Wall Street Market, a platform recently thought to have exit scammed, has been taken over by German and Dutch law enforcement agencies. Three Germans have been arrested to date. Curtain Call for Wall Street Market Although it is not impossible for darknet marketplaces to fly under the radar for several years on end, it is becoming increasingly difficult to do so in a successful manner. Since most of the top markets
The post Major Darknet Player Wall Street Market Gets Taken Down appeared first on The Merkle Hash.
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During the first week of April, news.Bitcoin.com reported on a large swarm of darknet market (DNM) users flocking from Dream to the Wall Street marketplace. However, the migration hasn’t been as successful as it may have first seemed, with some vendors alleging that Wall Street has pulled an exit scam and ran off with $30 […]
The post Darknet Users Allege Wall Street Market Exit Scammed, Possibly Snatching $30M appeared first on Bitcoin News.
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Since the dawn of the Silk Road and the myriad of darknet markets (DNM) that followed, it’s been a cat and mouse game between law enforcement and DNM vendors and users. Also read: Proof-of-Stake is a Rebranded Version of the Old Financial System Operation Bayonet For a while, after the Silk Road was taken down it […]
The post The Darknet Cat and Mouse Game: Law Enforcement Gains More Traction appeared first on Bitcoin News.
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The price of BTC had increased in value significantly over the years, reaching $19,600 at its highest peak – and the exchange rate rests at $8,500 today. This is a stark contrast to just over a year ago when the digital currency’s value was under $1,000 per coin. Since the fiat value has increased so […]
The post Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’ appeared first on Bitcoin News.
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