Continuing Enforcement Crackdown On DarkWeb Sites

HACKERS HAVE LOST FAVORITE BITCOIN LAUNDERING SERVICE AFTER AN ARREST IN GREECE     NextGov Joon Ian Wong July 29, 2017 DoJ Press Release – July 26, 2017 BTC-e and Vinnick were indicted on 21 counts for operating an unlicensed money service business, money laundering, alleged hack of Mt. Gox, and related crimes. Vinnick also was indicted for stolen identities, facilitating drug trafficking, and helping to launder criminal proceeds from syndicates around the world. The arrest of a Russian man named Alexander Vinnik in Greece on Wednesday could disrupt the operations of one of the world’s largest bitcoin exchanges, which is [allegedly] also … Continue reading

Interesting Twist on Bitcoins Thieves!

  Former Federal Agents Charged with Bitcoin Money Laundering and Wire Fraud Agents were Part of Baltimore’s Silk Road Task Force U.S. Department of Justice March 30, 2015 Office of Public Affairs Two former federal agents have been charged with wire fraud, money laundering and related offenses for stealing digital currency during their investigation of the Silk Road, an underground black market that allowed users to conduct illegal transactions over the Internet. The charges are contained in a federal criminal complaint issued on March 25, 2015, in the Northern District of California and unsealed today. Assistant Attorney General Leslie R. … Continue reading

Magic Money, or Crap On a Cracker?

The 1950 Brinks robbery, 1978 Lufthansa heist, even the 1963 Great Train Robbery, which netted bandits $20M, $21M and $78M respectively (by today’s standard), all pale in comparison to the potential theft of $300M in the cyber-world of crypto-currency. Whether a computer glitch, or the largest ‘bank job’ in history remains to be determined.  Yet, a major player in the “Bitcoin” market has, at least temporarily, shuttered its electronic portal, leaving Bitcoin owners wondering about the fate of their investments. Via Yahoo News: MtGox website disappears amid huge bitcoin theft claim By Hiroshi Hiyama Tokyo (AFP) – The website of … Continue reading