Tweet A 22-year-old California man named Wyatt Pasek, was sentenced on August 26, 2019, to more than 17 years in prison in California for selling fake oxycodone pills laced with fentanyl and other synthetic opioids. Pasek sold drugs on the darknet on a marketplace under the name “OxyGod”, and was paid with Bitcoin. The proceeds of […]
Tweet The US Attorney for the Northern District of California, on behalf of the US Treasury, has filed a civil complaint against the Bitcoin exchange known as BTC-e and one of its alleged owners / officers, Alexander Vinnik, to enforce over $100 million in monetary penalties for a series of anti-money laundering law violations. BTC-e […]
Tweet For years now, people in the digital currency space have expressed concern about digital currency exchanges and digital currencies being abused for terrorist financing. Another report, this time from researchers at BellingCat, have apparently traced the use of a digital currency exchange directly to a terrorist group. Terrorist financing is not only prohibited and […]
Tweet The DOJ from the Southern District of New York, unsealed a grand jury superseding indictment against two people today for allegedly providing payment processing services to digital currency exchanges without being licensed and under circumstances where they allegedly lied to obtain bank accounts. They are charged with bank fraud. According to the indictment, Reginald […]
Tweet The Attorney General of the State of New York, Letitia James, announced yesterday, that her office obtained an injunction and an order for documents in Court against a large international digital currency exchange called Bitfinex and a number of companies associated with it (namely, iFinex Inc., BFXNA Inc., BFXWW Inc., Tether Holdings Limited, Tether Operations […]
Tweet China’s Supreme People’s Procuratorate, the highest national legal supervisory body in China (which reports to the National People’s Congress), published a commentary by a learned legal scholar on its official website on the use of Blockchain for Court evidentiary purposes yesterday, noting that for it to grow as a source of reliable evidence in […]
Tweet Sindri Por Stefansson was recently sentenced to 4 1/2 years in prison in Iceland for masterminding the theft of $2M worth of Bitcoin mining machines. Mr. Stefansson was arrested in February 2018 in Iceland with several others, and ordered held in connection with computer theft, for over $2M worth of mining equipment. He was […]
Tweet An online gambling executive, William Creighton, who ran sports books from Costa Rica, disappeared last September 2018 and is believed to be dead. His car was found abandoned and his wife reported him missing a day later. He was never located. His wife informed the police that the night before, she had received a […]
Tweet According to recent news report, the hacking group Dark Overlord has hacked the systems of a large law firm in the US and obtained privileged and confidential records that were published online at Pastebin. The files are allegedly encrypted and the group is seeking payment in Bitcoin, failing which they will make all the […]
Tweet Exchange CEO Indicted The CEO of a digital currency exchange who pleaded guilty after being indicted in New York for, inter alia, selling Bitcoin to US residents illegally and then stealing it from them by removing it from the exchange’s pooled wallet, is awaiting sentencing for the criminal proceeding against him, and is also negotiating […]