Darknet fraudster James Zhong could face 20 years in prison for stealing more than 50,000 BTC tied to the Silk Road marketplace using nine of his accounts that processed over 140 transactions.
Authorities from Germany and the United States have teamed up to bring down Hydra, with the DoJ bringing charges against a Russian national and sanctioning the linked Garantex exchange.
In a new report, the law enforcement agency said drug traffickers were turning to digital currency ATMs as a way of illegally transferring money to avoid detection.
Known only by his pseudonym JokerStash, he allegedly operated the world’s largest stolen credit cards marketplace. An analytics firm estimates he made at least $2.9 billion in BTC.
The scam could be part of an effort to collect data on digital currency users, which would then have resale value to other scammers and criminals on the dark web.
The OIG called on FBI to implement a better strategy for not just its dark web investigations, but also for digital currency-related activities.
The hard fork promises substantial improvement across nearly all aspects of the privacy coin's performance.
The arrested men are accused of purchasing stolen NEM on the dark web, violating laws that were set up to tackle organized crime online.
Indian authorities have brought down a narcotics trafficker who plied his trade through the dark web, selling illegal drugs and getting paid in crypto.
The suspect is alleged to have sold and distributed heroine and meth, accepting payments only in BTC. If found guilty, she faces over 100 years in prison.
The seller peddled drugs on Silk Road for years and pled guilty to laundering $19M from the operation via BTC.