PYMNTS

AUGUST 6, 2020

Two Costa Rican residents have been charged with selling opioids illegally on the darknet for what amounted to 23,903 Bitcoin, according to Cointelgraph. From there, Pate allegedly sold the pills on the darknet, including on sites like Silk Road and AlphaBay, for Bitcoin. law enforcement,” said Acting U.S.

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Bitcoin Law Enforcement Crime Cryptocurrency 71

PYMNTS

NOVEMBER 4, 2016

It’s been a varied week for bitcoin. First, some positive news: Bitcoin’s upward pricing trend continues, more or less. It opened this morning with a value of $742 and peaked at $744 (about as close as bitcoin has come to its year high since it hit $768 back in June). The reputation of bitcoin precedes it.

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Bitcoin Digital Currency Law Enforcement Legal Framework 76

PYMNTS

NOVEMBER 30, 2020

27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. Chinese law enforcement seized 194,775 Bitcoin, 833,083 Ethereum, 487 million XRP, 6 billion Dogecoin, 27.6

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Bitcoin Law Enforcement Blocks Cryptocurrency 67

PYMNTS

JUNE 19, 2019

The announcement of Facebook’s Libra has buoyed other cryptocurrencies, especially Bitcoin, which gained in the neighborhood of 12 percent this week, to $9,477. The last time Bitcoin got close to the $10,000 level was in May 2018, but it couldn’t close the gap.

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Bitcoin Law Enforcement Money Laundering Cryptocurrency 72

PYMNTS

MARCH 7, 2019

In other news, blockchain security company CipherTrace revealed details of the first Canadian court case to use a bitcoin expert witness. As a result, the Ontario Attorney General is seeking to confiscate 288 bitcoins. “As billion coming from the SamSam attack.

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Bitcoin Ransomware Law Enforcement Blockchain 59

PYMNTS

APRIL 28, 2019

Police in Singapore helped stop a scam that was targeting users of bitcoin machines at a local mall. The scammers then ordered the man to transfer a total of $1,000 ($734 USD) worth of bitcoin to their wallets on two occasions, which the victim did.

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Scams Bitcoin Business Email Compromise Law Enforcement 59

PYMNTS

AUGUST 19, 2019

Hamas, the militant Palestinian group, has come up with a new way to raise funds for its terror campaigns: bitcoin. This latest report follows recent warnings by government authorities and organizations about an increase in Islamist terrorist organizations using bitcoin and other digital coins to raise funds.

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Bitcoin Law Enforcement Digital Currency Authorization 60

Fintech News

JULY 17, 2024

These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space. In 2024, the top 100 bitcoin consolidation wallets received £968 million worth of bitcoin from over 14,970 distinct addresses.

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PYMNTS

NOVEMBER 1, 2016

Bitcoin, it seems, is out — the cool digital currency taking the world by storm now is Zcash, a product designed by academics to be all but untraceable. Bitcoin, on the other hand, has been capturing an increasing amount of bank interest — particularly since the fall of Silk Road — especially the blockchain technology that lies at its center.

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Law Enforcement Bitcoin Laws Privacy 66

PYMNTS

JANUARY 12, 2018

The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. Marshals Service said it will hold an auction in February to dispose of 3,813 bitcoins, which are valued at a sizable $52 million at today’s price.

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Fed Bitcoin Law Enforcement Blocks 53

PYMNTS

NOVEMBER 3, 2016

Zcash, the anonymous new bitcoin alternative that was just launched, found a bug that may stop private transactions from being mined. Zcash is a new digital currency that is taking the world by storm, rendering bitcoin to the sidelines. We’re going to release v1.0.1 shortly to fix it,” the company said.

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Transactions Law Enforcement Bitcoin Digital Currency 74

PYMNTS

MARCH 22, 2016

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. Ironically, this most recent case comes less than a year after a New Jersey police officer from the same city was nabbed for selling bitcoin mining equipment. The result?

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Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

FEBRUARY 20, 2020

Dublin-based 49-year-old Clifton Collins was ordered to give up €52 million (more than $56 million USD) in bitcoin by Justice Alex Owens when the Criminal Assets Bureau (CAB) determined that he had been involved in the supply and sale of drugs. The bitcoin seized was part of the value of assets confiscated last year.

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Bitcoin Law Enforcement Crime Cryptocurrency 52

PYMNTS

JANUARY 17, 2021

Liversidge’s reasoning is a common one cited by crypto opponents: the coins, such as bitcoin, have no intrinsic value and could end up being a destabilizing influence on society. But bitcoin’s rising prices, up to $42,000 recently, have forced critics to acknowledge its reality.

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Bitcoin Transactions Law Enforcement Cryptocurrency 61

PYMNTS

SEPTEMBER 11, 2020

For example, in April 2020 a RaaS (Ransomware as a Service) group called Sodinokibi (a former affiliate with the GrandCrab RaaS group) stated that future ransom request payments will be in Monero (XMR) rather than bitcoin (BTC) due to transaction privacy concerns," the agency states in its RFP. Even the U.S.

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IRS Cryptocurrency RFP Law Enforcement 96

PYMNTS

JULY 29, 2016

While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world. According to a report , a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. Allen was later identified by Manos in a police lineup.

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Bitcoin Law Enforcement Digital Currency Crime 42

PYMNTS

JANUARY 13, 2020

JPMorgan Chase said the launch of CME Group options is building and there is the anticipation of institutional interest in Bitcoin-related contracts. The regime gives greater power and reach to financial intelligence units and law enforcement.

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Bitcoin Posting Law Enforcement Money Laundering 60

PYMNTS

MARCH 2, 2018

Why steal bitcoin when you can steal the technology that enables one to make more of it? Clearly, this is the question a group of Icelandic thieves pondered before making their move on 600 computers used to “mine” bitcoin. As for the computers themselves, they have not been found and are worth around $2 million.

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Bitcoin Law Enforcement Crime Digital Currency 44

PYMNTS

MARCH 23, 2016

Another case of bitcoin ransomware has left one Kentucky hospital in an “internal state of emergency,” according to a report from Krebs On Security. Just yesterday (March 21) PYMNTS reported about a town that was being held hostage via a bitcoin ransomware attack. And last month?

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Ransomware Bitcoin Encryption Law Enforcement 42

PYMNTS

FEBRUARY 9, 2020

Europol, the European Union’s law enforcement agency, considers ransomware the “most widespread and financially damaging form of cyberattack.”. The attackers demanded higher ransom, hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. and Europe.

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Ransomware FBI Law Enforcement Compromise 75

PYMNTS

JANUARY 17, 2017

The hackers sent the college a ransom note demanding payment in bitcoin within seven days for a private key to regain access to the files. The Los Angeles Valley College District decided to pony up and pay the digital ransom to the tune of $28,000 in bitcoin. Francisco C.

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Bitcoin Ransomware Law Enforcement Cybersecurity 43

PYMNTS

SEPTEMBER 8, 2020

The coins affected included bitcoin, ether, XRP, tezos, algorand and TRON, and the hackers transferred their stolen items into public wallets that have since been emptied, according to CoinDesk. The exchange contacted law enforcement, and trading has been suspended until Sept.

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Bitcoin Law Enforcement FinTech Cryptocurrency 56

PYMNTS

AUGUST 3, 2018

In addition, Snow ruled on the forfeiture of the nearly 81 bitcoins Costanzo provided to an undercover agent in a money laundering transaction then worth $107,000. The Justice Department said the bitcoins are worth more than $600,000 today. The news comes after Costanzo was convicted of using the cryptocurrency to launder drug money.

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Bitcoin Money Laundering Law Enforcement Cryptocurrency 40

PYMNTS

MAY 3, 2019

In other news, the New York Police Department (NYPD) has issued a warning about phone scammers pretending to be Social Security Administration officials and requesting payment in bitcoin, prepaid gift cards, and bank wire transfers.

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Cross-Border Bitcoin Blockchain Wire Transfer 51

PYMNTS

DECEMBER 5, 2018

The first phase of the three-stage process would include designing a blockchain analysis system that “enables forensic analysis for homeland security and law enforcement applications for cryptocurrencies, such as Zcash and Monero.”. In other news, Overstock subsidiary Medici Ventures announced that it is purchasing $2.5

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Law Enforcement Blockchain Bitcoin Cryptocurrency 66

PYMNTS

JULY 12, 2019

In other news, Spanish law enforcement authorities have exposed a flaw in European anti-money-laundering controls. The Litecoin Foundation has announced that Litecoin has become the “Official Cryptocurrency of the Miami Dolphins.”.

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Bitcoin ATM Rules AML 40

PYMNTS

FEBRUARY 26, 2019

federal law enforcement agencies have recovered $110,000 worth of stolen bitcoin, and returned it to cryptocurrency exchange Bitfinex. bitcoin — is just a small portion of the amount stolen by hackers in August 2016. That amount — totaling 27.7

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Bitcoin Blockchain Cross-Border Law Enforcement 43

PYMNTS

JULY 15, 2020

The bills in question include the Lawful Access to Encrypted Data (LAED) Act and the Eliminating Abusive and Rampant Neglect of Interactive Technologies (EARN IT) Act, the former of which is a new bill and the latter of which has been in the works for months and gone through several amendments.

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IRS Encryption Law Enforcement Privacy 61

PYMNTS

MARCH 11, 2016

As infamous bitcoin criminals like Ross Ulbricht have learned, it’s not impossible to get caught. And, as law enforcement has learned, the dark side of bitcoin has its perks. Gox bitcoin exchange that went bust. Because even bitcoin has a trail. Russia Looks To Crack Down On Bitcoin (Even More).

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Law Enforcement Bitcoin Digital Currency Central Bank 42

PYMNTS

APRIL 6, 2018

Chainalysis counts as customers several law enforcement agencies, such as the Federal Bureau of Investigation and the Drug Enforcement Administration – and it wants to work with financial institutions. on Thursday (April 5), however, bitcoin was trading much lower than that – at $6,752.59, according to CoinDesk.

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Bitcoin Law Enforcement Cryptocurrency Blockchain 41

PYMNTS

MARCH 27, 2017

But developers are working to bring the seedier side of bitcoin to a close. Chainalysis collaborates with Europol to link digital identities to digital currency, helping banks and law enforcement investigate suspicious activity. “We The investigation can now proceed from where it used to stop before ….

Cryptocurrency 44

Cryptocurrency Law Enforcement Money Laundering Security 44

PYMNTS

OCTOBER 18, 2019

Thus, for criminals, at times bitcoin and other cryptos are a conduit to money laundering, ransomware and, at times, just trying to hide in plain sight. In news at the end of this week, the largest child pornography site in the world has been shuttered — and had operated across the Dark Web, funded by bitcoin.

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IRS Law Enforcement Bitcoin Money Laundering 41

PYMNTS

SEPTEMBER 8, 2020

The coins affected included bitcoin, ether, XRP, tezos, algorand and TRON, and the hackers transferred their stolen items into public wallets that have since been emptied, according to CoinDesk. The exchange contacted law enforcement, and trading has been suspended until Sept.

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Law Enforcement Bitcoin Cryptocurrency FinTech 52

PYMNTS

OCTOBER 11, 2018

Earlier this year, it was revealed that Iceland’s efforts over the last decade to focus on crimes that were associated with the financial crisis around the globe has hurt its law enforcement of money laundering and terrorism financing. billion each year.

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Central Bank AML Money Laundering Regulations 43

PYMNTS

SEPTEMBER 10, 2019

These activities are likely to be growing quickly, as law enforcement agencies are only seeing the tip of the iceberg.”. The way cryptocurrency is traded, Liu said, is hard to enforce in terms of illegal activity. “We Liu warned that illegal use of cryptocurrency is growing.

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Money Laundering Finance Law Enforcement AML 59

PYMNTS

JULY 16, 2019

Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. It also includes £6.5

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Credit Cards Crime Law Enforcement Blockchain 40

PYMNTS

APRIL 6, 2018

The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers. While the South Korean government is increasing enforcement of bitcoin exchanges, it has decided not to ban trading.

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Law Enforcement Bitcoin Cryptocurrency Caps 43