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Dark Web Drug Dealer to Forfeit Millions of Dollars in Illicit Crypto Earnings
20.8.2019
A man has been sentenced in San Diego, California, for conspiring to sell opioids and other drugs over dark web markets for cryptocurrencies.
Three UK Men Busted Over Bitcoin-Based Drug Ring
12.8.2019
The trio sold their products on the dark web and shipped as far as Australia
Dark Market Drug Dealers Plead Guilty, Forfeit Crypto Proceeds
7.8.2019
A couple based out of California has pleaded guilty to distributing drugs via a dark-web marketplace in exchange for cryptocurrencies
California Couple to Forfeit Cryptocurrency Riches After Drug Bust
7.8.2019
The couple must forfeit an undisclosed sum of bitcoin and bitcoin cash they acquired from selling illicit goods on a dark web marketplace
Dark Web Drug Dealer to Hand Over Bitcoin Millions After Plea Deal
29.7.2019
A dark web drug dealer must forfeit $4 million in funds including bitcoin after pleading guilty in New York
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide
16.7.2019
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates,...
JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War
11.7.2019
A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when...
Flowery V20 Talk and Government Terror: Why Darknet Crime Is the Least of Our Worries
1.7.2019
Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however. In the wake of the V20 summit it might seem that lawmakers actually care about...
Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders
29.6.2019
Forced to spend the rest of his days in a cage, Ross Ulbricht has recounted his situation in a letter, which explains how he’s spent more than 2,096 days in a U.S. federal penitentiary for running a website. Also Read: Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access...
Drug Abuse and Cryptocurrencies – The Dark Side
26.6.2019
As the world observes the International Day Against Drug Abuse and Illicit Trafficking, we hereby attempt to analyze the correlation between the crypto space and illicit drugs and how it has been affecting people around the globe. In its 10 years of existence, Bitcoin has found thousands of...
$200,000 in Bitcoin Seized in Dark Net Drug Probe
19.6.2019
In total, authorities seized 20 kilograms of MDMA, over seven kilograms of Ketamine, over 10,000 Xanax pills, and more than $100,000 in cash
US FDA Partners With IBM and Walmart to Improve Drug Supply Chain Using Blockchain
13.6.2019
The U.S. Food and Drug Administration has partnered with IBM, Walmart, KPMG and Merck to apply blockchain in the drug supply chain
Walmart Hedges Its Bets With 2nd Drug-Tracking Blockchain Trial
13.6.2019
Walmart will take part in a second drug-tracking blockchain pilot, this one with IBM, KPMG and drug maker Merck
Why Darknet Drug Sales Are on the Rise
5.6.2019
The public’s appetite for darknet drugs remains undaunted. A major new survey has shown consistent growth in online drug sales since 2014, with Scotland, Brazil and England leading the demand for narcotics procured off the darknet. Despite numerous darknet markets (DNMs) and supporting...
After Trillions Printed Under QE, Politicians Now Say Deficits Don’t Matter
19.5.2019
When quantitative easing (QE) was introduced, it was likened to a drug, with central banks making an emergency injection of money to resuscitate the global economy. Now it seems that some politicians have gotten addicted to this drug, going as far as to claim that government deficits don’t...