
Authorities Uncover Bitcoin-Funded Gunrunning Operation
A clandestine operation conducted by the Australian Federal Police (AFP), in conjunction with the United States Homeland Security Investigations (HSI), has resulted in the toppling of an international illegal operation connected to bitcoin. The activities were partially funded through bitcoin and occurred through the so called “dark web,” which is a distributed network where many online black market services are provided. According to the press release issued by Australian authorities, the multinational sting was initiated when the Australian Customs and Border Protection Service (ACBPS)....
Related News
Authorities accuse QQAAZZ of mounting a laundering-as-a-service operation for the criminal underworld.
Interpol has announced a significant recovery of assets totaling $439 million as part of a recent operation aimed at dismantling online scams, which included a substantial amount in crypto assets. This initiative, which took place from April to August of this year, involved collaboration among authorities from over 40 countries and territories. The operation resulted […]
One month following the news that the Casascius physical bitcoin minting operation came to a grinding halt comes the news that some operations will resume selling some coins, according to a post this weekend. The post indicates that Mike Caldwell, who heads the operation, will soon begin selling the Casascius aluminum coin, which is unfunded and does not hold a value in bitcoin. Caldwell also indicates that he's planning to sell traditional Casascius coins, save for the fact they too will be unfunded - so as to not continue running a "money-transmitting" business, as seen by the U. S.....
A bitcoin ATM operator has been sent to federal prison for two years for running an illegal cryptocurrency exchange operation. U.S. authorities have seized 17 bitcoin ATMs, along with some cryptocurrencies, including bitcoin. Illegal Bitcoin ATM Operator Sent to Prison The U.S. Department of Justice (DOJ) announced Friday that a California man, Kais Mohammad, has been sentenced to two years in federal prison “for operating illegal ATM network that laundered bitcoin and cash for criminals.” The Justice Department said that the 37-year-old operated an illegal crypto business....
Norway police made their largest drug bust ever last month when they arrested 15 people selling drugs on what they claim is the second version of the notorious Silk Road online marketplace that the U.S. Federal Bureau of Investigation closed in 2013, according to the The Local Europe AB, a Swedish news source. Kripos, Norway’s National Criminal Investigation Service, launched Operation Marco Polo, the nation’s largest operation against organized drug crime, on the dark web. Verdens Gang, an Oslo, Norway newspaper reported this week that the sting resulted in the arrested of 15 people,....