Startup Sabr.io is Helping to Catch Bitcoin's Criminals
A new blockchain startup has claimed its software could help track down criminals faster and cheaper than ever. Sabr.io, one of 42 companies unveiled at 500 Startups' demo day in San Francisco this Tuesday, aims to shave valuable time off investigations into outfits such as illicit marketplace Silk Road. The platform, which integrates data from public and proprietary sources, claims to provide law enforcement with intel on digital currencies that's "otherwise inaccessible". It's unclear exactly what this entails, with CEO David Berger telling CoinDesk he was unable to disclose further....
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Blockchain analytical tools and services are both a blessing and a curse, according to Bitcoin industry experts. The Bitcoin community is divided into two camps: those who embrace the transparent aspect of the blockchain and financial transactions, and those who want to use anonymizing services to cover their tracks. Unmasking Bitcoin transactions could throw a monkey wrench into the plans of that second category of users, and Sabr.io aims to do exactly that. The business model associated with the Sabr.io service is noble and honorable, as the company wants to eliminate any criminal....
Law enforcement is catching up with criminals who use bitcoin to escape detection for their crimes. The imprisonment of Ross Ulbricht in February 2015 marks the most visible proof that criminals cannot hide their online activities. Czech national Thomas Jiikovsky was suspected of laundering $40 million in stolen bitcoins and in March police seized his assets. Trendon Shavers pleaded guilty to operating a $150 million Ponzi scheme in September, marking the first bitcoin securities fraud case. That same month, police arrested Mark Karpeles for fraud and embezzlement of $390 million from the....
FBI special agent Joseph Battaglia sits at a desk between a New York police detective and an employee of the Internal Revenue Service (IRS). Charged with helping oversee investigations at the New York field office of the FBI's cyber division, Battaglia and his colleagues have developed methods for identifying a wide range of online criminal activities, ranging from the use of child porn to espionage. But during a recent keynote address at Fordham University’s law school in New York City, Battaglia peeled back the curtain of a different kind of investigation. Addressing a group of about 150....
BitMart Exchange, a premier global digital asset trading platform, recently announced to co-host the Next Top Blockchain Startup competition with GDA Capital, a capital markets organization that provides solutions to accredited investors and disruptive technology companies. The Next Top Blockchain Startup is not only a technology-focused competition but at the same time a community helping […]
Four men in the UK have been arrested over their alleged roles in the online marketplace Silk Road. One of the suspects is in his 50s and from Devon while the others are in their early 20s and are from Manchester. They were detained by officers of the new National Crime Agency (NCA) shortly after the FBI arrested Ross Ulbricht - the suspected creator of Silk Road. The NCA has warned that other people in the UK suspected of being "significant users" of Silk Road will be arrested over the coming weeks. Keith Bristow, director general at the NCA, said: "These arrests send a clear message to....