Paxful Exchange CEO And CTO Arrested In Miami On Weapons And Drugs Charges
The greater Bitcoin community has been besieged by various levels of criminal activity, particularly over the last three years, as Bitcoin has become much more noticed by the mainstream. From the Silk Road’s dominance of the deep webs’ drug trade, to various ransomware and money laundering schemes, Bitcoin has attracted more than just your 21st century early adopting tech geek to its skill set. This weekend, Bitcoin’s public image took another hit, as the CEO and the CTO of the popular peer-to-peer exchange Paxful were arrested in South Beach on multiple weapons and drugs charges. Posing....
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Law enforcement authorities in Spain have arrested a man who was selling drugs procured from the deep web. Bitcoin and drugs are known to go well together. While there is some truth to it, the media has portrayed digital currency as the preferred currency for buying and selling illegal drugs, contraband and weapons. But again the definition of “Illegal Drugs” vary from place to place. The law enforcement authorities in A Coruna province recently arrested a man who was selling drugs over the internet in the region. According to the police, the perpetrator used to place online advertisements....
The director of Lithuania’s Financial Crime Investigation Service (FNTT) warned that terrorists could use bitcoin to fund their activities in the future, according to delfi.lt, a Lithuanian news site. The director, Kestutis Jucevicius, said at a press conference in Vilnius that bitcoin can potentially benefit groups involved in trafficking arms, human beings and drugs. This announcement followed the recent arrest of a Lithuanian citizen believed to be part of a group that laundered bitcoin from the sales of drugs and weapons. A Lithuanian citizen was among 10 people arrested suspected of....
Police have arrested six people in connection with an ongoing international money laundering investigation involving bitcoin. The authorities, which became suspicious following a series of large bitcoin trades, carried out various raids in and near Rotterdam - a city in the south of the Netherlands - leading to the arrests of four people in the country and two individuals abroad. According to a statement, the authorities arrested three men aged between 19 and 23. A fourth suspect was subsequently arrested in Capelle, in the western part of the country. A 24-year-old man was arrested in....
Investigators for the Monroe County, Pa. Drug Task Force arrested a student at East Stroudsburg University in East Stroudsburg, Pa. for selling drugs from his dorm room which he purchased on the darknet, according to darkwebnews.com. Authorities claim the student, Michael Mancini, used and sold LSD that he bought on the darknet. Mancini reportedly accessed the darknet using the Tor browser and bought the drugs with bitcoin. The darknet requires specialized access since the websites are not indexed by commonly used search engines. Student Admits His Actions. Mancini admitted purchasing LSD....
Paxful has announced Paxful Pay, an ecommerce checkout integration that allows merchants worldwide to receive bitcoin as payment.