US indicts 12 Russian nationals for money laundering and hacking

The US has indicted 12 Russian foreign nationals for hacking, conspiracy and money laundering for allegedly interfering with the 2016 US presidential election. According to the indictment, Russia operated an intelligence agency called GRU which obtained confidential documents from the Clinton campaign systems by hacking and systematically released them to sway public opinion. According to [...]

Woman who bought Bitcoin with $300,000 in cash in grocery bags, going to jail for one year

A woman in California, who admitted operating an unlicensed in-person digital currency exchange where she traded cash for Bitcoin,  was sentenced today to 12 months in federal prison, three years of supervised release, and a fine of US$20,000. Theresa Tetley pled guilty to conducting an illegal business and engaging in unlawful monetary transactions involving Bitcoin, and laundering [...]

Violent robberies of digital currency executives and traders up over 100% in 2018 as another Bitcoin trader robbed at gun point during home invasion

Massachusetts armed home invasion A Bitcoin trader, who runs a digital currency exchange associated with Localbitcoins, was robbed at gun point in his home by two men who demanded he turn over Bitcoin and cash. The home invasion took place in Massachusetts in the early morning of July 6, 2018. The two suspects were later [...]

Court in China approves Blockchain as a source of evidence

A Court in China has ruled that Blockchain technology can be used to provide evidence in litigation in a first-of-its-kind decision. The litigation involved the ownership of intellectual property, where a claim of IP was recorded on the Blockchain. The Hangzhou Court of the Internet in China’s Zhejiang Province ruled that information stored on the [...]

Granny did it –> millions allegedly seized from banks, PayPal and in Bitcoin & IOTA in European drug bust

According to a statement by Europol, police in Austria and Spain seized €4.5 million in Bitcoin and IOTA as part of a bust of a transnational criminal organization that manufactured and trafficked LSD and laundered the proceeds of crime. The story is a little weird. How the police seized the digital currencies is unknown but [...]

35 darknet drug traffickers arrested in the US; $20 million in Bitcoin seized

Over 35 people were arrested in a US-wide sweep by the US DOJ, DEA, US Secret Service, ICE, HSI and the FBI agents for selling illegal drugs over the darknet and laundering the proceeds of crime using, inter alia, Bitcoin. The operation involved agents posing as digital currency exchanges to obtain personal information of drug [...]

Darknet drug trafficker with over $1 million in Bitcoin and Litecoin sentenced in US

25-year-old Matthew Yensan, from North Carolina, was sentenced to 78 months incarceration today for producing Xanax and Alprazolam, selling them on the darknet and laundering the proceeds of crime using, inter alia, Bitcoin and Litecoin. According to the indictment, Yensan had a Glock 27 .40, a Smith & Wesson Revolver .357, a Colt King Cobra [...]

Today’s Blockchain News from Asia

업비트 압수수색: 가상화폐 거래소의 운영시스템 과 정부의 모호한 태도 By Eunji Lee 지난 5월 10일 서울남부지검 금융조사2부는 업계 1위로 알려진 업비트를 거래소 운영상의 불법 등 혐의로 압수수색을 실시해 업계에 관련된 많은 이들에게 혼란을 주었다. 검찰은 이틀동안 수사관을 보내 업비트의 컴퓨터 하드디스크와 회계 장부 등을 확보했다. 검찰수색의 이유는 업비트가 실제로 갖고 있지 않은 가상화폐를 가진 것터럼 [...]

Canada doing a lot worse combatting money laundering and drug trafficking according to 2018 US INCSR report

Canada once again a “Major Money Laundering” country The 2018 “International Narcotics Control Strategy Report” (INCSR) published in March 2018 by the U.S. Department of State identifies Canada once again as a “major money laundering country” along with a host of risky countries for financial crime, and is generally doing a lot worse combatting money laundering [...]

US Govt Issues Sanctions Against Venezuela’s ICO – the Petro Coin

Executive Order  President Trump issued an Executive Order imposing economic sanction on the initial coin offering (“ICO“) by the Government of Venezuela, called the Petro Coin (the “Petro ICO“). The Executive Order makes it illegal to engage in transactions, dealings or financings in connection with the Petro ICO, which would include buying, selling, trading, marketing, [...]