Bitcoin advisor arrested for allegedly providing technical education on Blockchain to North Korea

Tweet Unsealed criminal complaint The US Attorney for the SDNY, together with the FBI yesterday announced the arrest of Virgil Griffith, a cryptocurrency advisor, in connection with technical services he allegedly provided to educate the Democratic People’s Republic of Korea (“North Korea”) on sanctions avoidance and money laundering. Griffith was the subject of a criminal […]

Canadian digital currency exchange helps you buy a sanctions-avoidance virtual currency created by a Russian on a sanctions list, with ties to a $100M Ponzi scheme

Tweet Russian on OFAC list launches a coin The Kharon Brief has an interesting article here about Aleksei Muratov, also spelled Aleksey Muratov, a Ukrainian on the OFAC sanctions list here, who founded, launched and owns an initial coin offering called PRIZM. Donetsk People’s Republic Muratov lives in the Donetsk region of Ukraine. According to […]

The Com Man: Canadian ICO founder who led a rich and famous lifestyle with private jet trips, diamond watches and fast cars, arrested

Tweet Canadian ICO founder arrested; investors all over the world may be out at least $80 million A Canadian from Montreal, Quebec, named Aziz Com Mirza, was arrested in Dubai on October 27, 2019, and is chilling in the Al Awir jail, on allegations of running a Ponzi scheme. Mirza founded a Canadian initial coin […]

Italian police shut down darknet market allegedly run by a teenager that listed for sale drugs, weapons, fake ID and “bank drop” money laundering services, including to Canadians

Tweet Canadians among top users of seized darknet drug and weapons site The Italian Guardia di Finanza has arrested three individuals in Italy who are alleged to have operated the darknet site on TOR called the Berlusconi Market. The Berlusconi Market had over 100,000 illegal goods and services listed for sale such as illegal drugs, […]

SEC obtains emergency order against Telegram’s ICO, which raised $1.7 billion from investors

Tweet Ex parte injunction The Securities and Exchange Commission (“SEC“) announced today that it filed an emergency application ex parte in US Federal District Court in Manhattan, and after a hearing, obtained a temporary order over the initial coin offering (“ICO“) launched by Telegram Group, Inc. (“Telegram“), the messaging application, which raised $1.7 billion from investors […]

Eagle Scout who became a Bitcoin multi-millionaire by selling fentanyl-laced pills on Canadian darknet site, found guilty of super kingpin charges

Tweet Super kingpin fentanyl dealer Aaron Shamo, who was an Eagle Scout and a Mormon, was found guilty at the end of August in Utah of continuing a criminal enterprise on the darknet and selling fake oxycodone pills laced with fentanyl. He is expected to be sentenced to life imprisonment under the “super kingpin” laws, similar […]

The Canadian: “[D]ude, we’re criminal drug dealers – what line shouldn’t we cross?” Explaining the Silk Road Money Laundering Case

Tweet 4th Anniversary of Silk Road founder’s Sentencing The end of May marked the 4th Anniversary of the sentencing of Ross Ulbricht, aka Dread Pirate Roberts, the founder of the now-defunct darknet marketplace website based in California, called Silk Road that operated on TOR, which brokered sales of illegal goods and services, including narcotics like […]

Several agencies take down Bitcoin mixing & anonymizing service

Tweet Working with Europol, several law enforcement agencies shut down a Bitcoin mixing and anonymizing service called Bestmixer, which was one of the largest mixing services for digital currencies. Mixing and anonymizing services or anonymizing exchanges process digital currencies on behalf of customers in order to make it difficult to trace the digital currencies. The […]

FATF to finalize interpretation of virtual assets, digital currency exchanges and ICOs to require they be FIU-registered and supervised for AML compliance

Tweet In furtherance of the US approach to responsible innovation, the Financial Action Task Force (“FATF“)’s private sector consultation in Vienna two weeks ago, will help drive changes to FATF Recommendation 15 to bring digital currencies, ICOs, and digital currency exchanges more fully into the AML requirements in June 2019. The Vienna change will take […]

Canadian Member of Parliament Introduces Bill to Allow for Crypto Capital Gains Donations to Charities

Tweet Canadian Parliamentarian Dan Albas, has introduced Bill C-452 in Parliament today which would allow holders of cryptocurrency to make charitable donations in crypto to Canadian charities and get a tax credit for their donations. The short but powerful amendment to the Income Tax Act, amends §38(a.1) to include crypto as an approved category for the […]