Bitcoin

New York Gang’s Cash-for-Bitcoin Operation Unveiled: $30 Million in Criminal Transactions Exposed

October 20, 2023. Court records reveal a New York gang’s illicit cash-for-Bitcoin service, generating over $30 million through unconventional methods like street-corner transactions, drive-by pickups, and table displays of cash. The FBI’s extensive investigation, initiated in April 2021, exposed an underground Bitcoin exchange linked to criminal activities. Operated by individuals including Shaileshkumar Goyani, Brijeshkumar Patel, […]

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Project Spartacus – Inscribing Wikileaks Afghan War Logs On Bitcoin

Project Spartacus, at the intersection of journalism and peer-to-peer technology, uses Ordinals, a metaprotocol leveraging the Bitcoin blockchain for decentralized and immutable publishing. With a mission to highlight freedom in communication, Spartacus utilizes Ordinal inscriptions to permanently store 76,000 logs from the war in Afghanistan. This groundbreaking initiative ensures censorship resistance, allowing users to contribute

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Father-Son Duo Laundered Bitcoin from Dark Web Xanax Scheme: $150M Seized, Forfeiture Ordered

Ryan Farace, previously convicted for dark web Xanax distribution, conspired with his father, Joseph Farace, to launder additional proceeds of crimes while incarcerated. Despite claims of inability to access more Bitcoin, Ryan orchestrated transfers, including sending 71 Bitcoin to exchanges and retailers in 2019. Financial records revealed he used drug proceeds to benefit his father,

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Victim of Crypto SIM-Swap Attack Uses Bitcoin Transaction to Sue Thieves

A California man, Ryan Dellone, who lost $100,000 in a 2021 SIM-swapping attack, is taking legal action against the unknown holder of a cryptocurrency wallet containing his stolen funds. This case is believed to be the first instance where a federal court acknowledges using information from a bitcoin transaction, such as a link to a

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SIM Swapping Hacker Ordered to Forfeit $5.2 Million in Bitcoin and Sports Car for Crypto Theft from Northern California Executives

September 9, 2023. federal judge has mandated that Ahmad Wagaafe Hared, a hacker accused of pilfering cryptocurrency from Northern California crypto executives, forfeit nearly $5.2 million worth of Bitcoin and a sports car to the U.S. government. Hared, who began his activities as a teenager in 2016, allegedly collaborated with co-conspirators to target cryptocurrency executives

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Mirror Trading International (MTI) CEO Guilty in Brazil for Identity Fraud in Connection with Massive Cryptocurrency Pyramid Scheme

September 7, 2023. Johann Steynberg, the former CEO of Mirror Trading International (MTI), has been found guilty in Brazil for using forged identity documents in connection with a massive cryptocurrency fraud scheme. Steynberg, accused of orchestrating one of the largest crypto-related frauds, had fled to Brazil to evade charges in South Africa. According to regulatory

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