FBI’s 130 Crypto-Related Cases
The Federal Bureau of Investigation (FBI) reportedly”has 130 cases tied to cryptocurrencies,” according to Supervisory Special Agent Kyle Armstrong. Speaking at the Crypto Evolved conference Wednesday in New York, he was quoted by Bloomberg:
The cases’threat tagged’ to currencies encompass crimes such as human trafficking, illegal drug sales, kidnapping and ransomware strikes.
Armstrong is in charge the publication noted.
While acknowledging that his agency”takes a neutral view on electronic tokens, he noticed several pros and cons,” the news outlet conveyed and quoted him explaining that the FBI has noticed a rise in illegal activity facilitated by cryptocurrency payments. “There are thousands of cases in the bureau, so it is a small sliver at this point,” he elaborated and internet bitcoin casino review.
Crypto Use on the Dark Web
According to Armstrong,”the opioid epidemic” is now a focus of the FBI since the agency sees”a surge in drug misuse,” allowed from the dark web. Moreover, he claimed that the bureau has also”seen a substantial rise in extortion schemes linked to virtual currencies on the southwest border of the U.S.”
In its budget request for Fiscal Year 2018, the FBI asked for”80 positions and $21.6 million” to improve its investigative technology to fight cybercrime. The agency cited,”Some of our criminal investigators face the challenge of identifying online pedophiles who conceal their crimes and identities behind layers of anonymizing technology, or drug traffickers who use virtual currencies to obscure their transactions.”
On Monday, the House of Representatives unanimously passed a bill to help prevent the use of cryptocurrencies such as bitcoinno deposit bitcoin casino bonus free bitcoin casino software This bill shortly follows a testimony by a high-ranking official of the U.S. Secret Service before the House of Representatives Financial Services Subcommittee on Terrorism and Illicit Finance. He asked Congress for help in preventing the use of cryptocurrencies.
Furthermore, the U.S. Department of Justice announced Tuesday that it has captured”nearly 2,000 bitcoins and other cryptocurrencies, with an approximate value of greater than $20 million,” in a nationally undercover operation targeting darknet vendors.
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Source: bitcoincasinoreview.net
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