FBI’s 130 Crypto-Related Cases
The Federal Bureau of Investigation (FBI) allegedly”has 130 cases tied to cryptocurrencies,” based on Supervisory Special Agent Kyle Armstrong. Speaking at the Crypto Evolved conference Wednesday in New York, he was quoted by Bloomberg:
The instances’threat tagged’ to virtual monies encompass crimes like human trafficking, illicit drug sales, kidnapping and attacks that are ransomware.
Armstrong is in charge the publication noted.
While acknowledging that his agency”takes a neutral view on digital tokens, he noted several advantages and disadvantages,” 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’s a small sliver at this point,” he elaborated and net 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 by the dark web. Moreover, he claimed that the agency has also”seen a substantial rise in extortion schemes related 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 technologies to combat cybercrime. The agency cited,”Some of our criminal investigators face the challenge of identifying online pedophiles who conceal their identities and offenses behind layers of anonymizing technologies, or drug traffickers who use virtual currencies to obscure their trades.”
On Monday, the House of Representatives passed a bill to help stop the illegal use of cryptocurrencies including bitcoinBITCOIN LOTTERY review This bill shortly follows a testimony by a high-ranking official of the U.S. Secret Service prior to 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”almost 2,000 bitcoins and other cryptocurrencies, with an approximate value of more than $20 million,” in a nationally undercover operation targeting darknet sellers.
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Source: bitcoincasinoreview.net
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