Crypto Use on the Dark Internet mBit site
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 in 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 ransomware strikes.
Armstrong is in charge the publication noted.
While acknowledging that his agency”takes a neutral view on electronic tokens, he noted several advantages and disadvantages,” the information 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 little sliver at this time,” he elaborated and internet bitcoin casino review.
Crypto Use on the Dark Internet
According to Armstrong,”the opioid epidemic” is now a focus of the FBI since the agency sees”a surge in drug abuse,” allowed from the dark web. Moreover, he claimed that the agency has also”seen a significant 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 fight cybercrime. The agency mentioned,”A number 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 using virtual currencies to obscure their transactions.”
On Monday, the House of Representatives unanimously passed a bill to help stop the use of cryptocurrencies such as bitcoin, dash, zcash, and monerowhite label bitcoin casino bitcoin casino playable in us 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 illicit use of cryptocurrencies.
What’s more, the U.S. Department of Justice announced Tuesday that it has captured”almost 2,000 bitcoins and other cryptocurrencies, with an approximate value of greater than $20 million,” at a nationally undercover operation targeting darknet sellers.
What do you think of the FBI tying 130 instances to cryptocurrencies? Let us know in the comments section below.
Pictures courtesy of Shutterstock.
Have to compute your bitcoin holdings? Check our tools department.