Crypto Currency

A massive dark web child porn site was brought down by tracing bitcoin

Say it with me: Bitcoin is not anonymous.  Three hundred and thirty-seven alleged members of a massive dark web child pornography website were reminded of that fact last year when they were arrested by a global coalition of law enforcement. According to a Department of Justice press release on Wednesday, the individuals in question were…


Say it with me: Bitcoin is not anonymous. 

Three hundred and thirty-seven alleged members of a massive dark web child pornography website were reminded of that fact last year when they were arrested by a global coalition of law enforcement. According to a Department of Justice press release on Wednesday, the individuals in question were tracked down with the help of blockchain analysis. 

In other words, authorities were able to trace bitcoin payments made to the site in question back to the alleged perpetrators. That’s because, as we can never repeat often enough, contrary to popular belief, bitcoin is onlypseudonymous. 

“The complaint alleges that law enforcement was able to trace payments of bitcoin to the Darknet site by following the flow of funds on the blockchain,” reads the press release. “The virtual currency accounts identified in the complaint were allegedly used by 24 individuals in five countries to fund the website and promote the exploitation of children.”

This website, dubbed “Welcome to Video,” was reportedly a large operation. The DOJ notes that it discovered over 250,000 unique vide

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Knaken Crypto Exchange Declared Bankrupt After €7 Million Customer Fund Shortfall

Knaken, a Dutch cryptocurrency exchange, has filed for bankruptcy after a court in Rotterdam declared that the firm could not repay an enormous amount of funds to its customers. This comes after an investigation by the prosecutors found that about €7 million worth of customers’ funds were missing…

Knaken, a Dutch cryptocurrency exchange, has filed for bankruptcy after a court in Rotterdam declared that the firm could not repay an enormous amount of funds to its customers. This comes after an investigation by the prosecutors found that about €7 million worth of customers’ funds were missing…
Read More

Continue Reading
Crypto Currency

From Bitcoin trading to financial super apps: what nine years of Binance reveal about crypto exchange evolution

Nine years later, Binance serves more than 316 million users across trading, payments, savings, tokenized securities, and traditional asset access. Its evolution from a spot cryptocurrency exchange into an integrated financial platform closely mirrors the broader maturation of the centralized exchange industry itself. A recent CoinDesk Research case study traces that transformation through five distinct phases…

Nine years later, Binance serves more than 316 million users across trading, payments, savings, tokenized securities, and traditional asset access. Its evolution from a spot cryptocurrency exchange into an integrated financial platform closely mirrors the broader maturation of the centralized exchange industry itself. A recent CoinDesk Research case study traces that transformation through five distinct phases…
Read More

Continue Reading
Crypto Currency

Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules

Bitcoin Magazine Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money laundering standards to stablecoins. This post Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules first appeared

Bitcoin Magazine

Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules
The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money laundering standards to stablecoins.
This post Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
Read More

Continue Reading
Crypto Currency

CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification

Bitcoin Magazine CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification CME Group plans to sue the CFTC over its approval of bitcoin perpetual futures, arguing the contracts are swaps — not futures — under Dodd-Frank. This post CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in

Bitcoin Magazine

CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification
CME Group plans to sue the CFTC over its approval of bitcoin perpetual futures, arguing the contracts are swaps — not futures — under Dodd-Frank.
This post CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
Read More

Continue Reading