Wednesday, June 27, 2018

Feds ran a bitcoin-laundering sting for over a year

More than 40 alleged dark-web drug dealers have been arrested as part of a sweeping federal effort described by the Department of Justice as "the first nationwide undercover operation targeting dark net vendors." The core of the operation was an online money-laundering business seized by agents from Homeland Security Investigations and operated as a sting for over a year. By offering cash for bitcoin, HSI agents were able to identify specific drug dealers, ultimately tracing more than $20 million in drug-linked cryptocurrency transactions.

Read more... https://www.theverge.com/2018/6/27/17509444/dark-web-drug-market-money-laundering-hsi-dark-gold