Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto – CoinDesk

The U.S. arrested an alleged money launderer Tuesday in Florida on accusations of using cryptocurrencies and cashier’s checks to obfuscate the origins of funds related to drug-running. First noted by George Washington University’s Seamus Hughes, the complaint, unsealed Wednesday, charges Pedro Antonio Aquino-Eufracia with conspiracy for allegedly participating in a drug cartel, laundering funds using […]

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Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto – CoinDesk

The U.S. arrested an alleged money launderer Tuesday in Florida on accusations of using cryptocurrencies and cashier’s checks to obfuscate the origins of funds related to drug-running. First noted by George Washington University’s Seamus Hughes, the complaint, unsealed Wednesday, charges Pedro Antonio Aquino-Eufracia with conspiracy for allegedly participating in a drug cartel, laundering funds using […]

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US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer – CoinDesk

Larry Harmon was arrested earlier this week for allegedly participating in a money-laundering conspiracy worth more than $300 million in cryptocurrency involving darknet marketplace AlphaBay. However, the family of the Coin Ninja CEO claims he was never involved with AlphaBay. Harmon’s case raises pressing questions about developer liability in the crypto industry. In addition to […]

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US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme – CoinDesk

U.S. authorities arrested three alleged scammers attached to the BitClub Network Tuesday who successfully defrauded investors of $722 million through a mining pool Ponzi scheme. According to a press release, Matthew Brent Goettsche, 37, of Lafayette, Colorado; Jobadiah Sinclair Weeks, 38, of Arvada, Colorado; and Joseph Frank Abel, 49, of Camarillo, California were indicted on […]

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Crypto Developer’s Arrest for Aiding North Korea Echoes Eerily Prophetic 2008 NYT Profile

The FBI arrested an Ethereum developer in Los Angeles on Thanksgiving for teaching North Korea about cryptocurrency. The Manhattan US Attorney’s office says the 36-year old Virgil Griffith helped North Korea to evade international sanctions. The former hacker and tech idealist has been flirting with disaster for years. The New York Times did an eerily […]

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