FBI’s 130 Crypto-Related Cases
The Federal Bureau of Investigation (FBI) allegedly”has 130 cases tied to cryptocurrencies,” according to Supervisory Special Agent Kyle Armstrong. Speaking in the Crypto Evolved conference Wednesday in New York, Bloomberg quoted him:
The instances’threat tagged’ to monies encompass crimes such as illegal drug sales human trafficking, kidnapping and ransomware attacks.
Armstrong is in charge of the FBI money initiative, which has been around for about three decades, the publication noted.
While acknowledging that his agency”takes a neutral view on digital tokens, he noticed several pros and cons,” the information outlet conveyed and quoted him explaining that the FBI has noticed an increase in illegal activity facilitated by cryptocurrency payments. “There are thousands of cases in the agency, so it’s a small sliver at this time,” he elaborated and net bitcoin casino review.
Crypto Use on the Dark Internet
According to Armstrong,”the opioid epidemic” is now a focus of the FBI as the agency sees”a surge in drug misuse,” enabled from the dark web. Moreover, he claimed that the bureau has also”seen a substantial rise in extortion schemes linked to virtual monies 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 technology to fight cybercrime. The bureau cited,”A number of our criminal investigators face the challenge of identifying online pedophiles who hide their identities and offenses behind layers of anonymizing technology, 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, dashboard, zcash, and monerobitcoin casino best bonus bitcoin casino instant deposit This bill soon 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 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,” at a nationally undercover operation targeting darknet vendors.
What do you think about the FBI linking 130 instances to cryptocurrencies? Let us know in the comments section below.
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Source: bitcoincasinoreview.net
