Bitcoin
$41,991.25-1.87%
Ethereum
$2,818.62-3.92%
XRP
$0.918604-3.46%
Cardano
$2.22-6.31%
Polkadot
$28.70-8.63%
Stellar
$0.268809-5.29%
Dogecoin
$0.204040-3.35%
Chainlink
$23.75+1.99%
Uniswap
$18.78-5.87%
Polygon
$1.07-5.79%
Cosmos
$37.52-10.67%
Algorand
$1.66-7.29%
Litecoin
$147.42-4.59%
Bitcoin Cash
$502.95-3.25%
Wrapped Bitcoin
$42,058.10-1.82%
The Graph
$0.658496-4.43%
Tron
$0.087653-5.70%
Filecoin
$56.13-12.25%
Ethereum Classic
$45.93-4.81%
Tezos
$6.68-6.95%
Monero
$235.13-2.71%
Aave
$263.64-6.47%
EOS
$3.89-4.35%
NEO
$37.43-6.17%
IOTA
$1.17-7.48%
BitTorrent
$0.003158-4.46%
Bitcoin SV
$128.90-5.12%
Maker
$2,387.38+2.80%
Waves
$23.20-6.73%
Dash
$159.14-4.56%
Decentraland
$0.731707+3.62%
Decred
$111.76-5.26%
ICON
$1.49-5.94%
NEM
$0.142472-5.22%
Zcash
$109.19-2.42%
Paxos Standard
$1.00-0.58%
OmiseGO
$8.37-7.11%
NuCypher
$0.278694-1.66%
Yearn Finance
$28,792.09-3.78%
Ren
$0.968191-11.19%
Bitcoin Gold
$50.97-3.01%
Qtum
$9.23-6.81%
Basic Attention Token
$0.621946-5.19%
Fetch.ai
$0.806610-3.64%
0x
$0.862138-5.81%
Kava.io
$5.57-9.88%
Bancor
$3.37-2.17%
Band Protocol
$7.15-4.19%
Siacoin
$0.014158-6.71%
Nano
$4.35-7.77%
Loopring
$0.369151-3.87%
Numeraire
$40.36-2.40%
Storj
$1.04-5.08%
Civic
$0.426254-8.81%
Lisk
$2.75-5.94%
Orchid
$0.313852-3.49%
PAX Gold
$1,756.03-0.11%
Enzyme
$157.47+19.87%
Augur
$20.49-1.80%
Aragon
$4.46-7.32%
district0x
$0.143568-9.58%
Kyber Network
$1.39-4.62%
SingularDTV
$0.001237-5.98%
Tether
$1.00+0.00%
USD Coin
$1.00+0.01%
Dai
$1.00+0.02%

US Arms Dealer Allegedly Used Bitcoin for Purchases

A Michigan man has been indicted for allegedly using bitcoin to purchase and ship illegal gun components overseas.

Aug 12, 2015 at 5:48 p.m. UTC
Updated Sep 11, 2021 at 11:49 a.m. UTC

A Michigan man has been indicted for allegedly using bitcoin to buy and sell illegal gun components on the dark web.

Benjamin James Cance, from Plainwell, is facing charges for shipping illegal arms, possession of an unregistered machine gun and money laundering.

Cance appeared before Magistrate Judge Phillip J Green yesterday and pleaded not guilty. He has since been released on bond and is awaiting trial, although no official date has been set.

International arms shipment is punishable by up to 20 years in prison, whereas the maximum penalty for money laundering and possession of a machine gun carries a 10-year prison sentence, statements from the Department of Justice indicated.

The investigation of the case is being carried out by the Department of Homeland Security, Immigration and Customs Enforcement, the Internal Revenue Service, the US Postal Inspection Service and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...