New York State Sees First Conviction for Crypto Money Laundering
A case involving millions of dollars in bitcoin and Western Union payments resulted in New York State's first conviction for crypto money laundering.
A man has been sentenced in San Diego, California, for conspiring to sell opioids and other drugs over dark web markets for cryptocurrencies.
The trio sold their products on the dark web and shipped as far as Australia.
Dark market sellers are offering fiat cash for bitcoin at heavily discounted prices, but there's a catch.
The couple must forfeit an undisclosed sum of bitcoin and bitcoin cash they acquired from selling illicit goods on a dark web marketplace.
A dark web drug dealer must forfeit $4 million in funds including bitcoin after pleading guilty in New York.