drug trafficking

U.S. authorities caught prisoners chatting about how they'd take their crypto stake offshore, suggesting the Bahamas as one idea. (A. Duarte/Flickr)

Policy

Prisoners’ Dreams to Stash $54M in Crypto in Exotic Locales Dashed as Feds Grab It for Treasury

While convicted traffickers sought the best off-shore destination for crypto riches, U.S. authorities say they listened in and pounced on the ill-gotten gains from darknet dru...

U.S. authorities caught prisoners chatting about how they'd take their crypto stake offshore, suggesting the Bahamas as one idea. (A. Duarte/Flickr)

By Elizabeth Napolitano Jesse Hamilton

Nov 2, 2023 at 10:11 p.m. UTC

Nov 2, 2023

RegulationsProsecutiondrug traffickingdarknetETH

drugs

Markets

California Couple to Forfeit Cryptocurrency Riches After Drug Bust

The couple must forfeit an undisclosed sum of bitcoin and bitcoin cash they acquired from selling illicit goods on a dark web marketplace.

drugs

Aug 7, 2019 at 4:30 p.m. UTC

Aug 7, 2019

Dark WebNewsdrug trafficking

ICE

Markets

US Customs Official Claims Crypto Conversions Can Be Traced

U.S. immigration official Matthew Allen said his division can find criminals using cryptocurrencies when they convert from fiat.

ICE

By Nikhilesh De

Oct 4, 2018 at 7:30 a.m. UTC

Oct 4, 2018

CrimeRegulationNewsLegaldrug traffickingHSI

shutterstock_634024823

Markets

Congress Advances Bill to Study Crypto Use in Drug, Sex Trafficking

Lawmakers in the House of Representatives have passed a bill that would approve a study of the use of cryptocurrencies in the sex and drug trades.

shutterstock_634024823

Jun 26, 2018 at 4:00 p.m. UTC

Jun 26, 2018

CryptocurrencyCongressRegulationNewsBillLegalCryptoOnlineSex Traffickingdrug traffickingbusiness news