FBI’s 130 Crypto-Related Cases
The Federal Bureau of Investigation (FBI) reportedly”has 130 cases tied to cryptocurrencies,” according to Supervisory Special Agent Kyle Armstrong. Speaking at the Crypto Evolved conference Wednesday in New York, he was quoted by Bloomberg:
The cases’threat tagged’ to virtual currencies encompass crimes such as illegal drug sales, human trafficking, kidnapping and attacks.
Armstrong is in charge the publication noted.
While acknowledging that his agency”takes a neutral view on electronic tokens, he noticed several pros and cons,” the news outlet conveyed and lent 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 internet bitcoin casino review.
Crypto Use on the Dark Web
According to Armstrong,”the opioid epidemic” is now a focus of the FBI since the agency sees”a surge in drug abuse,” allowed by the dark web. Moreover, he claimed that the agency has also”seen a significant rise in extortion schemes related 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 technologies to combat cybercrime. The bureau cited,”Some of our criminal investigators face the challenge of identifying online pedophiles who conceal their identities and offenses behind layers of anonymizing technology, or drug traffickers using virtual currencies to obscure their trades.”
On Monday, the House of Representatives passed a bill to help stop the use of cryptocurrencies such as bitcoin, dash, zcash, and moneroOshi Casino rating This bill shortly follows a testimony by a high-ranking official of the U.S. Secret Service prior to the House of Representatives Financial Services Subcommittee on Terrorism and Illicit Finance. He asked Congress for help in preventing the illicit use of cryptocurrencies.
What’s more, 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 nationwide undercover operation targeting darknet vendors.
What do you think about the FBI tying 130 cases to cryptocurrencies? Let us know in the comments section below.
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