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Ethereum Proponent Virgil Griffith Deemed a Flight Risk, Judge Denies Bail
30.12.2019
U.S. law enforcement filed in November criminal charges against Ethereum researcher Virgil Griffith because he traveled to North Korea and taught “his audience how to use blockchain technology.” Griffith was arrested on Thanksgiving Day and has been forced to remain in prison the whole...
Ross Ulbricht Uses Elliot Waves to Predict Bitcoin’s Trajectory From Behind Bars
11.12.2019
Ross Ulbricht, serving life without parole for allegedly running the Silk Road marketplace, hasn’t allowed his detention to deprive him from monitoring bitcoin’s price action. In a new blog series titled Bitcoin by Ross, Ulbricht reveals that he is closely attuned to BTC’s price...
Cryptojacking Malware Devs Sentenced to 20 Years in Prison
9.12.2019
Two members of Romanian hacker gang Bayrob Group were sentenced to two decades in prison after their malware mined crypto on 400,000 infected computers
Ethereum Developer Facing up to 20 Years in Prison Gets Top Lawyer
3.12.2019
36-year old Ethereum (ETH) developer Virgil Griffith, who's facing up to 20 years in prison for allegedly helping North Korea avoid sanctions, is now represented by Brian Klein, high-stakes trial attorney and partner at Los Angeles-Based law firm Baker Marquart.
Brian Klein. "I now represent...
Brooklyn ICO Promoter Sentenced to 18 Months in Federal Prison
18.11.2019
The fraudster used diamonds and real estate to whisk away $300,000 in other people's money in 2017
South Korean Exchange CEO Sentenced to 16 Years in Prison
13.11.2019
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within...
Jailed Deepdotweb Admin Denies Earning $15M From Darknet Links
12.11.2019
In an interview from prison, one of Deepdotweb’s operators has disputed the $15 million allegedly made from “illegal” referral links, claiming “There was no such amount.” Currently on remand in France, Israeli citizen Tal Prihar stands accused of directing visitors...
Lyn Ulbricht Speaks Out Against Unfair Silk Road Sentencing, Facebook and Government Hypocrisy
25.10.2019
U.S. representative Ann Wagner noted at a recent hearing that child pornographic material has been reported on Facebook more than any other site. Lyn Ulbricht, mother of currently imprisoned Silk Road founder Ross Ulbricht, spoke out in a video livestream Wednesday against her son’s unfair...
200,000 People Have Signed Ross Ulbricht’s Clemency Petition
4.10.2019
Ross Ulbricht is forced to spend the rest of his life in prison, and October 1 marked the beginning of his seventh year behind bars. Ulbricht has recently authored a letter explaining that he’s “forgotten what freedom actually feels like” and he’s also realized that he lost...
‘We’re Going to Find You’ – How Undercover Agents Trade Prison Time for Bitcoins
2.9.2019
An Australian national living in Boulder, Colorado was slammed with a one year and a day prison sentence last month for trading bitcoins. An August 23 statement from the Colorado U.S. District Attorney’s Office states that Emilio Testa, 32, was charged with money laundering, and claims Testa...
Drug Dealers Who Used Crypto Sentenced to Prison
28.8.2019
Five drug dealers who used cryptocurrencies to launder their funds were sentenced to varying jail terms on Monday
Bitcoin History Part 15: Silk Road Is Born
18.8.2019
Silk Road launched in February 2011 as the darknet’s first bitcoin-based marketplace. Within four months, it would be the darknet’s most notorious site whose reputation extended all the way to the U.S. Senate. The origins of the drugs marketplace can be traced back further, however,...
How Government Agencies Make Criminals of Crypto Traders
26.7.2019
A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face...
CEO of BitFunder Exchange Gets 14 Months in Prison for Fraud, Obstruction
12.7.2019
The operator of BitFunder and WeExchange will serve 14 months in prison after defrauding investors and misrepresenting a hack
Federal Judge Sentences Cryptocurrency Scammer to 86 Months in Prison
1.7.2019
A scammer who grossly misrepresented the price of the ATMCoin token has been hit by a federal judge with an 86-month prison sentence
Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders
29.6.2019
Forced to spend the rest of his days in a cage, Ross Ulbricht has recounted his situation in a letter, which explains how he’s spent more than 2,096 days in a U.S. federal penitentiary for running a website. Also Read: Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access...
Mixing Service Bitcoin Blender Quits After Bestmixer Takedown
1.6.2019
On May 27, cryptocurrency supporters learned that the anonymous BTC mixer Bitcoin Blender would be shutting down. The news follows the recent closure of Bestmixer.io after it was seized by global law enforcement. Also read: Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time Bitcoin...
Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time
1.6.2019
Following the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding...
Australian Man Mined Bitcoin From Government Computers; Can Face Prison For 10 Years
22.5.2019
The increasing interest of people in Bitcoin is not surprising given the global popularity the #1 cryptocurrency enjoys. An Australian man based in Sydney, however, took his love for Bitcoin mining to another level. He tweaked the government IT systems to utilize them for Bitcoin mining...