FBI Reports $5.6 Billion Loss to Crypto Scams in 2023, Marking a 45% Increase
Americans were swindled out of more than $5.6 billion in cryptocurrency scams last year, according to a new FBI report.
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DOJ Recovers $2.3M Worth of Cryptocurrency Paid in Ransom in Pipeline Hack
The Justice Department seized more than $2.3 million worth of cryptocurrency that was used as a ransom payment to hackers who targeted the Colonial Pipeline in a cyber attack last month.
Former Secret Service Agent Who Stole Bitcoins During Probe Sentenced to 6 Years in Prison
A former Secret Service agent who illegally accessed the now-defunct Silk Road website and stealing bitcoin was sentenced Monday to nearly six years in prison and ordered to pay $1 million for the siphoned currency.
Former Secret Service Agent Pleads Guilty to Stealing $820K Worth of Bitcoin During Silk Road Probe
A former Secret Service agent accused of pocketing $820,000 worth of Bitcoin money while investigating the Silk Road online drug marketplace has pleaded guilty to money laundering and obstruction of justice.
Ex-Secret Service Agent Pleads Guilty to Stealing 820K from Silk Road Seizure
By Steve Neavling ticklethewire.com A former Secret Service agent has pleaded guilty to stealing hundreds of thousands of dollars worth of bitcoin during an investigation of Silk Road, the Examiner.com reports. The former agent, Shaun W. Bridges, was accused of skimming $820,000 from the Silk Road seizure and was charged. The computer crime expert was…
Federal Agents Charged with Stealing Bitcoins While Investigating Website
By Steve Neavling ticklethewire.com Two former federal agents are accused of stealing bitcoins while investigating the online drug marketplace Silk Road. The Huffington Post reports that Carl Force, 46, a former DEA special agent, and Shaun Bridges, 32, an ex-special agent with the Secret Service, were arrested and charged, the Justice Department announced Monday. Force…
U.S. Plans to Auction Off Nearly 30,000 Bitcoins Seized in Crackdown on Online Marketplace for Illicit Drugs
Steve Neavling ticklethewire.com The U.S. government plans to unload nearly 30,000 bitcoins – valued at $17.3 million – during an auction later this month after seizing the currency as part of an FBI crackdown last year on an illicit online marketplace for drugs, the Wall Street Journal reports. Some of the bitcoins seized from Silk Road …
How Authorities Tracked Down Alleged ‘Silk Road’ Founder
Steve Neavling ticklethewire.com Authorities knew him as the “Dread Pirate Roberts” and the founder of the largest online marketplace for illegal drugs. His sophisticated site, called Silk Road, made it nearly impossible for authorities to trace him or the users because of an encryption network and digital currency called “bitcoin.” But FBI agents finally tracked…
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