Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time

Plea Bargain Shows Silk Road 2 Admin Will Likely See No Prison TimeFollowing 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 taxes. The news of the two SR2 admins’ sentences […]

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Chaos Reigns as Darknet Markets are Downed

Chaos and Conflicting Stories as Darknet Markets are DownedIn the last 72 hours, numerous darknet markets (DNMs) have been downed in a concerted DDoS attack. Meanwhile, Europol has been crowing over its success in toppling two markets that were already known to be stricken, Wall Street and Valhalla. As the dust settles, darknet users have been trying to separate FUD from fact. Also […]

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Silk Road 2 Founder Finally Sentenced 5 Years After His Arrest

Silk Road 2 Founder Finally Sentenced After His Arrest in 2014Immediately after the Silk Road was taken down in 2013, a marketplace known as the Silk Road 2 launched. The new darknet market was run by a person who called himself the Dread Pirate Roberts 2 and he was arrested a few months later in November 2014. However, privacy advocate Thomas White, otherwise known as […]

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Wikileaks Bitcoin Donations Soar Following Assange Arrest

Wikileaks' Bitcoin Donations Soar After Arrest of AssangeWikileaks’ bitcoin address has received a deluge of support following founding editor Julian Assange’s arrest. Donations have reached nearly $32,000 on Friday, 60% more than was raised the day before, when Assange was taken into custody. Also read: How Traditional Stock Markets Can Help Mainstream Cryptocurrency BTC Donations Reach $32,000 More than 6.3 BTC worth […]

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Auscoin Exchange Suspended After Arrest of Sam Karagiozis

27-year-old Sam Karagiozis has been named as the individual arrested on March 7 following raids carried out by the Australian Transactions Reports and Analysis Centre (AUSTRAC) and Australian Federal Police. The arrest resulted in the suspension of the licenses of two cryptocurrency exchanges that Karagiozis is involved with including his controversial nationwide cryptocurrency ATM network, […]

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Two Australian Crypto Exchange Licenses Suspended Following Arrest

Two Australian Crypto Exchanges' Licenses Suspended Following ArrestTwo Australian cryptocurrency exchanges have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following raids conducted by the Australian Federal Police in Melbourne. The raids resulted in the arrest of a 27-year-old who has been described as a “key member” of both exchanges. Also Read: P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela […]

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Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’

On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov […]

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In the Daily: Coinhive Closedown, Eos Heist, Crypto Entrepreneur Arrested

In the Daily: Coinhive Closedown, Eos Heist, Crypto Entrepreneur ArrestedIn this edition of The Daily, the creator of the in-browser crypto mining software Coinhive is closing down due to the low prices of monero and its forks. Also, $7.7 million of Eos has been stolen by a hacker and the crypto entrepreneur behind the money-throwing stunt in Hong Kong last year has been arrested […]

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Taiwanese Police Arrest Miner Accused of Stealing Millions in Power

Taiwanese Police Arrest Miner Accused of Stealing Millions in PowerA man with the Surname of Yang has been accused of stealing 100 million Taiwanese dollars (nearly $3.25 million) worth of electricity to mine cryptocurrencies. Yang is suspected of stealing power from 17 different stores in Northern Taiwan to fuel his mining operations. Also Read: The Daily: UFC 232 to Have Official Crypto Partner, 5% of […]

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CEO of Romanian Exchange Coinflux Arrested on US Warrant

CEO of Romanian Exchange Coinflux Arrested on US WarrantPolice in Romania have detained the founder and CEO of Coinflux, one of the country’s major cryptocurrency exchanges. Vlad Nistor has been arrested on a warrant issued by U.S. authorities accusing him of a number of crimes, including the defrauding of American citizens. A court in Bucharest is currently reviewing the extradition request. Also read: […]

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