mayo 17, 2017 | Posted in:Blog

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, Bloomberg quoted him:

The instances’threat tagged’ to currencies encompass crimes like illegal drug sales, human trafficking, kidnapping and ransomware strikes.

Armstrong is in charge the publication noted.

While acknowledging that his agency»takes a neutral view on electronic tokens, he noted several advantages and disadvantages,» the news outlet conveyed and quoted him explaining that the FBI has noticed an increase in illegal activity facilitated by cryptocurrency payments. «There are thousands of cases in the bureau, so it is a small sliver at this time,» he elaborated and net bitcoin casino review.

Crypto Use on the Dark Web

According to Armstrong,»the opioid epidemic» has become a focus of the FBI since the agency sees»a surge in drug misuse,» allowed from the dark web. Moreover, he claimed that the agency has also»seen a substantial 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 agency cited,»Some of our criminal investigators face the challenge of identifying online pedophiles who conceal their crimes and identities behind layers of anonymizing technology, or drug traffickers using virtual currencies to obscure their transactions.»

On Monday, the House of Representatives passed a bill to help prevent the use of cryptocurrencies including bitcoinignition casino and bitcoin bitcoin casino how it works This bill shortly follows a testimony by a high-ranking official of the U.S. Secret Service before the House of Representatives Financial Services Subcommittee on Terrorism and Illicit Finance. He asked Congress for help in preventing the use of cryptocurrencies.

Furthermore, the U.S. Department of Justice announced Tuesday that it has seized»almost 2,000 bitcoins and other cryptocurrencies, with an approximate value of greater than $20 million,» in a nationwide undercover operation targeting darknet vendors.

What do you think of the FBI tying 130 instances to cryptocurrencies? Let us know in the comments section below.

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