Jul 23, · Nearly six years later, an Ohio man was arrested Thursday on charges of trying to launder more than $19 million worth of bitcoin he allegedly earned via drug deals on Silk feuerwehr-matzenbach.de: Tom Huddleston. Apr 13, · Being the masterminds behind the latest Bitcoin scandal. That is if you consider what the two men did to be a "scandal". According to the reports, Mr. Pang Joon Hau flew from Malaysia to Singapore solely to purchase Bitcoins. Not only that, Mr. Pang flew to Singapore expressly to purchase Bitcoins with cash. $, to be exact. Dec 16, · Bitcoin may have a tough time getting out from under the fallout from one of the biggest cryptocurrency scams ever, according to researcher Chainalysis Inc.
Scandal bitcoinLatest Bitcoin Scandal | What Happened in Singapore?
Can you profit during a Market Correction? Bitcoin price fell by 9. Much of the reversal in fortunes is possibly tied to the upcoming Bitcoin halvening event. Read Bitcoin News Bitcoin Slumps as Crude Oil Crashes Apr 21, Ankit Singhania Over the years, it became accepted wisdom that Bitcoin was a store of value, and that it could work as a hedge against market fluctuations.
However, this has not turned out to be the case …. Many people and regulatory agencies are unsure of what to do with crypto, stalling its adoption. California has made some significant …. Even as the world has moved to fiat currency, governments and investors alike still look to gold as a reliable alternative.
Given recent …. Bitcoin halving events usually occur every four years, and the first and the second events took place in and , respectively. Since …. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target. Join Our Community.
Can you imagine traveling to a different country solely with the purpose of buying something? The man went to Singapore with the intention of purchasing a wad of Bitcoins, and instead, he found himself at the center of the latest Bitcoin scandal. The Latest Bitcoin Scandal On Thursday, reports surfaced from various local mediums which stated that two men were arrested in Singapore.
The charges? Being the masterminds behind the latest Bitcoin scandal. That is if you consider what the two men did to be a "scandal". According to the reports, Mr. Not only that, Mr. But that's not the end of the story. The federal government alleges that Hugh Brian Haney of Columbus, Ohio, was "involved in large-scale narcotics trafficking on Silk Road" during a period when Homeland Security Investigations agents were monitoring it in and Ulbricht, who operated on the site under the pseudonym "Dread Pirate Roberts," later claimed he wanted to create a "freewheeling, free market site," where users could buy and sell anything they wanted.
According to the government, "several thousand drug dealers" used Silk Road to sell drugs and other illegal products to over , anonymous buyers and to launder hundreds of millions of dollars earned from those illegal sales.
Berman, the U. Attorney for the Southern District of New York. The government alleges that between November and February , Haney earned millions of dollars worth of bitcoin from transactions involving illegal narcotics, including OxyContin, ketamine and fentanyl. Haney told the exchange company that he had earned the bitcoin through his own "mining" of the cryptocurrency, according to the government.
Federal agents subsequently seized that cash from Haney's bank account. He is charged with one count each of concealment money laundering and engaging in a financial transaction using illegally obtained funds.