Nearly 1 Million BTC Held By Cybercriminals

Nearly 1 Million BTC Held By Cybercriminals
фото показано с : zycrypto.com

2020-7-28 12:24

People who are not so familiar with Bitcoin and the cryptocurrency world often associate the digital assets with crime. They see headlines about drug dealers, gun-runners, and money launderers using BTC or some other cryptocurrency and assume it was all to aid the criminal actions. When Bitcoin first reached, most people were in the wake of the Silk Road case breaking. So a huge portion of the public learned about Bitcoin through crime tales.

Plus within the crypto community itself, scammers are prevalent and often pose as celebrities and other prominent figures to trick people into sending them funds for nothing.

And we are only weeks removed from one of the most famous hacks of all time where some scammers took control of notable Twitter accounts and tricked a bunch of people into sending them Bitcoin. The scammers only made off with a relatively modest amount, but it still reinforced the idea that bitcoin is used for crime. 

Even after these infamous scams are exposed, there are always more unwitting victims to be had. And they are willing to spend a lot.

The blockchain analysts, @Whale_alert just informed us that another sizable chunk of BTC was lost to scammers even in the wake of the 2020 Twitter Bitcoin Scam.

“A payment of 4.73 #BTC  (47,138 USD) was just made to a confirmed Fake Giveaway scam!”

Chainalysis did a study to figure out just how much BTC is held by these criminals and scammers. The study determined that darknet criminals now have almost 1 million BTC.

Via Chainalysis

The holdings are broken down between several major groups. The 3 largest being, Illicit markets which hold 585,000 BTC, scams that have made off with 99,000 BTC and stolen funds which add up to 205,000 BTC. All in all, Chainalysis estimates that 892,000 BTC has been through the hands of these bad actors.

Usually, the destination for these coins is crypto exchanges. Criminals have shown the ability to quickly move funds through exchanges even while the scam is still live and piling up more money. 

The fact that stolen funds and BTC used to aid crimes are quickly moved through exchanges bolsters the argument for stricter KYC laws and practices. Exchanges could be pressured to use much more stringent on-ramp processes. However, many Bitcoin purists remain steadfastly against such stipulations. 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.00379 (-100%)

cryptocurrency btc using launderers money drug dealers

Источник: zycrypto.com

cryptocurrency btc → Результатов: 126


Фото:

The $24,000 BTC Bullseye: Is Bitcoin Headed For A Summer Swoon?

Bitcoin (BTC) has been on a rollercoaster ride for weeks. However, the largest cryptocurrency in the market seems poised to breach the $30,000 mark again if it continues its bullish momentum. Nevertheless, cryptocurrency experts are eyeing a key technical price level that could signal further volatility for the world’s most popular cryptocurrency.

2023-6-2 20:00


Whale Transfers Bitcoin Worth $10 Million to Bitstamp; Dump Incoming?

Bitcoins worth $10 million dollars have been transferred to the cryptocurrency exchange Bitstamp from an unknown wallet address. Will BTC dump again?  Just two days after Bitcoin’s biggest crash in over 10 months, falling from a value of around $7200 per BTC to under $5500 where it currently resides, a huge transfer of the cryptocurrency has taken place today.

2020-3-14 19:04


Аналитик Weiss Ratings: скоро наступит лучшее время для покупки биткоина

В ближайшее время биткоин ждет коррекция, после чего он продемонстрирует уверенный рост. В этом уверен главный криптовалютный аналитик рейтингового агентства Weiss Ratings Хуан Виллаверде. Our chief crypto analyst Juan Villaverde predicts: Bitcoin correction and the best buying opportunity since 2015 are upon us.

2019-5-24 16:55


Фото:

Tim Draper: Bitcoin Presents Enticing Proposition for Investors Bored with Over-regulated Public Market

Billionaire venture capitalist Tim Draper says lack of “exciting” volatility in the initial public offering (IPO) market could see an influx of investors to bitcoin (BTC) and other cryptocurrencies. Speaking to CNBC, Draper also echoed the familiar sentiment of cryptocurrency and blockchain technology being akin to the early days of the Internet era.

2019-5-24 15:00


No, Bulgaria Did Not HODL Bitcoin Worth $1.6B, Finance Minister Claimed

The curious case of Bulgaria’s alleged hoard of 200,000 bitcoins resurfaced again this week as sources claimed the Balkan country was HODLing cryptocurrency. Report: Bulgaria Sold All Its BTC Seemingly referencing a press release from May 2017, TrustNodes led the renewed media interest in a story about how Bulgarian authorities confiscated the BTC after taking down an unknown criminal operation.

2019-5-24 14:00


Bitcoin’s [BTC] current performance shows that it is a great diversifying asset, says Morgan Creek’s CIO

The phenomenal rise in Bitcoin’s [BTC] price has excited the cryptocurrency market, with many speculating that the end of the prolonged bear market is near. Many proponents in the cryptocurrency space have also voiced their opinion about how positive fluctuations in the world of digital assets have actually enabled them to outperform the best of […] The post Bitcoin’s [BTC] current performance shows that it is a great diversifying asset, says Morgan Creek’s CIO appeared first on AMBCrypto.

2019-5-23 16:00


Фото:

BTC Bull Run Speculations: Brian Kelly Says Now Is a Good Time to Buy Bitcoin

With Bitcoin surging nearly 50% month-on-month, speculations are rife in the crypto community about the likely causes fueling this rally. While some experts are of the view that the looming US-China trade war might have added to Bitcoin’s charm as a hedge, Brian Kelly, the founder, and CEO of digital currency investment firm BKCM LLC, […] BTC Bull Run Speculations: Brian Kelly Says Now Is a Good Time to Buy Bitcoin was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-23 15:39


Bitcoin Cash’s [BCH] Roger Ver: Kudos to those who hijacked original BTC and made it expensive, complicated

Proponents in the cryptocurrency space have made it a point to push for the mainstream adoption of digital assets. One such proponent is Bitcoin.com’s Chief Executive Officer Roger Ver. In a recent podcast, Ver touched upon the reasons why Bitcoin Cash [BCH] was better than the current version of Bitcoin [BTC], while at the same […] The post Bitcoin Cash’s [BCH] Roger Ver: Kudos to those who hijacked original BTC and made it expensive, complicated appeared first on AMBCrypto.

2019-5-23 23:30


Bitcoin [BTC] and its associated initiatives are super impactful in Venezuela, says Open Money Initiative Co-founder

The use of cryptocurrencies for mainstream, practical purposes has always been the aim of a lot of the proponents in the digital assets space. In a recent podcast with Peter McCormack, the panelists discussed the use of Bitcoin [BTC], the world’s largest cryptocurrency, in the flailing economy of Venezuela.

2019-5-22 20:30


Фото:

Bitcoin Pizza Day: How a hungry Florida man made cryptocurrency history

Nine years ago today, the first ever Bitcoin transaction for a consumer product took place after a Florida man spent 10,000 BTC on two pizzas. Since then, cryptocurrency enthusiasts across the globe have celebrated ‘Bitcoin Pizza Day,’ not because the man in question paid 10,000 BTC, but because at the time said transaction represented a milestone for Bitcoin adoption.

2019-5-22 16:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru