Archive | law enforcement

Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M)

According to reports circulating on the web, the mining pool Nicehash was hacked today for allegedly 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen. Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges The Mining Pool […]

Police in UK Face Backlash Over Algorithm Used to Detain Suspects

While automation and technological innovation should be embraced rather than opposed, they are not foolproof solutions by any stretch of the imagination. Arresting criminal suspects based on information provided by a computer program is not acceptable. A UK human rights group has expressed concern over these practices, claiming that such systems are “advisory” rather than “necessary”. Police and Algorithm-based […]

U.S. Pressures BTC-e Exchange as They Plan to Distribute Funds Next Month

Last week the Russian bitcoin exchange, BTC-e, told the public about the trading platform’s plan to repay customers. Now the exchange is back and says there will be a full update come August 30 and the organization will follow with daily announcements. Further, BTC-e answered multiple questions from customers who want access to their funds. […]

After FBI Takedown: BTC-e Exchange Says They Still Possess Databases and Wallets

According to a new post on the forum Bitcointalk, the now defunct BTC-e exchange says it has control over some its servers and bitcoin wallets. At the moment, operators of the trading platform detail they are evaluating the balances. Also read: Segwit2x and the Tale of Three Bitcoins BTC-e Reveals They Are Assessing Wallets and Balances […]

One of the Largest Bitcoin Mixing Services Closes its Doors

On July 24 the operator of the website and bitcoin mixing service Bitmixer.io announced the operation is now ending its mixing services. Although many Bitcoiners assumed the closure was due to law enforcement pressure the owner insists it is due to a change in his ideology. Also read: What Every Bitcoiner Should Know About ‘Bitcoin […]

The Curious Cases of the ‘Alphabay Kingpin’ and Hansa Takedowns

This week we reported on the takedown of the two largest darknet markets on the deep web — Alphabay, and Hansa. Now reports further reveal how global law enforcement seized the alleged Alphabay administrator, Alexandre Cazes, as well as the internal investigation of the Hansa marketplace which collected data on more than 50,000 cryptocurrency transactions. […]

Hansa Marketplace was Controlled by Law Enforcement Agents Prior to Shutting it Down

The Hansa darknet marketplace has been shut down by law enforcement officials. This news comes as a big surprise, considering the AlphaBay platform disappeared not too long ago as well. These are troublesome times for darknet users, as law enforcement officials seemingly have their finger on the pulse of every marketplace in existence right now. […]