The FBI apprehends Darkweb operator dedicated to laundering Bitcoin

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The Federal Bureau of Investigation (FBI) has arrested the operator of an online black market for Darkweb-related activities. Known as “OxyMonster,” this operator went by the pseudonym Blake Benthall, and he was reportedly responsible for the online black market called “Silk Road 3.0” that was shut down late last year. Benthall was arrested in San Francisco and was charged with one count of conspiracy to commit narcotics trafficking, one count of conspiracy to commit computer hacking, and one count of money laundering conspiracy.

Darkweb operator Ross William Ulbricht (aka Dread Pirate Roberts) has been arrested on charges of money laundering, computer hacking, and conspiracy to traffic narcotics. The FBI said that they seized over 173,991 bitcoins that Ulbricht allegedly used for “illicit purposes.” The FBI also noted that the price of Bitcoin has dropped significantly since Ulbricht’s arrest, a drop they say is because of the arrest.

Summary of the situation

– Bitcoin Fog has raised more than $70 million over the past 10 years.
– Sterligov earned up to $8 million in transaction fees.

The FBI says Roman Sterling laundered about $336 million worth of bitcoins on the darknet. The FBI has arrested a Russian man who owned the largest bitcoin laundering service on the darknet. The operator transferred huge sums of money that made him a millionaire in no time.

According to some government documents, Sterling had operated Bitcoin Fog for 10 years as a trading shadow for cryptocurrencies. This service allowed users to discreetly send their BTC on the blockchain. How a hidden service broke Bitcoin’s hold.

This process worked to unbundle bitcoin into transactions and addresses. These bitcoins are then shuffled before a transaction is made. This system allowed Bitcoin Fog users to launder money by making secret transactions.

Bitcoin Fog even tweeted that it is a service that helps people hide the origin of their bitcoin income. This company was founded in 2011, according to the IRS until last week. This site is called Darknet’s Official Bitcoin Mix.

Bitcoin fogging


According to official records, Bitcoin Fog transferred over 1.2 million bitcoins worth $335.8 million. The Internal Revenue Service ruled in this case that the website supported illegal activities. Bitcoin Fog has proven to be very useful for the darknet, which is involved in drug trafficking, theft of goods and other illegal activities.

Although the owner of the site remained anonymous, the FBI was able to trace the developer. This system, used by the government, can also be useful in detecting other potentially dangerous users. If a user can create multiple Bitcoin addresses to hide their identity, there is still a vulnerability.

The agents responsible used marketing services to analyze the blockchain and locate users. This method allowed the FBI to arrest Bitcoin Fog users, as required by law.

Bitcoin lacks return in 10 years

According to these court documents, Bitcoin Fog charged a commission of 2 to 2.5 percent per transaction. Sterling earned $8 million in commissions, according to company records. Since its inception, the BTC rise Bitcoin Fog has potentially raised over $70 million.

Roman Sterlingov has been charged in Washington with money laundering and trading bitcoins without a license. Sterling will likely spend many years in prison for these crimes.

The FBI continues its hunt for potentially dangerous Bitcoin Fog agents. The offer page is no longer functional and has been blocked for these domains.

This source has been very much helpful in doing our research. Read more about new cryptocurrency and let us know what you think.

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