Breaking


$4.5 million of crypto seized in FBI drug operation

Ledger Nano S - The secure hardware walletThe FBI has recently completed a major operation targeting drug dealers, with 61 arrests made. Operation SaboTor led to the seizure of around $4.5 million worth of cryptocurrencies as well as cash, weapons, and drugs.
The operation was carried out between January 11 and March 12, in conjunction with the DEA, Europol, and members of a number of other agencies. They were part of a team called the Joint Criminal Opioid and Darknet Enforcement (J-CODE), and the operation itself was named after the privacy-focused web browser Tor, which played a major part in the criminal suspects darknet-based drug dealing activities.
$4.5 million of crypto seized in FBI drug operation
It hasn't been revealed at this stage which cryptos were seized. Along with Bitcoin, privacy coin Monero (XMR) tends to be particularly popular for illicit activities due to its focus on anonymity. Along with the crypto, a further $2.48 million in cash was seized, as well as 300 kg of drugs and 51 firearms.
According to FBI Director Christopher Wray, "Criminals have always adopted innovations and new technologies to achieve their illicit goals, and it’s our job to adapt and remain ahead of the threat. Operation SaboTor demonstrates not only the strength of our partnerships across the U.S. government and abroad but how we’re able to capitalize on those partnerships to disrupt criminal activity, even when they try to hide it on the Darknet".

Ethereum Classic could improve security of Ethereum, says analyst

A leading Ethereum Classic (ETC) figure has claimed that the network could be useful for improving the security of the main Ethereum (ETH)...