Topic: BitInstant CEO arrested by FBI - page 3. (Read 6714 times)
>0%, while <0 fucks are given about the legal distinction, because all the BTC is going to be auctioned off in a completely above-board, non-crony fashion according to BurtW.
And all the people on SR who had nothing to do with trading drugs or any other "illegal" thing will be persecuted as "guilty by association", because GBA's not indefensible bullshit, at all!
Remind me - what % of stuff sold on SR wasn't "illegal drugs"?
And all the people on SR who had nothing to do with trading drugs or any other "illegal" thing will be persecuted as "guilty by association", because GBA's not indefensible bullshit, at all!
Man, seems like there is always something shady going on.
I bet this is the tip of the Silk Road iceberg. Take down the main man, pressure him to name names, the rest will be an ugly mess for a few years to come. Charlie Shrem won't be the last big name in the bitcoin community to be arrested. The Feds love breaking up drug rings, good for their resumes. And SR was about an easy target as you could imagine. People using SR got told BTC was totally anonymous lol
Man, seems like there is always something shady going on.
BTCking claimed that selling btc for cash is legal, if you read the complaint
So why should he have used PGP et cetera?
Was there any Fincen directive in 2012, saying that it isn't? No.
http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html
Of course he could not know that 2 years later the rules were changed retrospectively
In 1932 owning gold was legal and in 1933 it was made illegal, bad for you if you bought gold and your name was on the jeweler's client list
So why should he have used PGP et cetera?
Was there any Fincen directive in 2012, saying that it isn't? No.
http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html
Of course he could not know that 2 years later the rules were changed retrospectively
In 1932 owning gold was legal and in 1933 it was made illegal, bad for you if you bought gold and your name was on the jeweler's client list
The FBI has read his (unencrypted) inbox. I think you might find a lot of talk in there about stuff other than just "selling btc for cash". Just a guess
Nobody has said selling Bitcoins for cash is illegal. It might help if you stopped making stuff up and actually read the complaint.
A complaint, by definition, is made up stuff
Even if true, nobody has still claimed selling Bitcoins for cash is illegal. Even in the "made up complaint" that was never stated.
so the CEO got arrested for supplying BTC to someone who does legal cash sales?
I don't get it.Fincen directive is from 2013 in case you haven't noticed. Before March 2013 Fincen stuff was not applicable to crypto, was it?
But I give up you got more time than me - you win - whatever you say.
Nobody has said selling Bitcoins for cash is illegal. It might help if you stopped making stuff up and actually read the complaint.
A complaint, by definition, is made up stuff
Even if true, nobody has still claimed selling Bitcoins for cash is illegal. Even in the "made up complaint" that was never stated.
Nobody has said selling Bitcoins for cash is illegal. It might help if you stopped making stuff up and actually read the complaint.
A complaint, by definition, is made up stuff
Even if true, nobody has still claimed selling Bitcoins for cash is illegal. Even in the "made up complaint" that was never stated.
Nobody has said selling Bitcoins for cash is illegal. It might help if you stopped making stuff up and actually read the complaint.
A complaint, by definition, is stuff made up (and so are laws, except the laws of physics)
Just that the entity making it up, has lots of firepower.
Nobody has said selling Bitcoins for cash is illegal. It might help if you stopped making stuff up and actually read the complaint.
BTCking claimed that selling btc for cash is legal, if you read the complaint
So why should he have used PGP et cetera?
Was there any Fincen directive in 2012, saying that it isn't? No.
http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html
Of course he could not know that 2 years later the rules were changed retrospectively
In 1932 owning gold was legal and in 1933 it was made illegal, bad for you if you bought gold and your name was on the jeweler's client list
So why should he have used PGP et cetera?
Was there any Fincen directive in 2012, saying that it isn't? No.
http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html
Of course he could not know that 2 years later the rules were changed retrospectively
In 1932 owning gold was legal and in 1933 it was made illegal, bad for you if you bought gold and your name was on the jeweler's client list
Ah right. Thx for info. Amazingly simple. Not even using encrypted email. That really isn't very smart.
Dooh, how many people actually are willing and able to use PGP? People who cannot buy bitcoins themselves and need BTCking? And even PGP leaves trace who is communicating.Lots of people use encrypted email. Particularly advisable if you are laundering drug money.
Or exercising any civil liberty whatsoever (they're all "illegal").
Ah right. Thx for info. Amazingly simple. Not even using encrypted email. That really isn't very smart.
Dooh, how many people actually are willing and able to use PGP? People who cannot buy bitcoins themselves and need BTCking? And even PGP leaves trace who is communicating.Lots of people use encrypted email. Particularly advisable if you are laundering drug money.
Ah right. Thx for info. Amazingly simple. Not even using encrypted email. That really isn't very smart.
Dooh, how many people actually are willing and able to use PGP? People who cannot buy bitcoins themselves and need BTCking? And even PGP leaves trace who is communicating.
Ah right. Thx for info. Amazingly simple. Not even using encrypted email. That really isn't very smart.
FBI is data mining the blockchain, since the blockchain was never designed for anonymity they can get a lot of information. Also this arrests means few things:
- FBI has informants
- FBI has good programmers working on the Bitcoin
- They most likely already have a copy of all major bitcoin websites
If you read the complaint, all they did was buy bitcoins off the SR vendor.
That led them to his email "BTCking@safe-mail"
Since safe-mail is not safe, nor encrypted, the feds obtained his entire inbox
Nothing was deleted or encrypted so every single email Shrem sent to this guy was sitting there waiting for the FBI.
No magic FBIz blockchain mining or informants were needed. Seize email inbox, read emails.
So he was a vendor at SR? The report I read said he was a "buyer". A vendor makes much more sense of course.
Very interesting that the FBI just happened to "hit upon" one of the big players in bitcoin though. Makes me think:
1) They have details of lots of SR sellers, and are starting with the "big fish".
2) There are lots more arrests to come
He was the top BTC vendor on SR for selling coins. All the feds had to do was make an order and ask trustcash (payment processor) who's email address was used to sign up for the service, then seize the inbox and read all the unencrypted Shrem laundering emails. BTCKing apparently used his profits to get high out of his gourd on SR narcotics which is probably why he was so sloppy and prone to clusterfuckness
FBI is data mining the blockchain, since the blockchain was never designed for anonymity they can get a lot of information. Also this arrests means few things:
- FBI has informants
- FBI has good programmers working on the Bitcoin
- They most likely already have a copy of all major bitcoin websites
If you read the complaint, all they did was buy bitcoins off the SR vendor.
That led them to his email "BTCking@safe-mail"
Since safe-mail is not safe, nor encrypted, the feds obtained his entire inbox
Nothing was deleted or encrypted so every single email Shrem sent to this guy was sitting there waiting for the FBI.
No magic FBIz blockchain mining or informants were needed. Seize email inbox, read emails.
So he was a vendor at SR? The report I read said he was a "buyer". A vendor makes much more sense of course.
Very interesting that the FBI just happened to "hit upon" one of the big players in bitcoin though. Makes me think:
1) They have details of lots of SR sellers, and are starting with the "big fish".
2) There are lots more arrests to come
FBI is data mining the blockchain, since the blockchain was never designed for anonymity they can get a lot of information. Also this arrests means few things:
- FBI has informants
- FBI has good programmers working on the Bitcoin
- They most likely already have a copy of all major bitcoin websites
If you read the complaint, all they did was buy bitcoins off the SR vendor.
That led them to his email "BTCking@safe-mail"
Since safe-mail is not safe, nor encrypted, the feds obtained his entire inbox
Nothing was deleted or encrypted so every single email Shrem sent to this guy was sitting there waiting for the FBI.
No magic FBIz blockchain mining or informants were needed. Seize email inbox, read emails.
wow - Charlie Shrem was a "player" on Silk Road? Wonders never cease. Who's next on the list of bitcoiners that were into SR and hope they never get found out?
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