Author

Topic: Florida Bitcoin Case Tests Money Laundering Limits (Read 827 times)

legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
whatever, bitcoin is the biggest ponzi in history with satoshi having instamined 10% of all of it
He did not instamine. He premined about 450 BTC, and then released bitcoin. He kept a miner running to keep the network alive because otherwise bitcoin would have nobody to process transactions. Once the network could keep itself functional, he vanished, and none of his coins have ever moved, except about BTC32, which he sent when bitcoin was worth exactly $0 in 2009.
hero member
Activity: 672
Merit: 500
whatever, bitcoin is the biggest ponzi in history with satoshi having instamined 10% of all of it
sr. member
Activity: 404
Merit: 253
I can't believe the community hasn't had more to say about this. Basically the cops set these guys up with a false back story to convict them of money laundering simply for selling bitcoins!
legendary
Activity: 1258
Merit: 1027
Florida Bitcoin Case Tests Money Laundering Limits

http://abcnews.go.com/US/wireStory/fla-bitcoin-case-tests-money-laundering-limits-23256088

Quote
undercover officers with the U.S. Secret Service and Miami Beach police told both clearly that they wanted to buy bitcoins with cash supposedly generated by the hacking of Target Corp. customer information. The undercover officers said during the secretly videotaped meetings that they planned to use the bitcoins to acquire still more stolen credit cards.
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