The Internal Revenue Service (IRS) plans to send four agents who specialize in investigating cybercrime to Australia, Singapore, Colombia, and Germany starting this summer. These four new positions represent a significant increase in the IRS’s global efforts to fight cybercrimes, such as those involving cryptocurrency, decentralized finance and crypto laundering services. In the last several […]

“That was the only path through this darkness,” says U.S. prosecutor Zia Faruqui. “The darker the darknet gets, the way that you shine the light is following the money.” In “Tracers in the Dark,” Andy Greenberg, a senior writer at Wired, takes a historical look at what he calls Bitcoin’s “siren song: the promise of […]

A former Canadian government employee accused of carrying out dozens of ransomware attacks has been extradited to the United States, with more than $28 million in bitcoin seized in connection with the case. Sebastien Vachon-Desjardins, who worked as an IT consultant for Public Works and Government Services in Canada, according to his LinkedIn profile, was […]

Two days ago, about $1 billion worth of bitcoin that had sat dormant since the seizure of the Silk Road marketplace in 2013, one of the biggest underground drug websites on the dark web, suddenly changed hands. Who took it? Mystery over. It was the U.S. government. In a statement Thursday, the Justice Department confirmed […]