Everything has positive and negative sides, and Bitcoin is
no exception. As briefly stated in my first entry, Bitcoin allows secure, fast,
anonymous transaction, which can also be misused with bad intentions. The
followings are summaries of crimes which are related with Bitcoin.
·
Charlie Shrem was CEO of Bitcoin Exchange
Company. He was sentenced 2 years of prison cooperating with the person who
funded for illegal activities.
·
2 largest banks in Hong Kong, China, were
cyber-attacked and the criminals who led such attack demanded Bitcoin.
·
Justin Moreira was arrested for an attempt to
buy $2500 firearm using Bitcoin. Luckily, he was caught by Federal agents’
sting operation.
·
Bryan Micon was prosecuted with crimes for
running an unlicensed gambling business with Bitcoin.
For more detailed information of the crimes, click here.
Very interesting to learn of a darker side to bitcoin. I feel this post effecitively ances out the pros and cons, and undercurrent that can develop with monetary policy. Isn't it interesting that no mater what form of currency is in circulation, humans will find a way to manupulate it, or use it for illicite activities? I like this post a lot in the sense that it offers the 'other' side to Bitcoin...a darker side.
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