{"id":279828,"date":"2017-07-26T10:07:58","date_gmt":"2017-07-26T14:07:58","guid":{"rendered":"http:\/\/www.prime-wow.com\/?p=279828"},"modified":"2017-07-26T10:07:58","modified_gmt":"2017-07-26T14:07:58","slug":"officials-arrest-suspect-in-4-billion-bitcoin-money-laundering-scheme","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=279828","title":{"rendered":"Officials arrest suspect in $4 billion Bitcoin money laundering scheme"},"content":{"rendered":"
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Police in Greece have arrested a man wanted in the United States for allegedly running a massive Bitcoin-based money laundering operation, according to the Associated Press<\/a>. Authorities say the\u00a038-year-old Russian man was responsible for converting $4 billion in illicit, conventional cash into virtual currency.<\/p>\n

The suspect\u00a0hasn’t been publicly named, but Reuters got\u00a0a picture<\/a> of him being arrested. According to Reuters, he\u00a0was arrested in the “Greek region of Chalkidiki on Monday on a US warrant.”<\/p>\n

The news is a reminder that\u2014like ordinary cash\u2014Bitcoin has a wide variety of uses, both\u00a0legitimate\u00a0and illicit. Bitcoin boosters like to focus on potential applications like international remittances, micropayments, and conventional retail sales. But Bitcoin has become the payment network of choice for “dark web” markets for drugs and other illicit merchandise, from the original Silk Road\u2014shut down in 2014<\/a>\u2014to the recently-busted Alphabay<\/a>.<\/p>\n<\/div>\n

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\nSource: Ars Technica – Officials arrest suspect in billion Bitcoin money laundering scheme<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(credit: fdecomite) Police in Greece have arrested a man wanted in the United States for allegedly running a massive Bitcoin-based money laundering operation, according to the Associated Press. Authorities say the\u00a038-year-old Russian man was responsible for converting $4 billion in … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":279829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-279828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/279828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=279828"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/279828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/279829"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=279828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=279828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=279828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}