Search Results for "drug ring"
IBM, KPMG, Walmart, Merck Reveal Results of FDA Blockchain Drug Tracing Pilot
IBM, KPMG, Walmart, and Merck’s blockchain pilot in drug-tracing has successfully exceeded the US Food and Drug Administration’s (FDA) benchmarks. The pilot program aimed to encourage new technologies to be used in the pharmaceutical supply chain. Blockchain was used as a shared record movement of pharmaceutical drugs through the supply chain, which resulted in improved efficiency. Recalls were proven to be done in just seconds, rather than in days, as blockchain offers traceability.
Ireland's CAB Seizes Bitcoin Worth €52 Million from Drug Dealer
Ireland’s Criminal Assets Bureau (CAB) has been given the go-ahead by the high court to seize Bitcoin valued at €52 million, approximately $56 million USD, from a forty-nine-year-old drug dealer.
White House Cracks Down on Cryptos Used for Purchasing Illicit Drugs
The White House issued two advisories on illicit drug purchases in the United States on Wednesday, referencing the role of cryptocurrencies allegedly used in these transactions.
Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation
The Australian Border Force (ABF), the Western Australian Police Force announced that the team has arrested a 27-year-old man and a 25-year-old woman over drug probe, seizing and frozen an incredible amount of 1.5 million worth of cryptocurrency found in the electronic device held by the culprits.
Venezuelan President Maduro Leveraged Cryptocurrency to Conceal Drug Ring Transactions According to US DOJ
Venezuelan President Maduro and 14 other high-ranking Venezuelan officials have been charged for their alleged involvement in a multibillion-dollar cocaine trafficking ring that the the DOJ claimed wreaked havoc on American communities by flooding the markets with cocaine for over 20 years. According to Homeland Security Investigations (HSI), the Venezuelan officials had leveraged cryptocurrency in an attempt to mask their money trail on their alleged crimes
Nobel Prize Winner Milton Friedman, Satoshi Nakamoto and Bitcoin
Nobel Prize Winner Milton Friedman, Satoshi Nakamoto and Bitcoin
Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC
Recently, a Bitcoin sex scam that has been running since 2015 accumulated fraudulent funds of approximately $115,000 before being detected.
Bitcoin and Anonymous Tokens Used in Illicit Child Porn Activities—Crackdown by Spanish Authorities
According to a recent report by Guardia Civil, Spanish authorities arrested several individuals involved in illicit crypto-driven child porn activities. Within the Kiru criminal operation ring, a man was detained for abusing his stepdaughter and using her to generate content for an illegal child porn website. Digital payouts were then made to an offshore account.
Woman Arrested for Bitcoin Murder-for-Hire Deal with Dark Web
A Nevada woman has been charged with a murder attempt in which she paid a hitman Bitcoin in exchange for killing off her ex-husband.
Bitcoins Used in Facebook Scheme to Scam Suicidal Victims Into Buying Drugs
A cybercriminal ring operation has been inciting Facebook users to employ Bitcoin and other cryptocurrencies, in exchange for drugs. This investigative report from the UK depicts the strategic techniques used to track down the unknown villains operating behind this devious scheme.
Russian Banking Giant Sberbank to Tokenize Financial Assets Using Stablecoins
Sberbank, Russia’s biggest bank, has disclosed the possibility of issuing tokens to be utilized in digital financial assets (DFA) settlements. The token will be in the form of a stablecoin to be pegged to the nation’s currency, the Russian ruble.
Think Tank Releases Report on the Blockchain-Based Genetic Data Network
Think Tank, dGen, releases a new report entitled, “AI, Privacy, and Genomics: The Next Era of Drug Design”. It tackles the issue of privacy and access to genetic data for companies using AI to speed up and improve drug design.