Crypto Auctions: Where Do Arrested Bitcoins End Up?

“Proceeds from criminal activity are being converted into Bitcoins, split into smaller amounts and given to people who are seemingly not associated with the criminals but who are acting as ‘money mules’. These money mules then convert the Bitcoins back into hard cash before returning it to the criminals”.

Silk road

Bulgarian case

Cryptocurrency auctions

More auctions to come

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