FBI to form new digital currency unit as Justice Dept taps new crypto czar

[MarvinTheParanoidAndroid]

https://www.devdiscourse.com/article/business/1926758-fbi-to-form-new-digital-currency-unit-as-justice-dept-taps-new-crypto-czar

https://archive.ph/0uJHx

The U.S. Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced on Thursday that the FBI is launching a unit for blockchain analysis and virtual asset seizure. The creation of the "virtual asset exploitation" unit at the FBI comes on the heels of the Justice Department's largest-ever financial seizure.

The U.S. Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced on Thursday that the FBI is launching a unit for blockchain analysis and virtual asset seizure. The creation of the "virtual asset exploitation" unit at the FBI comes on the heels of the Justice Department's largest-ever financial seizure. Earlier this month, it charged a married New York couple with allegedly laundering bitcoins now valued at over $4.5 billion that were stolen in the 2016 hack of the digital currency exchange Bitfinex.

U.S. regulators under President Joe Biden have been ratcheting up their scrutiny of the crypto industry in the wake of a series of high-profile cyberattacks last year on the largest U.S. fuel pipeline network and the world's largest beef supplier. Ransomware groups often demand their fees in bitcoin. In a speech at the Munich Cyber Security Conference in Germany, Deputy Attorney General Lisa Monaco announced that Eun Young Choi, a prosecutor who led the case against a Russian hacker who helped steal information about more than 80 million JPMorgan & Chase Co customers, will lead the department's cryptocurrency enforcement team.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

 

[(((Obar Lazcano Kamz)))]

virtual asset seizure

Now they're coming after video game dlc, epic.

 

[Klaptrap]

I knew the evil bastards wouldn't let us have freedom for long.

 

[NOT Sword Fighter Super]

I misread that title and thought the FBI was coming up with their own coin.
Fuck you, feds.

 

[(((Obar Lazcano Kamz)))]

I misread that title and thought the FBI was coming up with their own coin.
Fuck you, feds.

pump and dump the fed coin lol, that would be funny.

 

[Toolbox]

pump and dump the fed coin lol, that would be funny.

I can imagine this will lead to (more) honeypot coins. When they are obviously found out I can see this happening.

 

[MysticLord]

While there are obvious risks for crypto bros, shit like ransomware would be impossible to profit from without bitcoin and monero, and despite nearly 20 years of R&D there's still almost no practical application besides ponzi schemes for crypto.

 

[NOT Sword Fighter Super]

While there are obvious risks for crypto bros, shit like ransomware would be impossible to profit from without bitcoin and monero, and despite nearly 20 years of R&D there's still almost no practical application besides ponzi schemes for crypto.

Yeah, but the feds really don’t like the fact that they can’t directly control it/freeze assets like a regular bank account.

 

[Pimpleking55]

So is crypto over now?

 

[Uncle Warren]

Gee whatever happened to the whole anonymous, secure, unregulated currency?

 

[NewRetroVagina23]

Gee whatever happened to the whole anonymous, secure, unregulated currency?

Using digital technology to route around the designs of an openly hostile and malicious government was always a fool's game.

 

[Uncle Warren]

Using digital technology to route around the designs of an openly hostile and malicious government was always a fool's game.

Personally I believe crypto is for retards who don't understand how the stock market works.

 

[MODUS]

Good luck, all our investments are diversified into Team Fortress 2 hats.

 

[Agent Abe Caprine]

This is why I pirate my crypto.

 

[XMassAllYearRound]

Their bill didn't pass and now they decided they will go on ahead and do what the bill was supossed to do anyways?
Man, something tells me privacy coins are about to get really popular now

 

[NOT Sword Fighter Super]

Using digital technology to route around the designs of an openly hostile and malicious government was always a fool's game.

It will always be a cat and mouse game.

Personally I believe crypto is for retards who don't understand how the stock market works.

What, so you can have your future controlled by assholes like Leon Cooperman?

 

[MarvinTheParanoidAndroid]

Personally I believe crypto is for retards who don't understand how the stock market works.

Gee willikers Mr. Uncle Warren, I sure do hope you never end up getting debanked for holding wrongful political opinions or being associated with the wrong people.

It sure is a good thing that Null can accept credit card donations & he hasn't been blacklisted from credit card companies for wrongspeech.

Boy you sure would look like a retarded faggot if you were posting on a forum that's ran almost entirely on donations made through crypto, but we live in a reasonable world where terrorism & child safety aren't used as duplicitous pretexts for life ruination & abrogation of natural human rights so nothing like what I described could ever happen⸮

 

[Uncle Warren]

Gee willikers Mr. Uncle Warren, I sure do hope you never end up getting debanked for holding wrongful political opinions or being associated with the wrong people.

It sure is a good thing that Null can accept credit card donations & he hasn't been blacklisted from credit card companies for wrongspeech.

Boy you sure would look like a retarded faggot if you were posting on a forum that's ran almost entirely on donations made through crypto, but we live in a reasonable world where terrorism & child safety aren't used as duplicitous pretexts for life ruination & abrogation of natural human rights so nothing like what I described could ever happen⸮

I am completely aware of how this site's finances are maintained. I'm very aware that in a situation where you have no other options, cryptocurrency exists as an option that can't simply be removed from the table when you're in a corner.

I also stand by my opinion, nigger, and while Null's situation demands the use of crypto, the fact that the FBI has started openly tracking crypto means that the initial appeal of the currency that made it popular in the first fucking place is at risk. If you would like to compare the situation at hand to the value of BTC, consider the last time there was a major dip related to government was when an entire country started regulating it. If you want to try appealing to Null's temper by blathering about how KF is run on crypto, he knows as much as I do the volatility of the coin, and with the FBI getting into shit you can imagine he wouldn't be happy about his only source of income getting fucked with by the US.

Now stop being a brown nosing faggot, go buy stocks like a normal person, and be thankful you AREN'T in a position like you described.

What, so you can have your future controlled by assholes like Leon Cooperman?

When money is involved, there will always be someone fucking with it. It's more of a pick your poison type deal.

 

[MarvinTheParanoidAndroid]

I am completely aware of how this site's finances are maintained. I'm very aware that in a situation where you have no other options, cryptocurrency exists as an option that can't simply be removed from the table when you're in a corner.

I also stand by my opinion, nigger, and while Null's situation demands the use of crypto, the fact that the FBI has started openly tracking crypto means that the initial appeal of the currency that made it popular in the first fucking place is at risk. If you would like to compare the situation at hand to the value of BTC, consider the last time there was a major dip related to government was when an entire country started regulating it. If you want to try appealing to Null's temper by blathering about how KF is run on crypto, he knows as much as I do the volatility of the coin, and with the FBI getting into shit you can imagine he wouldn't be happy about his only source of income getting fucked with by the US.

Now stop being a brown nosing faggot, go buy stocks like a normal person, and be thankful you AREN'T in a position like you described.

If I were brown nosing I would've @'d him, which I didn't so you can take that accusation and shove it back up your ass.

Also no, I'm not fucking with stocks when the government can just intervene and fuck with your investments and freeze your assets on a whim, which is exactly what happened with the GameStop stock hold.

Your solution to a system of finance being abrogated by government is to put your money on a system of finance that's on government puppet strings. Great solution. You're a contrarian for contrarianism's sake.

 

[Uncle Warren]

Your solution to a system of finance

I never said anything was a solution, take the tinfoil hat off and maybe realize that when money is involved there really IS no solution, just bandaids, and not once have you said anything to prove my view on this situation with the FBI's involvement wrong.