User of Silk Road captured trying to launder 19 millions in bitcoin

Posted July 22, 2019

On July 18, a man was arrested for trying to launder $19 million in bitcoins obtained from the darknet Silk Road. Hugh Haney faces a charge for money laundering and another charges for participating in a transaction using illegally earned profits. If he is found guilty, he could face up to 30 years behind bars.

Ban Silk Road site

Silk Road was a dark market founded by Ross Ulbricht, famous market due to the sale and acquisition of illegal products such as drugs, exotic animals, weapons, among others, whose transactions were made through the virtual currency bitcoin The site was closed by the FBI in 2013 and its founder was sentenced to life in prison without parole.

In the world there is a great concern behind illegal and criminal operations through intangible sources, such as bitcoin and other cryptocurrencies, for this reason, many governments have focused on establishing strict laws against the use of virtual assets, However, these measures cause dissatisfaction for many users in the network, especially because many governments have not been able to understand how to deal with the problem without having to prohibit the use of Bitcoin and other cryptocurrencies, and there are many users who use them on a daily basis.

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