Dread: "Service Will Be Restored Shortly"

Dread: "Service Will Be Restored Shortly"

Update: Online - Dread has been down for several hours. HugBunter posted a status update on the DreadAlert subreddit about the downtime and about the Nightmare Market exit scam. He announced that he had been working on a solution and planned to have Dread back online in a number of hours.

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DOJ Files $100 Million Civil Complaint Against BTC-e

DOJ Files $100 Million Civil Complaint Against BTC-e

In addition to the criminal charges for money laundering, unlawful monetary transactions, and conspiracy, the founder of the BTC-e bitcoin exchange now faces a $100 million civil complaint for monetary penalties owed as alleged violations of the Bank Secrecy Act. The complaint alleges that Alexander Vinnik, one of the exchange’s CEOs, willingly failed to follow AML procedures and failed to report suspicious activity, among other violations.

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Potential 'Exit Scam' Imminent After Nightmare Market Breach

Potential 'Exit Scam' Imminent After Nightmare Market Breach

A little more than a week ago, bitcoin transactions stopped working on Nightmare Market. The market staff reassured users that everything would be fixed within 24 hours. And shortly after the announcement, everything started working again. Behind the scenes, though, a hacker had almost emptied the marketplace’s bitcoin wallets, forcing the market to use recent deposits to pay for older withdrawals. The market plummeted towards bankruptcy.

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Silk Road Vendor "Pharmville" Charged for Laundering $19 Million in Bitcoin

Silk Road Vendor "Pharmville" Charged for Laundering $19 Million in Bitcoin

Hugh Brian Haney, according to a criminal complaint unsealed on July 18, sold oxycodone and other substances on the Silk Road marketplace in 2011 and 2012. When Haney attempted to cash out $19 million in bitcoin through an exchange, the exchange froze his account. The Drug Enforcement Administration investigated and identified the Silk Road as the source of Haney’s bitcoin.

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