Virtual Currencies Money Laundering AUSA Christine Magdo United

Centralized VC Systems • Single online entity issues and controls the currency • Transactions

Sample account information • • • Russia Hackers Good Hacks Great Hacker Cyber Hacker

Decentralized Virtual Currency • Decentralized, peer-to-peer network-based virtual currencies • No central issuing authority,

By the Numbers: $1. 2 billion in sales 150, 000 users 4, 000 drug

Slides: 15

Download presentation

Virtual Currencies & Money Laundering AUSA Christine Magdo United States Attorney’s Office Southern District of New York Statements made during this presentation do not necessarily reflect the views of the Department of Justice or the United States Attorney’s Office

Centralized VC Systems • Single online entity issues and controls the currency • Transactions made on website between users • Offers variations of many traditional financial services

Sample account information • • • Russia Hackers Good Hacks Great Hacker Cyber Hacker hack great HACK Hack Crew Hack Lord Hack Tools hacker chip Hacker ME Hacker YOU hacker account • • • card biz young carder Cardshopteam cc carding fullz Carder Profit carder boss Master Carder Spamming Tools www. getrichhyip. com HYIP For Nigerians Hyip Forex Investments

Decentralized Virtual Currency • Decentralized, peer-to-peer network-based virtual currencies • No central issuing authority, monitoring, or oversight • Anyone can download the free, open source software • Special system users provide transaction verification and currency generation • Bitcoin is one of many

By the Numbers: $1. 2 billion in sales 150, 000 users 4, 000 drug dealers >100 undercover purchases

Related presentations