Listing Website Suspected For $0.5B Laundering in Crypto

At the moment, US DOJ seized Backpage. com and fully stopped its activity
11 April 2018   348

In the US, operators of the Backpage website, which was used to advertise sexual services, were accused of organizing and abetting prostitution, as well as laundering $ 500 million illegally obtained, including using crypto-currencies. In 2015, the site began accepting payments through the crypto-exchange Coinbase and Kraken, as well as payment instruments GoCoin, Paxful and Crypto Capital. This is reported by Cointelegraph.

Backpage Website
Backpage Website

By laundering the illegal gains of an enterprise, Backpage perpetuated the exploitation of victims and continued to finance their business.
 

Guy Cottrell

Chief Inspector, Post

The indictment states that the defendants “converted customer payments into and out of cryptocurrency” in order to hide their crime and evade law enforcement. But beyond the indictment, the crypto trail goes further, involving not only the defendants, but the sex workers who used the online hub as well.

At the moment, law enforcement agencies have stopped the operation of the web resource.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   97

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.