Join me @ IBOtoolbox for free.
David Ogden
Member Since: 5/25/2012
performance / stats
Country: United Kingdom
Likes Received: 266
Featured Member: 2 times
Associates: 273
Wall Posts: 428
Comments Made: 362
Press Releases: 252
Videos: 82
Phone: +357 97727987
Skype:     seadogs11
profile visitor stats
TOTAL: 135531
are we ibo associates?
member advertising
active associates
Rich Coulter     
Last logged on: 5/26/2019

Patricia Hudon     
Last logged on: 5/26/2019

Ro Mitchell    
Last logged on: 5/26/2019

Eugenijus Sakalauskas    
Last logged on: 5/26/2019

Mark Turnbull    
Last logged on: 5/26/2019

Pavel Mrlian    
Last logged on: 5/26/2019

Bob & Shirley Rushing    
Last logged on: 5/26/2019

Sule Yesufu    
Last logged on: 5/26/2019

Lisa Smith      
Last logged on: 5/26/2019

Linda Michel White       
Last logged on: 5/26/2019

Robin Robinson     
Last logged on: 5/25/2019

New Macro JobHouseRanger    
Last logged on: 5/25/2019

Last logged on: 5/25/2019

Terri Pattio    
Last logged on: 5/25/2019

Rix Robinson    
Last logged on: 5/25/2019

other ibo platforms
David Ogden   My Press Releases

Canadian Police Call Bitcoin Expert Witness In $1.4 Million BTC Case

Published on 3/7/2019
For additional information  Click Here

Canadian Police Call Bitcoin Expert Witness In $1.4 Million BTC Case

In a case against drugs, CipherTrace CEO David Jevans testifies as a Bitcoin expert

CipherTrace, a blockchain forensics company, makes headlines today for its role in the seizure of $1.4 million in bitcoins that may have been destined for illicit usage. In the resulting court case, David Jevans, CEO of CipherTrace was called upon to serve as the first ever Bitcoin expert witness.

As with any medium or store of value, those with specific intentions can use Bitcoin for illicit transactions. Thus, the “Darkweb” or online black market has created cause for concern for law enforcement, regulators and cryptocurrency speculators alike, because users can purchase and sell virtually anything using crypto without having to reveal their identity.

As the volume of illegal Bitcoin transactions rises, so does the demand for blockchain intelligence firms like CipherTrace.

CipherTrace played a pivotal role in convicting a suspect accused of using 288 bitcoins (valued at approximately $1.4 million today) to purchase a handgun and facilitate the sale of illicit drugs. In an Ontario court, the Bitcoin expert witness testified that his firm was able to trace transactions from dark web markets into the defendant’s account. Jevans reports:

“If I knew nothing about the case, other than being presented with the bitcoin addresses that Mr. Phan controlled, my analysis would indicate that this individual was dealing in drugs online,”

During the seizure, Canadian police also discovered $2.5 million in illegal narcotics, addressed envelopes, scales, and other drug trafficking paraphernalia.

Blockchain forensics groups like CipherTrace will likely continue to play a crucial role in thwarting cyber crimes in the future, according to the lead investigator on the case, Detective Dwayne King.

King said:

“I would have loved to have access to a tool such as CipherTrace when I originally conducted this investigation in May of 2015. The report prepared by Dave really was the pivotal piece in the Crown’s case for forfeiture.”

The courts are currently pursuing confiscation of all the defendant’s Bitcoins, among other legal consequences, while he argues that half of his digital assets should be retained since they were not realized through nefarious actions.




Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.