Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
A sixty-year-old man from Columbus, Ohio, has been arrested for money laundering and drug trafficking after he tried to get $19 million in Bitcoin through an exchange.
Hugh Haney was reportedly a high-profile drug trafficker on notorious dark web site, Silk Road, back in its years of operation from 2012-2013. Part of the marketplace known as Pharmville, Haney was attempting to launder $19 million of illicitly earned monies.
The drug kingpin was brought down when he tried to move his money into an exchange which shattered the pseudo-anonymity of Bitcoin and allowed Homeland Security Investigations (HSI) to tie the money to him.
Haney is charged with one count of concealment money laundering and one count of engaging in a financial transaction in a criminally derived property. If the sentences for these crimes are to run one after each other, he could be facing 30 years of jail time.
Silk road was only in operating for 2.5 years before it was taken down by the FBI in 2013. However, in that time, Haney is presumed to have made a small fortune. It was only until recently that the drug trafficker attempted to move some of his money, despite investigators raiding his home in 2018.
There was evidence in the raids that Haney was involved in the illicit trade of drugs, but it was when he tried to liquidate some of his earnings from Bitcoin in a cryptocurrency exchange that the HSI swooped.
The HSI seized the $19 million on the exchange and gained sufficient evidence to arrest Haney for drug trading and money laundering.
Silk Road became synonymous with Bitcoin during its heyday, and for many was their first introduction to the cryptocurrency. It was the currency of choice because of its anonymous nature.
However, as Haney discovered, it was only a pseudo-anonymity as regulations force exchanges to keep track of their clients while blockchain analytics make it easy to trace transactions.
Silk Road is estimated to have served illicit goods and services to over 100,000 buyers. According to estimates, the website alone generated revenues of over 9.5 million BTC, worth. After the site was shut down in 2013 by the FBI, approximately 26,000 BTC was seized from various digital wallets, amounting to $272 million today.
Hey there, if you’re keeping an eye on the crypto space or global finance, you’ve likely heard whispers about Russia&r
June 20, 2025 | Joanna Newman
Why the Digital Ruble Is Turning Heads
June 20, 2025 | Joanna Newman
Hey there, if you’re keeping an eye on the crypto market, you’ve likely heard the buzz about Ethereum’s latest move. The integrati
June 18, 2025 | Joanna Newman
Why Hyperliquid Tech Matters for Ethereum
June 18, 2025 | Joanna Newman
Create a FREE account and......
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Breaking: North Korea’s Cyber Attack on Crypto Workers Could Shake Bitcoin and Beyond
June 20, 2025 | Joanna Newman
Samsung and Apple’s Foldable Phone Race Could Spark a Crypto Surge
June 19, 2025 | Joanna Newman
Hyperliquid Coin Nears $100B—Could This Fuel Bitcoin’s $104K Surge?
June 18, 2025 | Joanna Newman
Ethereum’s DeFi Leap with Hyperliquid Tech Could Push ETH to $3,500—Here’s Why
June 18, 2025 | Joanna Newman
Tezos (XTZ) Review 2024: Everything You Need to Know Before Buying Tezos
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; backgrou...
Chromia (CHR) Review 2024: Everything You Need to Know Before Buying Chromia
Illuvium (ILV) Review 2024: Everything You Need to Know Before Buying Illuvium
My Neighbor Alice (ALICE) Review 2024: Everything You Need to Know Before Buying My Neighbor Alice
Star Atlas (ATLAS) Review 2024: Everything You Need to Know Before Buying Star Atlas
OQtima
Oqtima is an emerging online trading platform that offers a wide range of financial instruments, inc...
Saxo
Saxo Bank is a leading global online broker offering a wide range of financial instruments, includin...
FXCC
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; background-c...
Quadcode Markets
Quadcode Markets is an online brokerage offering a wide range of financial instruments, including fo...
Trading 212
Trading 212 is a popular online broker offering a range of financial products including stocks, ETFs...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Silk Road Drug Trafficker Caught Laundering $19 Million in Bitcoin.
A sixty-year-old man from Columbus, Ohio, has been arrested for money laundering and drug traffickin
Ethereum and Dogecoin Surge: Signals of a Sustained Crypto Market Rally?
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; background-colo
Google Coin: Exploring the Future of Tech Giants in Cryptocurrency
In recent years, the cryptocurrency landscape has witnessed significant interest from various tech g
Could Dogecoin Soar to $4? A Fresh Price Prediction Maps the Path Ahead
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; background-color
Polkadot Price Prediction | Dot2 Forecast
Polkadot has been one of the best performing cryptocurrencies in 2021. Just six months after the cry
The Everyday Fruit that's a Powerhouse of Nutrition and Your Weight Loss Ally
(adsbygoogle = window.adsbygoogle || []).push({}); IntroductionWhen it comes to nutrition a
The Top 10 Crypto Assets with the Highest Potential in 2025
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; background-color
The oldest and most powerful remedy to permanently get rid of insects and ants
(adsbygoogle = window.adsbygoogle || []).push({}); IntroductionEach year, as the hot season
Two Beds, One Dream: The Growing Trend of Sleeping Apart for Better Rest
(adsbygoogle = window.adsbygoogle || []).push({}); IntroductionIn an era where quality slee
Counterproductive Habits: How Certain Attitudes Can Nullify the Benefits of Regular Physical Activity
(adsbygoogle = window.adsbygoogle || []).push({}); Unraveling the Missteps that Can Undermi
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)