Quote from: dificanovi on February 23, 2022, 05:09:09 PM

Quote from: Accardo on February 13, 2022, 08:44:18 PM

Recently, I went through the article about the biggest cryptocurrency fraud in history executed by a married couple. Ilya Lichtenstein and Heather Morgan, husband, and wife, have been tracked down by the FBI for laundering 119,754 bitcoins from Bitfinex five years ago. After many attempts to rinse the money through chain hopping on numerous anonymity enhanced cryptocurrencies like monero. The FBI was able to apprehend them.

I want to know, what else does the government want to regulate the cryptocurrency blockchain for if the FBI can perform such a rigorous search on all the virtual accounts that have been created online by the couple? And found the private key linked to the wallet that received the funds, and they recovered over $3.5 billion and recorded it as the biggest seizure in the cryptocurrency niche.

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“Criminals always leave tracks, and today’s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,” said FBI Deputy Director Paul M. Abbate.

I think the transaction the Government cannot track in the block-chain technology has not be made. FBI claim that they will endeavor to trace any fraudulent activity in the cryptocurreny network through their 21st century investigative technique. (I don't know what they mean by that)

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we're able to uncover the source of even the most sophisticated schemes and bring justice to those who try to exploit the security of our financial infrastructure.

Read:
https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency

If indeed the FBI is able to track criminal acts on the Bitcoin network, this will make it easier for Bitcoin to be accepted by all governments in various countries, because so far the government still suspects Bitcoin is a haven for criminal acts.
Hopefully this is Bitcoin's path to light so that Bitcoin can be used as legal tender in all countries. I am very happy to see this news, criminals will think twice about laundering money through Bitcoin and Bitcoin can be called clean from criminal acts.

This is so far an enlightenment to the government that bitcoin is not totally a safe haven for criminals since bitcoin brings transparency so all payment transactions can be easily observed which is a good thing to trace illegal activities. Hopefully this will change the mindset of the people that bitcoin is no longer good for criminal acts, and i guess it has never been. Illegal transactions are just a small percentage of the overall activity of bitcoin.