Crypto analytics may be helping to uncover child abuse material sites, but trends “definitely suggest” that the value of virtual currencies sent to exploitation sites will continue to grow in 2020 as child porn buyers flock to bitcoin, according to blockchain intelligence firm Chainalysis.
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FBI Director Christopher Wray testifying before the U.S. Senate discussing Bitcoin on November 7, 2019 (screenshot via C-SPAN).FBI director passes on calling for cryptocurrency tracking law
Christopher Wray avoided Mitt Romney’s question about tracking Bitcoin, turning instead to the need for messaging service ‘back doors’
FBI Director Christopher Wray declined to swing at a gentle pitch over the plate for more regulation of cryptocurrency anonymity at a recent Senate Homeland Security hearing.
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Feds track Bitcoin to break up child porn ring
The huge child pornography ring was among the first to use Bitcoin to fund its illicit operation, the U.S. Attorney said; more than one million bitcoin addresses found
Federal prosecutors said that they successfully back-traced Bitcoin transactions to break up a major child pornography ring.
