Danish police first in the world to hunt down criminals using bitcoin, afraid???

[Yza_azY]

It’s hard being a criminal.
Surveillance techniques and forensic science are constantly being improved and people are working full-time to destroy your livelihood. That’s why many criminals around the world probably celebrated when the cryptocurrency bitcoin was launched back in 2009.

With untraceable internet currency, crooks could finally enjoy the anonymity of cash without risking being caught red-handed out in the physical world. This beautifully idyllic criminal vision could have been the future, if it wasn’t for the damn meddling Danes.

It seems unlikely that bitcoin is the future of crime after Berlingske reported that the Danish police brought down drug traffickers by tracing bitcoin transactions.

In January this year, courts in the Danish city Herning, found the defendant in a narcotics case guilty and sentenced him to eight years of prison due to traced bitcoin transactions. This is the second case in Denmark where bitcoin-tracing evidence has played a major role in the trial.

 

Denmark police first in the world hunt down criminals using bitcoin.
Kim Aarenstrup, the head of Denmark’s National Cybercrime Center (NC3), said in an interview with Berlingske that these two convictions prove that Denmark is currently leading the way in cyberpolicing and that this new technology is a major milestone for police work.

We are pretty much unique in the world at this moment, because nobody else has been able to use this type of trace as evidence before. Everybody is looking towards Denmark in this field, and we are in close dialog with several other countries at the moment, so that we can further develop the methods and teach them how we operate.

The new specialized IT-system, developed by Danish law enforcement agencies, is based on comparing the information of two different types of bitcoin transactions. First, transactions where bitcoins are used to purchase goods are analyzed by exploiting the possibilities of blockchain technology, which bitcoin is based on. This information is then compared with listings of bitcoin-buyers and bitcoin-sellers.

The comparison is then used to identify the people involved in particular dealings. Aarenstrup didn’t want to go into specifics of how far-reaching this new method is, but one can imagine that it must be substantial since the FBI and Europol are already using the system.

 

Changed world for criminals

Jesper Klyve was the prosecutor in both cases where a bitcoin-trace was one of the main evidences. In his opinion there is nothing wrong with bitcoin as a currency and that people who use it are not automatically entangled in illegal activities, but that one cannot deny the fact that it makes illegal dealings easier.

Klyve says that in the past, a person had to have the necessary contacts to buy drugs, but this has completely changed with the introduction of the dark web and bitcoin. Now almost anybody can go online and buy a kilo of amphetamine and pay for it with a cryptocurrency. However, this might all change due to police’s new bitcoin-tool and Klyve is optimistic that it will provide interesting possibilities.

It is common that drug deals made on the dark web are sent by regular mail — like in the first case bitcoin-tracing was employed in Denmark — which can make it considerably harder for the police to bust criminals. But Klyve is certain that this new technology will completely change that. Now, if a suspect receives drugs by post — which he denies he ordered — the police can go over his bitcoin transaction history and see whether he has sent bitcoins to anyone recently.

“All transfers that have ever been made are coded into the bitcoin-system. Therefore, you can at any given time log in and search in the system and try to identify individual users,” said Klyve in an interview with Berlingske.

It has been pointed out before that bitcoin is probably less beneficial to criminals than originally thought,  but the two verdicts in Denmark are a clear indicator that cyberspace isn’t safe from the long arm of the law. Perhaps, it is finally time for criminals to find a new livelihood.
Source: https://thenextweb.com/eu/2017/02/21/danish-police-hunt-down-criminals-using-bitcoin/#.tnw_02bBrjob

[merchantofzeny]

Well, since I'm not a criminal, there's no reason for me to be afraid because of this news. I think it's nice that criminals are being caught despite resorting to non-traditional (aka fiat) way of handling their funds. It should would piss off a lot of people though, since they got into bitcoins to avoid gov't meddling with their finances.

[squatz1]

I wouldn't say people are going to be afraid for this, more and more governments are going to be hunting down criminals using Bitcoin or any currency for that matter. So the only people that should be afraid, and have the right to be afraid are the people that are doing wrong - and this is always something that is going to stand true.

You could've even gone on to highlight the fact that more and more of the darknet drug sites are being targetted by the US government in order to stop the drug trafficking in the US, with all of us on here seeing that the FBI took down AlphaBay. Though with that, I think it's like playing a game of whack a mole -- even if you hit one of them more and more are going to come up and you can't stop all of the different forces

Only be afraid if you're doing shady shit, that's it.

[joebrook]

If thats the case then it seems that bitcoins isn't as anonymous as we all thought it to be, i believe this is one of the reasons why the bitcoins team quit their services, They found out that it was transparent and not what it was claimed to be. With the ability to generate thousands of addresses no one will be really able to track transaction to arrest someone.

[favila]

Well, since I'm not a criminal, there's no reason for me to be afraid because of this news. I think it's nice that criminals are being caught despite resorting to non-traditional (aka fiat) way of handling their funds. It should would piss off a lot of people though, since they got into bitcoins to avoid gov't meddling with their finances.

And criminals aren't going to be afraid either, they will just use employ better tactics to conceal their identity like mixing services, splitting funds up into several new addresses, selling for cash.

The only criminals that are being caught are the stupid ones, its sad but its also true.

[Yza_azY]

Maybe if this sistem is shared, the next time is not the police but tax collector...

I'm read afraid about this!

Because in the begin, the bitcoin, and they altcoin, was born to be free, free for share change buy or sell.

If you think investing in bitcoin or a similar “crypto-currency” may be a good method for hiding income from the tax man,now whit the Danish police system, you’d better think again.

Then?

really u don't afraid ? u are sure i'm real afraid, beliveme!

[jhenfelipe]

Have you been a criminal? because you said it's hard to be one, or you just say it because of Denmark police being capable of hunting them through bitcoin transaction? Anyway, whether through bitcoin or not, criminals should be caught and punished by law. If you're not a criminal or a suspect maybe, I don't think they will bother checking your real identity along with every transaction you've made / you make.

About what you've posted above this post, well, as of now there's no free at all, fees are everywhere. About tax, let's just see when the time comes.

[Yza_azY]

About what you've posted above this post, well, as of now there's no free at all, fees are everywhere. About tax, let's just see when the time comes.

Of course i'm not a criminal, but i dont like the think "tax on my btc".

In my country wanna tax air too...

[Lieldoryn]

I don't believe it. This can not be. No the police can't track the transactions of bitcoins. I think that these criminals handed friends. Figured out with their Bank cards. They probably cashed their bitcoins through normal Bank accounts. I'm not a criminal, but this is another argument in favor of bitcoin.

[BADecker]

The whole Government and banking systems of the world are a crime against the people. People are simply stuck. why? The criminality might be worse if there weren't any governments, although way better if there weren't any banks.

[Sithara007]

Bitcoin transactions are not 100% anonymous. They can be traced back to the user, even if he is using multiple mixing services. Also, a lot of the Bitcoin mixing services are getting taken down. Perhaps that is the reason why Bitmixer closed down recently.

[Daniel91]

It’s hard being a criminal.
Surveillance techniques and forensic science are constantly being improved and people are working full-time to destroy your livelihood. That’s why many criminals around the world probably celebrated when the cryptocurrency bitcoin was launched back in 2009.

With untraceable internet currency, crooks could finally enjoy the anonymity of cash without risking being caught red-handed out in the physical world. This beautifully idyllic criminal vision could have been the future, if it wasn’t for the damn meddling Danes.

It seems unlikely that bitcoin is the future of crime after Berlingske reported that the Danish police brought down drug traffickers by tracing bitcoin transactions.

In January this year, courts in the Danish city Herning, found the defendant in a narcotics case guilty and sentenced him to eight years of prison due to traced bitcoin transactions. This is the second case in Denmark where bitcoin-tracing evidence has played a major role in the trial.

 

Denmark police first in the world hunt down criminals using bitcoin.
Kim Aarenstrup, the head of Denmark’s National Cybercrime Center (NC3), said in an interview with Berlingske that these two convictions prove that Denmark is currently leading the way in cyberpolicing and that this new technology is a major milestone for police work.

We are pretty much unique in the world at this moment, because nobody else has been able to use this type of trace as evidence before. Everybody is looking towards Denmark in this field, and we are in close dialog with several other countries at the moment, so that we can further develop the methods and teach them how we operate.

The new specialized IT-system, developed by Danish law enforcement agencies, is based on comparing the information of two different types of bitcoin transactions. First, transactions where bitcoins are used to purchase goods are analyzed by exploiting the possibilities of blockchain technology, which bitcoin is based on. This information is then compared with listings of bitcoin-buyers and bitcoin-sellers.

The comparison is then used to identify the people involved in particular dealings. Aarenstrup didn’t want to go into specifics of how far-reaching this new method is, but one can imagine that it must be substantial since the FBI and Europol are already using the system.

 

Changed world for criminals

Jesper Klyve was the prosecutor in both cases where a bitcoin-trace was one of the main evidences. In his opinion there is nothing wrong with bitcoin as a currency and that people who use it are not automatically entangled in illegal activities, but that one cannot deny the fact that it makes illegal dealings easier.

Klyve says that in the past, a person had to have the necessary contacts to buy drugs, but this has completely changed with the introduction of the dark web and bitcoin. Now almost anybody can go online and buy a kilo of amphetamine and pay for it with a cryptocurrency. However, this might all change due to police’s new bitcoin-tool and Klyve is optimistic that it will provide interesting possibilities.

It is common that drug deals made on the dark web are sent by regular mail — like in the first case bitcoin-tracing was employed in Denmark — which can make it considerably harder for the police to bust criminals. But Klyve is certain that this new technology will completely change that. Now, if a suspect receives drugs by post — which he denies he ordered — the police can go over his bitcoin transaction history and see whether he has sent bitcoins to anyone recently.

“All transfers that have ever been made are coded into the bitcoin-system. Therefore, you can at any given time log in and search in the system and try to identify individual users,” said Klyve in an interview with Berlingske.

It has been pointed out before that bitcoin is probably less beneficial to criminals than originally thought,  but the two verdicts in Denmark are a clear indicator that cyberspace isn’t safe from the long arm of the law. Perhaps, it is finally time for criminals to find a new livelihood.
Source: https://thenextweb.com/eu/2017/02/21/danish-police-hunt-down-criminals-using-bitcoin/#.tnw_02bBrjob

I think that only criminals should be afraid.
It was just matter of time when someone will start such activity and try to find criminals using bitcoin.
Bitcoin is very specific, anonymous and decentralized.
Police can't simple contact owner or some bank because there is no central bank behind bitcoin, or owner.

[RamBahadur.Gurung]

It seems like there are bad times to come for the drug dealers. Hansa and Alphabay is down, and now the cops are arresting drug dealers who used these sites to sell their products. But I still don't understand one thing. If these guys want to sell drugs, then why can't they move to countries such as Moldova and Ukraine, where the surveillance is not that tough?

[Yza_azY]

It seems like there are bad times to come for the drug dealers. Hansa and Alphabay is down, and now the cops are arresting drug dealers who used these sites to sell their products. But I still don't understand one thing. If these guys want to sell drugs, then why can't they move to countries such as Moldova and Ukraine, where the surveillance is not that tough?

Mmmm... Moldova???

Drug markets and drug-law offences
The Republic of Moldova is perceived as a country that produces plant-based narcotic substances, although this production is limited to local needs and some decline in production has been noted since 2011. Plant-based drugs are still being produced, mainly in the north and north-east areas of Moldova, and then transported to other parts of the country and, to a very limited extent, to neighbouring Ukraine and Russia. Synthetic drugs such as ecstasy are imported from the European Union, while the production of methamphetamine (pervitine) has been registered in the country since the late 1990s. Cocaine and heroin are primarily transported through Moldova, with very small amounts diverted for consumption within the country.
The reporting of the statistical data on crimes from the left bank of the River Nistru ceased in the early 1990s, following the Trans-Dniestrian conflict, currently frozen, that divided the country into territories on the right and left banks of the River Nistru. There is also no exchange of data on drug-law offences. The data below therefore refer only to drug-law offences registered on the right bank of the River Nistru.
At the end of 2005 new modifications to the Penal Code were approved. The main modifications were made to the criminal qualification for the cultivation of plants containing drugs, which had previously qualified as an administrative offence but is now considered to be subject to penal punishment. In the list of substances approved at the end of January 2006 no new substances were added to those for which penal sanctions are applied.

A slight downward trend is noticeable in the reported number of drug-law offences, from 2 377 in 2003 to 1 526 in 2012 (1 607 in 2011; 1 773 in 2010;1 865 in 2009; 2 105 in 2008; 2 144 in 2007). The overwhelming majority of drug-law offences are related to cannabis products, and the proportion has increased from 57 % in 2009 to 71 % in 2012; drug offences related to opiates (heroin, poppy and poppy straw, opium) are the second most-frequent. In contrast to cannabis-related drug-law offences, the proportion of offences related to opiates has been declining, from 35 % in 2009 to 19 % in 2012 (Council of the European Union, 2013). In terms of geographical distribution, most drug-law offences are registered in the north of the country where the plants are cultivated. The majority of drug-law offenders are over the age of 30. Although there was an increase in the rate of drug-law offenders in this age group from 2007 to 2008 (48.2 % in 2007; 60.3 % in 2008), in the following years the proportion of these offenders declined to 49 % in 2011, while the proportion of those aged 25–29 and 16–17 increased. In 2011 the proportion of females arrested for drug-law offences was 15.9 %, which is less than in previous years (19.5 % in 2009; 27.6 % in 2008; 15.4 % in 2007). The data on the amount of drugs seized in the territory of the right bank of the River Nistru during 2009–12 are presented in the table below. The reporting was carried out on paper, and entering the data into electronic databases and further processing has generated difficulties. This fact reduces the quality of the data and of the inferences to be drawn from them.
A significant decrease in the amounts of poppy straw and acetylated opium seized was registered between 2009 and 2012.

[Yza_azY]

I think that only criminals should be afraid.
It was just matter of time when someone will start such activity and try to find criminals using bitcoin.
Bitcoin is very specific, anonymous and decentralized.
Police can't simple contact owner or some bank because there is no central bank behind bitcoin, or owner.

Probably u dont know italy

i take 10 minute for focus us situation:

Italy is putting up €17 billion ($19 billion) to avert a fresh crisis in its beleaguered banking system.
The move over the weekend came after a warning from European authorities that two struggling Italian regional banks -- Banca Popolare di Vicenza and Veneto Banca -- were facing collapse.
It's just the latest move by Italy to plug a hole in its fragile financial sector. At the end of last year, it had to promise billions of euros to rescue Monte dei Paschi, the world's oldest operating bank.
Under the plan announced Sunday, the Italian government will pay €4.8 billion ($5.4 billion) in cash and provide as much as €12 billion ($13.4 billion) in guarantees so that Intesa Sanpaolo (IITSF), one of the country's biggest banks, can take over the healthier parts of the two regional banks. The remaining activities will be wound down.
Related: Santander buys 'failing' Spanish bank for €1
Hemorrhaging money and crippled by bad loans, Banca Popolare di Vicenza and Veneto Banca had already burned through €3.5 billion they received from a government-backed fund last year. The European Central Bank, which supervises the eurozone's lenders, said Friday that the two Italian lenders didn't have enough cash to survive.
Intesa said on Monday that it was paying a "token" price of €1 for the regional banks' businesses. Its shares gained around 3.5% in early trade, suggesting investors think it got a good deal.
Italy's banks have been struggling with high costs and low returns for years. Billions of euros in loans have soured due to economic stagnation. The country's economy has barely grown for a decade.
Italian lenders are saddled with roughly €360 billion ($400 billion) in bad loans, roughly a third of the eurozone total.
Related: Europe's central bank is done cutting rates
EU bank bailout rules require investors (shareholders and bondholders) -- rather than taxpayers -- to shoulder the burden of any rescue. But the European Commission, the executive arm of the European Union, gave the green light to Italy's intervention, despite its use of public money.
The Commission said in a statement that state funds can be used as long as shareholders and junior bondholders bear the brunt of the costs and the plan doesn't skew industry competition too much.
The Italian government said its approach aims to protect businesses, jobs and savers that rely on the two banks, which are based in the northeastern part of the country surrounding Venice.
A new law permid fisco ( tax ) take directly money from the bank.

LOL! NEXT IS BTC!

[merchantofzeny]

Well, since I'm not a criminal, there's no reason for me to be afraid because of this news. I think it's nice that criminals are being caught despite resorting to non-traditional (aka fiat) way of handling their funds. It should would piss off a lot of people though, since they got into bitcoins to avoid gov't meddling with their finances.

And criminals aren't going to be afraid either, they will just use employ better tactics to conceal their identity like mixing services, splitting funds up into several new addresses, selling for cash.

The only criminals that are being caught are the stupid ones, its sad but its also true.

"If there's a will, there's a way," said the cliche. It's really an arms race between authorities and criminals. The more outlets become unavailable due to crackdowns, then the more they'll try to find a workaround.

Bitcoin transactions are not 100% anonymous. They can be traced back to the user, even if he is using multiple mixing services. Also, a lot of the Bitcoin mixing services are getting taken down. Perhaps that is the reason why Bitmixer closed down recently.

Could be. You think it's possible to run a mixing business underground? I mean, Bitmixer is way out in the open, they even had sig campaigns here. Wouldn't cracking down on mixing services just cause them to just go deeper down the web?

[Sex Video Chat VKcams.com]

Show me, how they trace Monero, pleace.

[TheCoinGrabber]

I don't know how to feel about this. On one hand, I'm glad that those criminals are caught. Who knows what other crimes they could have committed. On the other hand, this brings the fear of government surveillance again.

Show me, how they trace Monero, pleace.

I heard it's untraceable. I wouldn't be surprised if they are busy cracking it though. Governments, as a rule, don't tolerate secrecy. Only they can keep secrets.

[Yza_azY]

I heard it's untraceable. I wouldn't be surprised if they are busy cracking it though. Governments, as a rule, don't tolerate secrecy. Only they can keep secrets.

Right!

The real problem is the Governments. A wolf in sheep's clothing...

[olubams]

I would say its actually a good one on their part to have gotten to that level and brag about it but they are not the first to do that because I have read convictions that have taken place in the past where the suspect  relied on bitcoin to perpetuate its activities. Its even good for the crypto world for anyone that is planning or using bitcoin for illegal purpose and thinking he is safe and can go ahead without any repercussions, the end is near.