Cryptocurrency traders and advocates should get ready for another round of negative press around the world, as bitcoin is yet again dragged into an international crime investigation. Israeli media reports, from a court hearing earlier today, tie a suspect of making bomb threats against Jewish community centers around the world to the darknet – with a strong emphasis on his bitcoin.
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The teen, whose name is not made public yet, was found to be holding vast amounts of money in bitcoin – this according to the Israeli police’s cyber crime investigators. He allegedly made his fortune, estimated in the many millions of shekels, by selling falsified identification papers including passports and driving licenses on the darknet.
If you are not familiar with the case, it drew a large amount of international media coverage two weeks ago as it was linked to a previous story about the election of Donald Trump causing a rise in antisemitic attacks in the US. The teen was arrested in Israel after the FBI led an international cyber crime investigation with the collaboration of a number law enforcement agencies around the world.
His lawyer today claimed the teen suffers from a brain tumor as well as autism that “caused his genius.” It seems the defense in the case will be based on the premise of disqualifying insanity while the Israeli police maintains it has caught an international criminal mastermind extorting organizations around the world and using advanced darknet technologies such as bitcoin to evade detection.