Bitcoin helps track down a massive pedophile ring Bitcoin ledgers - The website offered over 200,000 videos of horrendous child sex acts and abus

To many who are not well versed in how cryptocurrency works, it has always had a veil of shrouded secrecy or nefarious undertones. In reality, transactions via Bitcoin are far more traceable than cash transactions. I'm sure this will come to a surprise for many of you, but as the story progresses, I will do my best to explain how this all works in a basic form. The dark web child pornography site labeled "welcome to video" was operated by a Korean citizen identified as Jong Woo Son. Washington D.C.investigators just uncovered this information as they were able to trace and deanonymize Bitcoin transactions to the dark web based website.

The website offered over 200,000 videos of horrendous child sex acts and abuse. The site allowed downloading of the videos with a "pay by token" method, and tokens were procured via Bitcoin payments to the site. The site is claimed to have taken in over $370,000 between June 2015 and March 2018. The D.C. investigators perched online monitoring the website and transactions to it, which helped lead them to the 377 users they were able to trace via the Bitcoin payment ledger. The site owner was actually in Korean prison since March of 2018.

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