Florida Targets High-Dollar Bitcoin Exchangers

[HardOCP News]

These guys definitely qualify as the stupid criminals of the day. The genius converting cash for bitcoin for undercover cops was definitely my favorite.

According to this user’s profile, Michelhack has at least 100 confirmed trades in the past six months involving more than 150 Bitcoins (more than $110,000 in today’s value), and a 99 percent positive “feedback” score on the marketplace. The undercover agent and Michelhack allegedly arranged a face-to-face meeting and exchanged a single Bitcoin for $1,000, a price that investigators say included an almost 17 percent conversion fee.

 

[Bosom]

Yeah... it kind of freaked me out until I read the article and saw that he knew that the purchaser intended to use bitcoins to buy stolen CC info. Scumbag imo.

 

[xjmtx]

Yeah... it kind of freaked me out until I read the article and saw that he knew that the purchaser intended to use bitcoins to buy stolen CC info. Scumbag imo.

I too was a bit worried. I was immediately beginning to wonder if somehow a law got passed real quick under the radar...I guess....that's what headlines are supposed to do?