Bitcoin trail leads to bust of massive child porn site

posted about 2 months ago
Authorities in the US and South Korea busted one of the largest online child pornography markets, partly by analyzing Bitcoin transactions. The bust led to the arrest of 337 people around the world, and the rescue of at least 23 minor victims in the US, UK and Spain. According to the indictment, the sites founder, 23-year-old Jong Woo Son (currently serving 18 months in South Korean prison) also faces child pornography and money laundering charges in the US, his site, “Welcome to video,” distributed over 250,000 unique videos. Users could join the site for free and download some videos, and access more videos by earning points by uploading their own videos, or by paying $350 via Bitcoin.

British investigators at the National Crime Agency first uncovered the site while investigating a man now serving 25 years in prison, and eventually identified Son. Meanwhile, agents from the IRS Criminal Investigation Division reportedly analyzed Bitcoin transactions to not only identify Son, but trace the location of the site’s server to his home in South Korea. Cryptocurrency analysis also allowed IRS agents to identify individual users on the site.
Tags: bitcoin, blockchain, news