ONE OF THE LARGEST CHILD EXPLOITATION SITES TAKEN DOWN BY FEDS WHO SEEK TO SEIZE BITCOIN

U.S. and Korean authorities have taken down one of the world’s largest online marketplace for child pornography, according to an unsealed indictment first cited by NBC News.

According to the indictment, between June 2015 and March 2018, Welcome to Video, received at least 420 bitcoins (approximately $370,000 at that time) through 7,300 bitcoin transactions from users in the United States, United Kingdom, and South Korea. These bitcoins were used to pay for child pornography videos on the site, which were downloaded over one million times.

Welcome to Video was allegedly ran by Jong Woo Son, a 23-year-old South Korean national. Son is currently serving his sentence in South Korea. In addition to Son, 337 site users from countries like U.S., U.K. South Korea, and Canada have been arrested and charged by local government enforcement agencies.  FULL STORY HERE