Paedocoin exposed

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Via Washington Post:

U.S. and international law enforcement authorities have shut down one of the world’s largest child pornography websites following a raid and the arrest of Jong Woo Son, the underground site’s alleged South Korean-based administrator, federal officials said Wednesday.

Federal prosecutors with the U.S. attorney’s office in Washington, D.C., and IRS and Homeland Security Investigation officials called the “Welcome to Video” website one of a host of bitcoin-based, online bazaars that filled the vacuum after the 2013 take down of Silk Road, a notorious “eBay” black market exchange for narcotics, prostitution and other dark net contraband.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.