Re: Localbitcoins Trader Facing Up To 40 Years In Prison Over Bitcoin Fraud Schemes by smoke9910: 10:33pm On Dec 27, 2020 The kind of money these guys handle is huge. The legal bases for this processing are legitimate interests on our part and/or by third-parties, namely to prevent, detect and investigate fraud, criminal activity or other misuse of the services and compliance with a legal obligation that LocalBitcoins is subject to, namely in order to comply with anti-money laundering and anti-terrorist. I wonder if the scammer gave him a cut from the proceeds of bitcoin the scam LocalBitcoins may have made this decision because the US government has been cracking down on digital currency businesses that provide service in the USA illegally. This is a big issue as many customers have lost their money in trading from such fake sites Re: Localbitcoins Trader Facing Up To 40 localbitcoins fraud Years In Prison Over Bitcoin Fraud Schemes by smoke9910: 10:33pm On Dec 27, 2020 The kind of money these guys handle is huge. My. Protect Against Fraud. That being said, LocalBitcoins will be suspending trading in 13 states–Florida, Connecticut, Utah, Arkansas, Nevada, Nebraska, Mississippi, Iowa, District of Columbia, North Dakota, Minnesota, Kentucky, and sha256 profitability Vermont–and says they will begin closing. It’s a firsthand account… a testament to the continual negative impact of frauds in the crypto space. The U.S. The LocalBitcoins Admin joined the conversation on the website to resolve the dispute. Scammer allegedly used hacked bank accounts to purchase bitcoins from sellers Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes News Posted on December 25, 2020 litecoinpay A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. Department of Justice (DOJ) announced last week that a Boston man has […]. The escrow feature that comes with our LocalBitcoins script helps safeguard the interests of our users.