Italian investigators traced more than 1 million dollars in undeclared crypto-related gains to a Bitcoin Ordinals trading operation. The case began after a Ledger hardware wallet was seized during a search. Investigators from Italy’s Economic and Financial Police Unit of Foggia worked with a Rome unit focused on privacy protection and technological fraud to examine transaction records tied to the wallet. The probe expanded after repeated activity involving Bitcoin Ordinals and BRC-20 assets was identified. Chainalysis explained that hardware wallets generate multiple receiving addresses automatically and distribute transaction history across Bitcoin’s Unspent Transaction Output model. Analysts grouped addresses using ownership heuristics to isolate the wallet cluster responsible for the alleged tax-related crypto flows.
"Italian financial investigators traced more than 1 million ($1.16 million) in undeclared crypto-related gains through a Bitcoin Ordinals trading operation, Chainalysis said on May 20. The case centered on a suspect accused of concealing digital asset income while also unlawfully receiving public financial assistance. Authorities began reconstructing the activity after seizing a Ledger hardware wallet during a search operation."
"Investigators from the Economic and Financial Police Unit of Foggia, a division of Italy's Guardia di Finanza based in the southern Italian city of Foggia, worked alongside the Special Unit for Privacy Protection and Technological Fraud of Rome to examine transaction records tied to the wallet. The probe expanded after analysts identified repeated activity involving Bitcoin Ordinals and BRC-20 assets."
"Chainalysis explained that modern hardware wallets generate multiple receiving addresses automatically, distributing transaction history across Bitcoin's Unspent Transaction Output model. Analysts grouped those addresses together through ownership heuristics, allowing investigators to isolate the wallet cluster responsible for the crypto flows tied to the alleged tax violations. Chainalysis stressed: No matter how s"
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]