As per court records, a US Navy engineer and his wife sought to trade nuclear secrets for bitcoin.
Toebbe demanded $100,000 In Monero
Jonathan and Diana Toebbe sought to sell Navy intelligence on designing nuclear-powered warships to a foreign agent in Monero starting in 2020.
By selling secrets, Toebbe hoped to earn $100,000 in bitcoin. However, Toebbe was concerned about the possibility of Bitcoin being traced. Therefore, payment was made in Monero.
The information was scheduled to be handed off at several locations. The Toebbes concealed SD cards in sandwiches, chewing gum, and band-aid packaging before leaving them in public places.
The buyer, nevertheless, turned out to be an FBI agent. The Toebbes were apprehended once $70,000 had been delivered.
On Saturday, October 9, the FBI and the Naval Criminal Investigative Service detained the couple in West Virginia.
Monero Is Frequently Used In Criminal Activities
Because it is nearly hard to track, Monero is popular among hackers such as cryptojackers and ransomware attackers.
Monero’s addresses, unlike Bitcoin’s, are not publicly visible, meaning that only users on both sides of a transaction may access the balance and transaction record of related addresses.
Given the difficulties of tracing Monero, the US government has hired cryptocurrency experts to develop Monero surveillance systems, such as the DHS and IRS. However, members in the cryptocurrency sector have challenged the effectiveness of such technologies.
Agents from the United States did not attempt to track Toebbe’s Monero activities in this case. To receive Toebbe’s trust, agents merely used Monero payments. The culprits were discovered via the observation of dead drop locations rather than through digital currency investigation.