NewsBreak: Bitcoin Sinks After U.S., South Korea Bust Child Porn Site

Investing.com – Cryptos tumbled on Wednesday after U.S. and South Korean officials said they broke up one of the largest child pornography sites by following a Bitcoin trail.

• The bust was revealed after the U.S. unsealed an indictment against Jong Woo Son, who allegedly operated a Darknet site that accepted Bitcoin and distributed pornography involving children in more than 1 million videos.

• Son, a South Korean, is serving 18 months in prison there.

Authorities have arrested 337 sites users in 11 countries since the site was closed in March 2018.

• The case questions the true anonymity of cryptocurrencies.

• () fell 4.3%, while tumbled 6.3% and was down 5.1%.

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