PayPal snitched on bullish movie pirate who bought $1M in cryptocurrency from Coinbase – The Next Web

US authorities have seized over $4 million worth of cryptocurrency and cash following a movie piracy investigation conducted by Homeland Security Investigations (HSI) and Motion Picture Association of America (MPAA). But here’s the saucy part: it was PayPal that tipped off the detectives to the case.

The investigation dates back to October 2013, when PayPal pointed HSI to two supposedly illegal streaming services ( and, TorrentFreak reports. Curiously, the owner of the pirate sites held a rather diversified portfolio of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

According to court documents, an Oregon federal court is already reviewing the case. Authorities are seeking the forfeiture of all funds seized on the basis that the owner of the streaming sites conspired to commit copyright infringement and money laundering.

After the HSI reported the streaming services to the MPAA, the film industry association found that the websites illegally distributed copyrighted works. It also noted that Noobroom generated revenue by collecting subscription payments via Stripe and PayPal.

Shortly after its investigation, the MPAA sent a cease-and-desist letter to Noobroom and its associated websites.

Instead of complying with the order though, the MPAA discovered that Noobroom notified users that their accounts were being moved to a new domain, called Eventually, the MPAA linked to two additional piracy portals, and

It also found the websites were managed by an individual going by the name of Talon White.

Investigators discovered that all Noobroom revenue – generated by subscription payments – was then moved from the streaming service’s Stripe account to bank accounts controlled by White.