The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through “pig butchering” scams.
Swedish Bitcoiners targeted by armed criminals
Swedish cryptocurrency proponent Eric Wall has flagged targeted attacks on well-known BTC community members.
What’s next for the ‘crypto king’ Sam Bankman-Fried?
The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him.”
UK’s National Crime-Fighting Agency Seeks Six Crypto Investigators
A crime bill passed last week gives law enforcement agencies more powers to seize and freeze crypto.
CFTC Awards $16M to U.S. Whistleblowers; Most Tips Were Crypto-Related
Crypto continues to have pervasive fraud and other illegality, Commissioner Christy Goldsmith Romero said.
Unraveling the Dark Side of Crypto
Russian Attackers May Have Been Behind Hack of Sam Bankman-Fried’s FTX, Elliptic Says
Research firm Elliptic said some of the stolen funds appear to be linked to Russian cybercriminal groups, citing on-chain analysis.
Crypto Is on Trial Alongside Sam Bankman-Fried
Is crypto “uniquely” responsible for the rise and fall of FTX?
Ethereum Wallet Tied to Sinaloa Cartel Sanctioned by US Government
The United States’ Office of Foreign Assets Control (OFAC) has sanctioned an Ethereum wallet tied to a Mexican man from Sinaloa named Jimenez Castro.
Australian Man Who Spent $6.7M Erroneous Crypto.com Refund Faces Theft Charges, Guardian Reports
Jatinder Singh and his partner bought four houses, cars, artwork and other luxurious items with money they received due to an accounting error by Crypto.com, according to the Guardian.
UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding
The Economic Crime and Corporate Transparency Bill set to become law later this year removes some legislative hurdles that slow local cops from freezing crypto linked to crime.
OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison
U.S. District Judge Edgardo Ramos also ordered Greenwood to forfeit $300 million, the approximate amount he pocketed from the scheme.
Bitcoin no longer asset of choice for criminals – former Elliptic crypto advisor
Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility.
Crypto Criminals Stealing Much Less Money in 2023: Chainalysis Report
Crypto crimes are raking in far less revenue this year due to a dry-up among hacks and scams, according to Chainalysis.
UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime
The bill, introduced in September, now enters its final stages in Parliament.
Belarus Looks to Ban Peer-to-Peer Crypto Transactions to Reduce Fraud
The east European country is working on legislation to make it harder for fraudsters to get their hands on the proceeds of crime.
Meta’s Zuckerberg grilled by senators over ‘leak’ of LLaMA AI model
The senators weren’t happy with the “seemingly minimal” protections to fight against fraud and cybercrime in Meta’s AI model.
Crypto Exchange Coinone’s Former Exec Acknowledges Bribery Charges in South Korea: Report
A lawyer for the accused reportedly said he admits “the facts of the prosecution,” during a May 25 trial hearing.
U.S. DOJ’s Crypto Enforcement Director Promises Crackdown on Illicit Behavior on Crypto Exchanges: FT
Eun Young Choi said the DoJ is targeting crypto exchanges that allow “criminal actors to easily profit from their crimes and cash out,”
What’s the Reality of Crypto in Crime?
The DOJ’s Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain?