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SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams


The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust...

Hong Kong Police Arrest 100 Fraud Suspects and Recovers Over HK$180 Million


Hong Kong police have arrested 100 individuals in a significant crackdown on fraud and money-laundering syndicates, recovering over HK$180 million (US$24.2 million) from 295 victims. The post Hong Kong Police Arrest 100 Fraud Suspects and Recovers Over HK$180 Million appeared first on Cryptonews

American Bankers Association Urges House Leaders to Block Fed’s CBDC Plans


The American Bankers Association (ABA) on Monday urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals and using it for monetary policy tools. The post American Bankers Association Urges House Leaders to Block Fed’s CBDC Plans appeared...

Cartier Jewelry Heir Busted for Laundering Money with Crypto


An heir to the Cartier empire was arrested last week by the US Justice Department (DoJ). He was accused of utilising Tether's USDT stablecoin to launder the proceeds of drug trafficking. The charges indicate a unique convergence of powerful individuals and cryptocurrency-related criminal...

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