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South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges


A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million. The post South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges appeared first on Cryptonews

Police Department Apologizes For Tone-Deaf Call Of Duty Recruitment Ad


A Peoria, Illinois police department tried to recruit new officers with a Call of Duty-inspired campaign on social media, and it was as tone-deaf as you’d imagine. The post, originally shared on the Peoria Police Department’s social media page, showed three white men posing with guns while wearing...

South Korean Police Arrest Suspects in Winnerz-linked ‘Scam Coin’ Case


A suspected scam coin operator was arrested in Gimpo, Gyeonggi Province, South Korea – in a case that appears to be linked to the controversy surrounding the blockchain firm Winnerz. According to YTN, Gimpo police charged an unnamed individual in their 20s with fraud. A second individual (also...

South Korea ‘Blighted by Crypto-powered Drug Pollution’ – Report


South Korea’s crypto-powered drug trading epidemic is seeing the country become “polluted” with dead-dropped narcotics, a new report has claimed. Per Ilyo Shinmun, a 59-year-old man who was arrested for drug offenses told police that he had not bought the narcotics he was caught taking. Instead...

Police Catch South Korea’s ‘$3.5m Nursing Care Fund Crypto Thief’


Source: papii/Adobe Police in the Philippines have arrested a South Korean man suspected of stealing some $3.5 million from a nursing care fund – and spending the money on crypto. Officers think the 44-year-old man, unnamed for legal reasons, embezzled the money from April 2022 to September 2022....

South Korean Police Arrest Suspected OTC Crypto Thief


Source: spaxiax/Adobe South Korean police have arrested a man they suspect of stealing cash as part of a bogus over-the-counter (OTC) crypto exchange. Per the broadcaster KBS, police officers in the town of Icheon, Gyeonggi Province, said they had arrested a man “in his 20s” on theft-related...

Crypto Execs Argue Bull Run Could Lead to $100,000 BTC in 2024 + More News


Source: AdobeStock / fotokitas Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Crypto Execs Argue Bull Run Could Lead to $100,000 BTC in 2024 Spanish Police Arrest a Man for Working with...

South Korean Police Arrest 48 in ‘Crypto-powered Drug Trafficking’ Raids


Source: Angelov/Adobe Police in the South Korean city of Daegu say they have raided a “drug trafficking organization” that used crypto as a payment tool – and arrested 48 people. Per Chosun Ilbo, the Daegu Police Agency’s metropolitan investigation unit arrested 44 people connected to a suspected...

South Korean Police Shut Down ‘170-victim Robot-themed Crypto Scam’


Source: DrArt/Adobe Police in South Korea have arrested a group of people they suspect of duping 170 “crypto investors” – by posing as cryptoasset-issuing robot developers. Per Joongang Ilbo, the Jeonnam Police Agency, officers made at least two arrests, with a 63-year-old and a 36-year-old charged...

States of Jersey Police Warn Islanders of Crypto Fraud Following a Recent Scam


Source: Pixabay The States of Jersey Police brought a crypto investment fraud to light that resulted in losses amounting to £700,000 ($873K). Jersey police issued a warning to the islanders to be vigilant about cryptocurrency scams. The British isle issued a cautionary note to residents to be aware...

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