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Ohio’s New Crypto Fraud Unit Claims First Victory, Recovers $130K From Scam
10.10.2024
The Ohio Bureau of Criminal Investigation’s new Electronic Fraud Investigations unit has recovered $130,000 from a cryptocurrency scam in its first victory. The unit was established to address the growing complexity of cyber financial crimes, particularly those involving cryptocurrency....
US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio
5.10.2024
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track...
Pavel Durov Reveals Telegram Has Been Disclosing Data to Authorities
3.10.2024
Telegram founder Pavel Durov has clarified the platform’s privacy policies, emphasizing that no significant adjustments have been made regarding how Telegram handles user data. He revealed that since 2018, Telegram has disclosed IP addresses and phone numbers of criminals when legally...
Hacker pleads guilty to stealing $37M in crypto via ‘cyber intrusion’
2.10.2024
Evan Frederick Light faces up to 20 years behind bars for each charge, including conspiracy to commit wire fraud and launder monetary instruments
Crypto Platform CEO Arrested for Allegedly Paying Deputies in Extortion Scheme
28.9.2024
Crypto platform Zort’s CEO has been arrested on multiple charges. Allegations against Iza include paying large sums to Los Angeles County deputies for illegal activities, such as unlawful searches, extortion schemes, and even a failed kidnapping attempt. “Iza boasted about paying...
Tether Helps Dutch and US Authorities Seize $7.8M in Crypto
27.9.2024
Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and...
Crypto founder paid LA cops to extort victim for crypto, FBI alleges
27.9.2024
Adam Iza, the founder of the crypto trading platform Zort, allegedly paid Los Angeles Sheriff’s deputies for information that he used to blackmail a target he intended to rob
Coinbase-backed Truflation confirms hack, estimated around $5M
26.9.2024
Truflation’s team said that no customer funds were stolen in the security breach
Telegram’s Privacy Overhaul: IPs and Phone Numbers of Lawbreakers to Be Shared
23.9.2024
After the arrest and subsequent release of Telegram CEO Pavel Durov in France, his Telegram channel shared that the messaging platform has updated its terms of service and privacy policy. According to these changes, the platform may disclose the IP addresses and phone numbers of users who violate...
Crypto firm’s CEO resigns after being robbed of company funds at gunpoint
9.9.2024
Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter
Crypto firm’s CEO resigns after being robbed of company funds at gunpoint
9.9.2024
Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter
Pavel Durov Speaks Out Following Paris Arrest Over Telegram’s Legal Issues
7.9.2024
Pavel Durov, founder and CEO of Telegram, made his first public statement after his arrest in Paris. He was questioned by French authorities for four days over claims that he could be held responsible for illegal activities of Telegram users. Durov expressed surprise, citing that Telegram has...
Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs
29.8.2024
Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs
Clay County Intensifies Efforts Against Cryptocurrency Scams
17.8.2024
The Clay County Prosecutor’s Office, located in Liberty, Missouri, is intensifying efforts to combat the rise in cryptocurrency-related scams. Recognizing the growing threat posed by scams related to cryptocurrencies like bitcoin and ethereum, the office is organizing a specialized training...
Nigeria Seizes $37.5M in Digital Assets After Court Grants Freezing Order
16.8.2024
The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which alleged that the money was linked to money laundering...
Police Warn of Bitcoin Scammers Posing as Bank Representatives
14.8.2024
The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from...
Homeland Security leads to man charged over crypto recovery scam
7.8.2024
At least 175 people claim they engaged Coin Dispute Network to help them recover funds but never saw a single cent returned
India demands $91.9M from Binance in unpaid GST taxes
6.8.2024
Binance faces a demand for nearly $92 million in unpaid GST from Indian authorities, aiming to resume operations after a previous ban
Australia Flags Over 2,000 Compromised Crypto Wallets
5.8.2024
More than 2,000 compromised cryptocurrency wallets belonging to Australians were recently uncovered during a global operation targeting cryptocurrency scammers. The Australian Federal Police is reportedly investigating Australian losses identified in “Operation Spincaster” and gathering...
China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects
31.7.2024
Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago