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U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'
29.5.2024
"The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes," the Treasury said
Hospitality worker jailed for $2.5B Bitcoin laundering scheme
29.5.2024
The authority’s suspicion was based on Wen's change in lifestyle. In 2017, she reportedly moved to a six-bedroom mansion in North London
Former FTX Executive Ryan Salame Sentenced to 7.5 Years for Criminal Charges
28.5.2024
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison by Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York after pleading guilty to criminal charges, including engaging in an unlawful political influence campaign and operating...
British-Chinese Money Launder Sentenced to 6 Years in Prison for Role in $6B Fraud: FT
24.5.2024
Jian Wen, 42, who was alleged to have carrying out the laundering on behalf of her former boss, was found guilty in March
Crime Boss: Rockay City chystá vydání na Steamu společně se sci-fi rozšířením Cagnali's Order
22.5.2024
US prosecutors push for 5–7 years prison for ex-FTX exec
22.5.2024
The U.S. prosecutors demanded “just punishment” fitting the scale of his crime. Salame’s lawyers argue that he should serve no more than 18 months
Kronos Research hacker moves $3.7M to Tornado Cash after Ethereum price surge
21.5.2024
The transfer occurred after Ether's price rose over 20% during the past day, boosted by a potential U-turn by the United States SEC
Dark web market owner arrested in New York after FBI traces crypto
21.5.2024
The FBI claimed it found Incognito Market’s alleged owner, Rui-Siang Lin, by tracking crypto from the dark web drug market to a crypto exchange account allegedly in his name
Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York
20.5.2024
U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl
China Police Uncover $2B USDT Underground Banking Operation
16.5.2024
Chinese police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans.
The post China Police Uncover $2B USDT Underground Banking Operation appeared first on Cryptonews
Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme
16.5.2024
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme
Sonne Finance Suffers $20M Exploit, Hacker Flees
15.5.2024
Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC, and flees.
The post Sonne Finance Suffers $20M Exploit, Hacker Flees appeared first on Cryptonews
Tether freezes $5.2 million in USDT linked to phishing scams
14.5.2024
Since its inception, Tether has frozen over $1 billion worth of assets linked to illicit activities on demand from law enforcement agencies
Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report
13.5.2024
Police in Panshi City, Jilin arrested six people for running an "underground bank."
Nigerian officials proposed secret crypto settlement, claims Binance CEO
7.5.2024
Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them
Binance CEO Teng Says Nigeria Must Release 'Beloved Colleague' Gambaryan
7.5.2024
The executive's detention sets a "a dangerous new precedent," Teng wrote in a blog post
Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam
4.5.2024
An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam.
The post Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam appeared first on Cryptonews
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23
3.5.2024
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly...
FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme
2.5.2024
The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation
UK FCA Dedicated 30% of Financial Crime Personnel to Monitor Crypto Companies in 2023
2.5.2024
The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses, according to a report released on May 1.
The post UK FCA Dedicated 30% of Financial Crime Personnel to Monitor Crypto Companies in 2023 appeared first on Cryptonews