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Banker Faces 10-year Jail Term after Borrowing Money in Mother’s Name to Buy Crypto
1.10.2021
aded guilty to violating the Act on the Aggravated Punishment of Specific Economic Crimes.The court heard that A has “illegally borrowed” over USD 2.3m worth of fiat KRW “in the name of his mother and other relatives” in a period from October 2019 to March 2020 while working in the loans depa
U.S. government goes to court over $11m USDT purportedly stolen by fake Coinbase rep
24.9.2021
In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse
Netflix to release documentary about QuadrigaCX CEO's mysterious life and death
23.9.2021
Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed
Additional compensation available for Cryptsy victims, court notice says
22.9.2021
Those who lost money in a 2016 U.S. crypto exchange heist maybe be entitled to additional recoupment
US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks
21.9.2021
The government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments
Monero’s former maintainer released from US custody
21.9.2021
“I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all,” said Riccardo Spagni
South African Exchange Sets New Crypto Withdrawal Limits — Restrictions ‘a Deterrent for Illicit Actors’
9.9.2021
One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the crypto ecosystem.”...
Chairman of Nigerian Economic Crimes Commission: Crypto Growth Is a ‘Far Greater Danger to the World Economy’
8.9.2021
The chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has singled out the growth of cryptocurrencies as something that now poses “a far greater danger to the world economy.” Therefore, in order to deal with such dangers or threats, Bawa...
After Warnings from South African Regulators Binance Rejects Accusations It Provides Financial Advice
5.9.2021
Beleaguered crypto exchange, Binance, has released a statement in which it denies accusations that provides financial advice or renders any intermediary services. In a statement released on Twitter less than 24 hours after the Financial Sector Conduct Authority (FSCA)’s warning, the crypto...
The Great American Road Trip, Only It's The '90s And You're A Con Artist
3.9.2021
I was born in 1991, which means that I wasn’t a teen until the early 2000s. I still think of myself as a ‘90s kid, though, because the early 2000s were just the 1990s with more internet. So The Big Con, out now on Xbox and PC, reminds me of my youth, a time when trips to the video store were...
El Salvador police arrested and released Bitcoin detractor without a warrant
1.9.2021
The National Civil Police later released a statement saying Mario Gómez’s detainment was related to an investigation for financial fraud
US postal inspectors need ‘comprehensive crypto training,’ audit finds
1.9.2021
An internal audit released by the United States Postal Inspection Service has recommended that the agency develop a "comprehensive crypto training program" to reduce risks during its investigations
Binance denies allegations of market manipulation
23.8.2021
The exchange hinted of legal action against "FUD-peddlers and individuals with malicious intent" threatening its business interests
Digital intelligence must overcome challenges to solving crypto crimes
20.8.2021
Changing an intelligence agency's perspective on crypto crime is the next step toward a successful crypto investigation
Swedish gov't pays out $1.5M in Bitcoin to convicted drug dealer
20.8.2021
The Swedish prosecutor had argued in court that the man should be stripped of his illicitly-earned Bitcoin at the equivalent value in fiat currency at the time of his conviction
Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering Charges
18.8.2021
Larry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining Harmon $60 million last year. Helix Operator...
Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering
17.8.2021
The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation...
Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC
11.8.2021
Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end investigations by the two agencies. Bitmex Settles...
SEC claims first enforcement action in $30M fraud case involving DeFi project
6.8.2021
"The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back," said the SEC
Panic selling is crypto investors' biggest mistake, new survey reveals
4.8.2021
Out of the 1,021 U.S.-based crypto owners, one-third have already fallen for a crypto scam via emails, websites and fake mobile apps