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Queensland’s CCC Aims to Modernize Confiscation Laws to Facilitate “Effective” Seizure of Crypto Assets
10.4.2024
Queensland's Crime and Corruption Commission (CCC) has identified gaps in state laws that inadvertently encourage criminal use of digital assets.
The post Queensland’s CCC Aims to Modernize Confiscation Laws to Facilitate “Effective” Seizure of Crypto Assets appeared first...
Mango Markets Alleged Manipulator To Stand Trial This Week For $110 Million Theft, Used MNGO For Fraud
8.4.2024
The trial of the man accused of stealing an estimated $110 million out of the crypto exchange Mango Markets, Avraham Eisenberg, got underway in Manhattan Monday after he used their crypto token MNGO for fraud purposes. The alleged crypto criminal faces up to 40 years in prison for the scheme.
The...
Former IRS Criminal Investigations Chief Joins Chainalysis as Global Head of Capacity Building
8.4.2024
Chainalysis revealed that Jim Lee has joined the company as its global head of capacity building. In this capacity, he will focus on collaborating with international agencies to develop effective solutions against cryptocurrency-based crime.
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Chainalysis Hires Former IRS Criminal Investigations Chief Jim Lee
8.4.2024
In his new role, Lee will advise law enforcement and tax agencies on how they can better fight crypto crime with Chainalysis’ data
OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme
4.4.2024
Binance Nigeria Case Postponed Until April 19th Amidst Criminal Charges
4.4.2024
Tigran Gambrayan and Nadeem Anjarwalla, two Binance executives held against their will by Nigerian authorities, has been postponed until April 19 as the country seeks criminal charges against the duo, a Thursday court hearing reveals. However, only Gambrayan appeared before Judge Emeka Nwite in...
KuCoin Appears Not to Commingle User Funds and has “Sufficient” Reserves: CryptoQuant CEO
27.3.2024
In the midst of criminal allegations and growing concerns over its reserves, the Seychelles-based cryptocurrency exchange KuCoin has received a vote of confidence from Ki Young Ju, the founder and CEO of crypto analytics service CryptoQuant.
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US Law Enforcement Arrests Mastermind of $1.2 Million MEV Rug Pull Scam
21.3.2024
The U.S. law enforcement authorities have arrested Robert Robb, a MEV bot engineer known as “pokerbrat” for allegedly masterminding a $1.2 million crypto rug pull scam. Robb was detained on March 20, according to a screenshot from the Detention Center Inmate information of the Henderson...
FTX Creditors Submit Impact Statements Before Bankman-Fried’s Sentencing, Highlighting Devastating Consequences
19.3.2024
The Department of Justice (DOJ) has filed dozens of victim impact statements in the criminal case against Sam Bankman-Fried ahead of his sentencing.
The post FTX Creditors Submit Impact Statements Before Bankman-Fried’s Sentencing, Highlighting Devastating Consequences appeared first...
UAE Integrates Cardano Blockchain for Enhanced Criminal Investigation Security
11.3.2024
The United Arab Emirates (UAE) has integrated Cardano blockchain technology to ensure security in criminal investigations. During the World Police Summit in Dubai from March 5 to March 7, 2024, the Dubai police showcased a flagship project based on Cardano.
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South Korea Seeks Interpol’s Aid to Extradite Terraform Labs Co-Founder
7.3.2024
South Korea's National Police Agency has officially requested assistance from the International Criminal Police Organization (Interpol) in bringing back Kwon Do-hyeong, the co-founder of Terraform Labs, to South Korea.
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Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
7.3.2024
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken
‘Criminal Geniuses’ Admit Fortnite Hack Was A Total Hoax
5.3.2024
Last week, reports broke that Fortnite maker Epic Games had allegedly been the victim of a hack, with a supposed ransomware group claiming it had snagged 200 gigabytes of internal data. Almost immediately, however, Epic announced that it had no evidence any such hack had taken place. Now, it turns...
Unveiling the Dark Web: How Privacy Coins Fuel the Trade of Criminal Material Online
1.3.2024
Privacy coins are fuelling the proliferation of child sexual abuse material (CSAM), according to Chainalysis’s 2024 Crypto Crime Report. The report highlights crypto’s growing role as legal tender among dark web vendors of CSAM. Like other things listed on the dark web, CSAM is often...
SBF Requests 63-78 Month Sentence in FTX Fraud, Citing Lack of Criminal History, Young Age
28.2.2024
Lawyers for FTX founder Sam Bankman-Fried have proposed a sentence of 63 to 78 months in prison for their client, citing his charitable work and young age.
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ECB’s Disparaging Comments on Bitcoin Draw the Ire of Crypto Community
23.2.2024
On February 22, the European Central Bank (ECB) described Bitcoin as a 'dead cat' and criticized its use in criminal activities on the darknet. These remarks have ignited a backlash from the crypto community, questioning the ECB's stance and credibility.
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Top Crypto Hedge Fund Faced Swiss Raid Over FTX-Linked Losses
20.2.2024
Crypto hedge fund Tyr Capital Partners faces allegations of "criminal" mismanagement and was raided by a Swiss prosecutor over losses incurred in relation to FTX.
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US Prosecutors Call for Hearing Amid Potential Conflict of Interests in Alex Mashinsky and SBF Cases
8.2.2024
The US government raised concerns about potential conflicts of interest in the ongoing criminal cases of FTX and Celsius Network founders Sam Bankman-Fried and Alex Mashinsky on February 6. The area of concern surrounds the legal representatives handling both cases. In a court filing, the...
Former Terra Development Team Leader Testifies Against Do Kwon
6.2.2024
On February 5, reports emerged from the Korean daily newspaper Chosun, detailing how a former Terra development team leader had come forward with testimony challenging Terra founder Do Kwon. According to the newspaper, the 14th Criminal Division of the Seoul Southern District Court examined...
Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police
5.2.2024
Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country’s Justice Ministry. Han Faces Criminal Charges in South...