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Turkish President Erdogan Says Cryptocurrency Law Is Ready as Crypto Regulator Fines Binance 8 Million Lira
26.12.2021
Turkey’s President Recep Tayyip Erdoğan reportedly announced that the country’s cryptocurrency law “is ready” and will be submitted to parliament “without delay.” Meanwhile, Turkey’s Financial Crimes Investigation Board (MASAK), which oversees...
Beware of sophisticated scams and rug pulls, as thugs target crypto users
24.12.2021
The year 2021 has seen an increase in “rug pulls,” a new scam capable of luring both early adopters and new crypto investors
Crypto tumblers, exchanges under microscope as DOJ launches new task force
7.12.2021
Under the pretext of holding corrupt actors accountable, the new taskforce will address crimes related to the criminal misuse of cryptocurrency
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
16.11.2021
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department
Silk Road 2 Admin Forfeits $667,000 in Bitcoin to British Law Enforcement
3.11.2021
According to reports, the founder of the now-defunct Silk Road 2 marketplace has forfeited more than half-billion dollars worth of bitcoin to British authorities. White’s Silk Road 2 admin handle was called “Cthulhu,” and he also dubbed himself as “DPR2.” Silk...
Tether trials Notabene’s new travel rule technology to combat financial crimes
26.10.2021
The "Travel Rule" aims to bring reporting standards for virtual asset service providers in line with other traditional financial institutions
FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware
19.10.2021
FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants out there. The organization stated in a report issued last week that the mean average total monthly suspicious amount of ransomware transactions...
How will DOJ’s new crypto enforcement team change the game for industry players, good and bad?
15.10.2021
In a bid to catch up with cybercriminals, the Justice Department is pooling all crypto expertise in one place
US Launches National Cryptocurrency Enforcement Team to Prosecute ‘Criminal Misuses of Cryptocurrency’
7.10.2021
The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money...
Squid Game Features A Real Person's Phone Number, So Netflix Is Editing It Out
6.10.2021
In Squid Game, participants are given a business card. On one side are PlayStation-like icons, and on the other is a phone number to call. The number, however, is real. Read more
Brazil aims to tighten penalties for crypto-related financial crimes
4.10.2021
The penalties are part of a new piece of legislation that also regulates crypto trading and payments
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...