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Belarus Has Seized Millions of Dollars in Crypto, Chief Investigator Claims
29.5.2022
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars. Companies...
Bulgarian Crypto Trader Disappears Under Mysterious Circumstances
27.5.2022
The whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto trader, are unknown since Monday. Law enforcement officials are now investigating his possible abduction while some in the local crypto community speculate he might be hiding from disgruntled investors. Bulgarian...
Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean?
24.5.2022
British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method
Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam
23.5.2022
South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in...
Crypto Mining Farm Uncovered in Russia’s Oldest Prison
22.5.2022
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency...
Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm
19.5.2022
Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto...
US Appeals Court Orders SEC to Bring Enforcement Actions to Jury Trials
19.5.2022
The 5th Circuit Court of Appeals in the U.S. found that the target of an SEC enforcement action's constitutional rights were violated by the use of an in-house SEC judge, rather than a jury trial
CFTC Chair Indicates Agency Will Increase Crypto Enforcement: Report
19.5.2022
Rostin Behnam said the agency was facing a rapidly increasing number of cases and would add resources to address crypto fraud
SEC chair uses crypto enforcement in justification for FY2023 budget
18.5.2022
"We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space," said Gary Gensler
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
15.5.2022
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities....
US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme
15.5.2022
Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme. Officials Share Data on Global Crypto Crime The heads of tax enforcement from the Joint...
Hong Kong Police Arrest Conman After He Vanished With Over $191K Belonging to a Crypto Trader
13.5.2022
Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if the man had accomplices. No Funds Recovered...
Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement
5.5.2022
Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.”...
Report: Two South Koreans Paid in Bitcoin to Spy for North Korea
4.5.2022
South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total...
Hester Peirce Pushes Back Against SEC’s Plans to Nearly Double Crypto Enforcement Staff
3.5.2022
U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce took to Twitter on Tuesday to voice her opposition to the addition of 20 new jobs on the regulatory agency’s crypto enforcement squad
SEC Nearly Doubles Crypto Enforcement Unit — Regulator Says ‘Crypto Markets Have Exploded in Recent Years’
3.5.2022
The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure...
FinCEN acting director says PATRIOT Act provision isn't 'right sized' for crypto enforcement
28.4.2022
Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets
Russian Law Enforcement Submits Proposals to Regulate Seizure of Crypto Assets, Data Sharing
28.4.2022
Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance...
Russian security agency wants exchanges to share data with crime investigators
28.4.2022
The measure comes along with a proposed ban on advertising of non-licensed crypto services
Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26
25.4.2022
The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails