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CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex
8.9.2023
The commodities regulator handed out fines of $250,000, $200,000, and $100,000 respectively to the three firms in addition to cease and desist orders
Russia: Illegal Crypto Miner ‘Stole $225,000 From Grid’
7.9.2023
An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed.
Per the Russian legal publication Pravo, the miner allegedly siphoned off electricity from the grid in Yuzhno-Sakhalinsk, in the Sakhalin...
BNB Price Prediction Amid Speculation CZ Pushing to Liquidate & Burn Illegal Tokens
21.8.2023
BNB, the tokens that powers the Binance Smart Chain or BNB Chain, fell to its lowest level since July 2022 under $210 on Monday.
Speculation is rife that Binance CEO Changpeng Zhao might be pushing for a series of major loan liquidations on the BNB Chain-based Venus protocol.
Last October,...
Former FTX Co-CEO Ryan Salame to Plead the Fifth, Declares Himself ‘Unavailable as a Witness’
15.8.2023
U.S. federal prosecutors have unveiled court documents indicating that ex-FTX CEO Sam Bankman-Fried (SBF) is entangled in a web of allegations, with illegal political campaign financing being a significant charge. In light of these allegations against SBF, Ryan Salame, FTX Digital Markets’...
Ex-FTX exec Salame won’t testify in alleged illegal campaign donation case
15.8.2023
Ryan Salame plans to plead the Fifth if he is asked to testify at Sam Bankman-Fried's criminal trial, according to United States prosecutors
Borneo authorities seize illegal crypto miners running off stolen power
31.7.2023
A Malaysian energy supplier uncovered an illegal cryptocurrency mining operation stealing power from the local grid on the island nation of Borneo
Binance's Activities Are Illegal in Nigeria, Securities Regulator Says
31.7.2023
The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors
Crypto Mining Crackdown in Malaysia: Sarawak Police and Energy Plant Dismantle Illegal Mining Operation
31.7.2023
A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made possible by a tip-off from the public....
Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...
South Korea Forms Joint Crypto Crime Investigation Unit to Fight Surging Crypto Illegal Activities
26.7.2023
South Korean prosecutors and financial authorities have launched an interagency crypto crime division to crack down on crypto-related illegal activities.
The Seoul Southern District Prosecutors' Office said Wednesday that the joint virtual asset investigation team will comprise 30 staff...
Despite Nintendo And Valve, Emulator Dev Isn't Worried About Legal Danger
20.7.2023
While Nintendo loves a lawsuit and emulation is often a contentious issue for publishers, few situations have been quite as high-profile as the recent attempt to launch GameCube and Wii emulator Dolphin on Steam. The 20-year-old emu engine has long been available online, but this attempt to become...
UK FCA shuts down 26 crypto ATMs following coordinated investigation
11.7.2023
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017
Coinbase Alleges SEC Lacks ‘Any Powers to Regulate Digital Asset Exchanges’ in Recent Filing
30.6.2023
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has filed a 177-page answer to the complaint introduced by the U.S. Securities and Exchange Commission (SEC), where the agency states the company was involved in the illegal brokerage of securities. Coinbase alleges that...
Alleged Admin of Darknet Marketplace Monopoly Market Extradited to US
29.6.2023
The suspected administrator of the Monopoly Market darknet marketplace has been extradited from Austria to face charges in the U.S. The man, a citizen of Serbia and Croatia who was arrested in Vienna last November, has been accused of facilitating $18 million in illegal drug transactions using...
Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm
26.6.2023
Around 50 Chinese nationals have reportedly been apprehended by Libyan authorities following allegations of running a cryptocurrency mining facility within the city of Zliten, local reports detail. Cryptocurrency mining is strictly prohibited by law in Libya. Libyan law enforcement officials have...
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
26.6.2023
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation
Ukrainian Investigators Find ‘Illegal Crypto Mining Farm’ at State-run Firm
21.6.2023
Ukraine’s State Bureau of Investigation says it has uncovered an illegal crypto mining farm in a state-owned enterprise in the Western region of Lviv.
In an official post, the bureau (SBI) said that the farm was being run by managers of a branch of the state-owned company Forests of Ukraine...
Nigerian Regulator Labels Binance Affiliate’s Local Operations Illegal
11.6.2023
The Nigerian Securities and Exchange Commission has said crypto exchange Binance’s local affiliate “is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal.” The regulator has also said anyone who continues to deal with Binance...
Binance's Nigeria Unit Ordered to Halt 'Illegal' Operations by Securities Watchdog
10.6.2023
The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws
A Nintendo Switch Like This Should Frankly Be Illegal
9.6.2023
If you have a Switch, chances are very good that you’ve seen, or even own, some sort of cat-themed peripheral. As you read this, there are paw-shaped thumbstick covers collecting dust somewhere under my bed, having slipped from my Joy-Cons god knows when. We’ve all fallen prey to the cozy...