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7 Arrested in Illegal Bitcoin Mining Crackdown in Malaysia

[Aug 21 2:30 AM] Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting…

Indian Authority Arrests Man in Crypto Extortion Case

[Aug 18 2:30 AM] A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according…

DOJ recommends harsher sentences AI-enhanced crimes

[Aug 7 9:30 PM] Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon.

Russian-Speaking Groups Responsible for Majority of Crypto Ransomware Attacks in 2023: TRM Labs

[Jul 25 6:00 AM] Inflows to Russia-based crypto exchange Garantex accounted for 82% of the crypto volumes that belonged to sanctioned entities internationally, the report added.

2 Promoters of Forcount Crypto Ponzi Scheme Plead Guilty to Wire Fraud Conspiracy

[Jul 23 10:20 AM] Two more promoters of the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors out of $8.4 million between 2017 and 2021 – have pleaded guilty to their roles in the scheme.

UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business

[Jun 20 6:14 AM] The two suspects were interviewed under caution by the FCA and then released on bail.

US Charges Empire Market Operators in $430M Dark Web Scheme — They Face Maximum Sentence of Life in Prison

[Jun 18 8:31 PM] The U.S. Homeland Security Investigations has charged two men for operating Empire Market, a dark web marketplace, facilitating $430 million in illegal transactions. The defendants face severe penalties, including life imprisonment. “During…

Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime

[Jun 3 9:34 PM] The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data…

Former Binance CEO CZ Begins 4-Month Prison Sentence in California

[Jun 3 11:33 AM] Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world's largest cryptocurrency exchange.

Crypto Bettors Lay 17% Odds on Donald Trump in Jail Before Election Day

[May 31 5:38 AM] Gamblers have placed almost $900,000 in bets on the “Trump in jail before election day?” market on the predictions application Polymarket.

U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'

[May 29 1:00 PM] "The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes," the Treasury said.

British-Chinese Money Launder Sentenced to 6 Years in Prison for Role in $6B Fraud: FT

[May 24 9:39 AM] Jian Wen, 42, who was alleged to have carrying out the laundering on behalf of her former boss, was found guilty in March.

Dark web market owner arrested in New York after FBI traces crypto

[May 20 7:34 PM] The FBI claimed it found Incognito Market’s alleged owner, Rui-Siang Lin, by tracking crypto from the dark web drug market to a crypto exchange account allegedly in his name.

Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York

[May 20 3:38 PM] U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl.

Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme

[May 15 5:24 PM] Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme.

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

[May 13 4:50 AM] Police in Panshi City, Jilin arrested six people for running an "underground bank."

Binance CEO Teng Says Nigeria Must Release Gambaryan, Detention Sets 'Dangerous New Precedent'

[May 7 2:28 AM] The executive's detention sets a "a dangerous new precedent," Teng wrote in a blog post.

Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions

[May 1 7:00 AM] Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.

Jebara Igbara, AKA 'Jay Mazini,' Sentenced to 7 Years in Prison for Crypto-Related Fraud

[Apr 25 4:49 AM] Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.

Indian Man Pleads Guilty to Creating Spoofed Coinbase Website, Stealing $9.5M in Crypto

[Apr 19 4:24 PM] According to court documents, Chirag Tomar used his ill-gotten gains to buy Rolexes, Lamborghinis, Porches and more.

Sam Bankman-Fried Deserves a Life After Prison

[Mar 28 10:49 AM] He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented.

Nigeria Charges Binance, Detained Executives With Tax Evasion: Reports

[Mar 25 2:59 AM] One of two senior Binance executives in government custody has escaped, local media reported over the weekend.

Guilty Verdict for Woman Accused of Laundering Bitcoin Tied to Alleged $6B China Fraud: Bloomberg

[Mar 20 10:32 AM] Police in the U.K. seized over 1.7 billion pounds ($2.2 billion) worth of related bitcoin in 2018.

Crypto Investment Scam Losses in U.S. Grew 53% to $3.94B in 2023: FBI

[Mar 8 11:36 AM] Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.

UK Law Enforcement Will Soon Have More Power to Seize Crypto Assets

[Mar 1 12:19 PM] A crime bill passed last year gave law enforcement agencies more power to seize and freeze crypto.

The European Central Bank Is Either Lying About Bitcoin or Lying to Itself

[Feb 22 1:26 PM] ECB Director General Ulrich Bindseil and advisor Jürgen Schaaf are definitely against bitcoin, but their reasons don’t make a lot of sense.

Crypto Crime Could Mean Jail for Life in South Korea

[Feb 7 4:35 AM] The new consumer protection rules will take effect in July 2024.

Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro

[Feb 5 6:11 AM] Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.

Binance Freezes $4.2M in XRP Tokens Stolen From Ripple Executive's Wallet

[Feb 2 2:40 AM] Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.

UK Police Seize Nearly $1.8B of Bitcoin From Investment Fraud in China: FT

[Jan 31 9:35 AM] A London court heard of the seizure Tuesday as part of the trial of Jian Wen, who is accused of laundering bitcoin on behalf of her former employer, Yadi Zhang, FT reported.