2 / 4 Relevant items tagged with #Crime

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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.

Crypto Crime Amounted to Over $24B in 2023: Chainalysis

[Jan 18 8:00 AM] The figure is nearly 40% less than that of 2022, however it is only provisional, Chainalysis stressed.

Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says

[Dec 27, 2023 6:51 AM] The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.

If You're in Crypto, You're a Criminal

[Dec 20, 2023 1:19 PM] Senator Warren thinks all crypto people are crooks. We obviously agree. 100%.

Crypto Crimes Highlighted in IRS Criminal Investigation’s 2023 Top 10 Criminal Cases

[Dec 15, 2023 5:30 PM] In the IRS’s list of top 10 criminal cases for 2023, cryptocurrency frauds are featured, ranging from multi-million dollar tax evasions to elaborate money laundering schemes. Crypto Scams Among Most Significant Financial Crimes in IRS…

Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.

[Dec 14, 2023 10:20 AM] The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.

Do Kwon Faces Extradition to U.S. for Charges Tied to the TerraUSD and Luna Collapse: WSJ

[Dec 7, 2023 11:33 AM] The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.

Crypto is for criminals? JPMorgan has been fined $39B and has its own token

[Dec 6, 2023 10:06 PM] Crypto proponents on X wasted no time pointing out the hypocrisy of JP Morgan CEO Jamie Dimon’s recent remarks to the United States Banking Committee about Bitcoin and crypto.