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Latam Insights Encore: Brazil Shows How States Should Keep an Eye on Crypto Usage for Nefarious Purposes

[Sep 17 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how Brazil is becoming an example of how states should enforce crypto compliance by…

Concerns grow over Binance executive’s health during detention in Nigeria

[Aug 26 12:15 PM] Tigran Gambaryan’s family raises alarms over his deteriorating health conditions, alleging medical negligence during his six-month detention in Nigeria.

2 Foreign Nationals Plead Guilty in Lockbit Ransomware Case

[Jul 20 2:30 PM] Two foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail…

Queens Woman Indicted for Hiring Hitman With Cryptocurrency on Dark Web

[Jul 15 5:10 AM] A Queens woman, Yue Zhou, has been indicted on charges of murder for hire, following an investigation led by Homeland Security Investigations (HSI) New York. Zhou allegedly used a dark web site to solicit a hitman, offering cryptocurrency, cash…

Rising crypto crimes in Australia prompt call for tougher regulations

[Jul 15 12:46 AM] AUSTRAC's latest report highlights a rise in criminal use of cryptocurrencies, urging stricter regulations and international cooperation to combat money laundering.

UK’s Crown Prosecution Service Announces First Case Involving Monero Conversion

[Jul 14 8:31 PM] Jack Finney has been ordered to forfeit gains from selling a toxic substance marketed as a weight loss drug. The order includes proceeds in monero cryptocurrency and other assets. “This is the first case where we have converted Monero…

Chainalysis: $100 Billion in Illicit Crypto Funds Traced Since 2019

[Jul 13 5:16 AM] Crypto analytics firm Chainalysis has previewed an in-depth report on money laundering within the crypto space, providing insights into tracing illicit funds and advanced identification techniques. The firm discovered that since 2019, nearly $100…

Crypto Theft Mastermind Convicted in US for Home Invasions, Kidnappings, and Robberies

[Jun 26 11:33 PM] A Florida man has been convicted in the United States for orchestrating an international scheme that involved violent home invasions aimed at stealing cryptocurrency. The operation targeted victims throughout the country, who were kidnapped and…

Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered

[Feb 2 7:00 PM] In recent developments, two California school district officials have admitted guilty to stealing up to $1.8 million and misappropriating electricity to finance and operate a clandestine crypto-mining operation.  The United States Department of…

US Senators Introduce Bill ‘to Combat Illicit Use of Crypto Assets’ Through Public-Private Partnership

[Jan 19 8:30 PM] U.S. lawmakers have introduced a bill “to combat the illicit use of crypto assets.” The Preventing Illicit Finance Through Partnership Act “will allow federal regulators to work with the private sector to gain insight into the…

Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’

[Dec 26, 2023 1:30 AM] The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed…

Tether Freezes $225 Million in USDT After DOJ Investigation, Calling It ‘Largest-Ever Freeze of USDT’

[Nov 20, 2023 6:30 PM] Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze $225 million in USDT following an investigation by the U.S. Department of Justice (DOJ). The tokens were…