3 / 4 Relevant items tagged with #LawEnforcement
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Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued
Syrian Crypto Dealer Freed From Kidnappers Who Demanded Ransom of Over $1.1 Million
[May 8, 2023 5:30 AM] Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of…
Ukraine, US Shut Down 9 Cryptocurrency Exchanges
[May 4, 2023 1:30 AM] Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal proceeds. The platforms were allegedly processing dirty money obtained from ransomware attacks and various…
Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million
[May 3, 2023 8:00 AM] On May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and Brazil culminated in 288 arrests, along with the confiscation of 850 kg of illegal drugs, 117 firearms, and $53.4 million…
Report: Terraform Labs Co-Founder Do Kwon Charged by Montenegro Prosecutors
[Apr 21, 2023 4:00 AM] Nearly a month after Do Kwon’s arrest by Montenegro law enforcement, local prosecutors have now indicted the co-founder and CEO of Terraform Labs. The decision to indict Kwon is likely to delay attempts to extradite him to South Korea and the…
Australian crypto scams increased by over 162% with nearly $150M lost
[Apr 17, 2023 7:48 PM] While the total figures are “alarming,” crypto scams accounted for 7.1% of the total $2.08 billion stolen from Australians in 2022.
Police in Kosovo Seize Crypto Mining Rigs From Serbs
[Apr 16, 2023 3:30 PM] Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in…
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
[Apr 16, 2023 1:30 AM] On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more…
Crypto Exchanges Must Share User Data With Russia, Prosecutor General Demands
[Apr 8, 2023 9:30 PM] Digital asset exchanges must be obliged to provide user information to Russia’s law enforcement agencies, the country’s Prosecutor General has insisted. The circulation of cryptocurrencies in the Russian Federation needs to be regulated to counter…
US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion
[Mar 26, 2023 10:30 AM] As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020…
Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal
[Mar 15, 2023 10:30 PM] The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal…
Binance Trains Ukraine’s Cyberpolice and Security Service
[Mar 12, 2023 4:30 PM] Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries…
Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022
[Mar 9, 2023 6:30 AM] According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology…
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports
[Mar 6, 2023 6:30 AM] The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual…
Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace
[Feb 23, 2023 12:30 PM] A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole…
Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows
[Feb 2, 2023 6:30 AM] Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the…
Hive Ransomware Network Dismantled by American, European Law Enforcement
[Jan 27, 2023 3:30 PM] Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted…
Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims
[Jan 25, 2023 9:30 PM] Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s…
Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says
[Jan 24, 2023 8:30 AM] European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with…
Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria
[Jan 12, 2023 9:00 AM] According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into…
Crypto Community Asks: Where in the World Is Ex-Alameda CEO Sam Trabucco?
[Dec 24, 2022 1:30 PM] Following FTX co-founder Sam Bankman-Fried’s arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the team’s inner circle. Another person people are…
Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019
[Dec 23, 2022 4:30 PM] On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of…
SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security
[Dec 22, 2022 4:00 PM] On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key…
FTX’s Gary Wang and Alameda’s Caroline Ellison Plead Guilty to Fraud, Duo Is ‘Cooperating’ With Feds
[Dec 21, 2022 9:04 PM] On Dec. 21, 2022, U.S. attorney Damian Williams announced that the Southern District of New York (SDNY) Department of Justice (DOJ) filed charges against Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang. Williams declared that…
Fugitive Do Kwon Now Staying in Serbia Report Says — Terraform Labs CEO Suggests SBF Is to Blame for UST Depeg
[Dec 12, 2022 4:30 PM] A new report has claimed that Do Kwon, the fugitive CEO of Terraform Labs, is currently staying in Serbia. The report added that the South Korean government has engaged the Serbian government regarding the matter. Meanwhile, Kwon has accused Sam…
Russia’s Interior Ministry Employs Tool to Identify Crypto Wallet Owners, Track Transactions
[Dec 9, 2022 8:30 PM] The Russian Ministry of Internal Affairs is now using a digital tool allowing officers to link cryptocurrency wallets to their owners. The software also has a feature facilitating the monitoring of crypto asset transactions, the department told…
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
[Nov 23, 2022 6:30 AM] Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their…
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins
[Nov 14, 2022 1:30 PM] According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction…
Crypto exchange Kraken freezes accounts related to FTX and Alameda
[Nov 13, 2022 8:25 PM] Kraken said it froze account access to certain funds “we suspect to be associated with ‘fraud, negligence or misconduct’ related to FTX.”