FBI raids home of Polymarket CEO Shayne Coplan
[Nov 13 10:11 PM] The decentralized betting platform CEO was targeted in a morning FBI raid, seizing his phone and electronics.
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First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation
[Sep 6 11:30 PM] In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals…
National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation
[Aug 23 9:30 PM] The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment…
Economist Jim Rickards: The Global Clearance and Settlement System Might Collapse After Seizure of Russian Assets
[Jun 3 10:11 AM] Jim Rickards, an economist and author of the best-selling book ‘Currency Wars,’ has issued an alert about the possible collapse of the global clearance system. In a recent interview, Rickards noted that Euroclear, a settlement service, holds $200…
Venezuelan Authorities Seize Over 6,000 Bitcoin Miners in 2 New Operations; Over 17,000 Confiscated In Total
[May 26 11:33 AM] Venezuelan authorities led by the National Power Ministry and Corpoelec, the state-owned power company, have seized over 6,000 bitcoin miners in two new operations. The ministry, which recently declared that it would disconnect all bitcoin miners…
Tether Assists US Government in Seizing $1.4 Million From Unhosted Wallet
[Mar 14 5:10 PM] Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, announced that it helped the U.S. government to seize $1.4 million linked to an alleged fraud scheme. According to the Northern District of…
DEA Duped: How a Crafty Crypto Scammer Outwitted the Agency and Made Off With $55K
[Aug 26, 2023 11:30 AM] In a revealing report published on August 24, 2023, a significant oversight by the Drug Enforcement Agency (DEA) was brought to light. In their endeavor to manage assets confiscated from a nefarious enterprise, the DEA mistakenly funneled funds to…
Crypto Mining Crackdown in Malaysia: Sarawak Police and Energy Plant Dismantle Illegal Mining Operation
[Jul 30, 2023 11:30 PM] 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…
Romanian Prosecutors Pursue Confiscation of $563K Bitcoin Stash Owned by Andrew Tate
[Jun 20, 2023 11:30 AM] Romanian prosecutors have officially submitted documents to the court, seeking the seizure of 21 bitcoin valued at $563,000 from Andrew Tate, a controversial social media influencer. The British-American ex-kickboxer, who gained a significant…
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…
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
[Apr 4, 2023 6:30 PM] Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may…
US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker
[Apr 1, 2023 11:30 AM] According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this…
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
[Mar 10, 2023 5:30 PM] Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing…
Spanish Tax Agency Puts Crypto in Its Sights for the Upcoming Tax Season
[Mar 3, 2023 4:30 AM] The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season. Apart from boosting the channels for voluntary tax applications, the agency will potentiate the investigation of…
US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried
[Jan 21, 2023 10:30 AM] Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank…
Iran Returns Seized Crypto Mining Equipment to Miners
[Jan 3, 2023 4:30 PM] A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed…
Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say
[Dec 19, 2022 1:00 AM] Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use…
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets
[Nov 24, 2022 5:30 PM] The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the…
U.S. Department of Justice Seized Over $3.36 Billion In Bitcoin Tied To Silk Road
[Nov 7, 2022 10:47 AM] James Zhong stole over $3 billion BTC from Silk Road by committing wire fraud and possibly faces over 20 years in prison in the latest U.S. seizure.The U.S. Department of Justice seized over $3.36 billion in BTC related to Silk Road that has been…