Crypto exchange giant Coinbase has revealed a significant 19% increase in information requests from law enforcement agencies globally over the past year. This trend highlights growing regulatory scrutiny […]
UK Hacker Ordered to Pay Over $5 Million for Bitcoin Scam
Joseph James O’Connor, the British hacker behind the infamous 2020 Twitter hack involving high-profile accounts like Elon Musk and Barack Obama, has been ordered to pay over $5 […]
Pig-Butchering Crypto Schemes: From Fraud to National Security Risk
A concerning shift in the narrative surrounding pig-butchering crypto scams has emerged. Chainalysis and Operation Shamrock, two influential organizations focusing on cybersecurity and financial crime, have recently declared […]
U.S. Launches Crackdown on Southeast Asian Crypto Scams
The U.S. government has formed a dedicated task force to combat the growing problem of cryptocurrency scams originating in Southeast Asia, specifically targeting high-risk regions like Burma, Cambodia, […]
U.S. Targets Burma’s Crypto Scams, Freezing Billions in Assets
The U.S. Treasury has launched a new Strike Force dedicated to combating international ‘pig butchering’ crypto scams, with its focus now on Burma. This initiative signals a major […]
Bitcoin Laundering Case in UK: Fugitive Jailed for Billions
A Chinese fugitive, Qian Zhimin (also known as Yadi Zhang), has been sentenced to over 11 years in the UK for laundering billions of dollars worth of Bitcoin. […]
Bitcoin Laundering Case: China Woman Imprisoned Over $6.3 Billion Fraud
A shocking case involving a massive Bitcoin laundering operation has resulted in a Chinese national being sentenced to nearly 12 years in prison. Qian Zhimin, a 47-year-old woman, […]
Coinbase Europe Loses €21.5 Million for Major Transaction Monitoring Flaws
The Central Bank of Ireland has issued a hefty fine of €21.5 million to Coinbase Europe, holding the firm accountable for substantial failures in transaction monitoring. The regulator […]
€600 Million Crypto Scam Dismantled: Nine Suspects Arrested in Five Countries
A €600 million cryptocurrency scam has been dismantled by European authorities, leading to the arrest of nine suspects across five countries. The operation, coordinated by Eurojust, involved law […]
Beijing Court Jails Five in $166M USDT Forex Crime Case
In a landmark case highlighting China’s crackdown on cryptocurrency-based illicit financial activity, five individuals have been sentenced to prison for using Tether (USDT) for disguised cross-border currency exchange. […]
Europol Bolsters International Efforts Against Crypto Crimes
Europol has strengthened international cooperation in combating cryptocurrency crimes, aiming to enhance the fight against financial fraud linked to digital assets. Key initiatives include boosting collaborations with global […]
Prince Group Chairman Arrested in $150 Million Telecom Fraud Case, Bitcoin Seizure Impacts Market
Singapore authorities arrested Chen Zhi, chairman of Prince Group, on charges of transnational telecom fraud and crypto scheme. Over S$150 million worth of assets, including Bitcoin, have been […]
Tether, TRON and TRM Labs Join Forces to Freeze Over $300 Million in Illicit Crypto Assets
A new joint unit formed by Tether, TRONDAO, and TRM Labs has made significant strides in combating illicit cryptocurrency activity. Since its launch in September 2024, the T3 […]
T3 Financial Crime Unit Freezes $3 Billion in Illicit Cryptocurrency
The T3 Financial Crime Unit (FCU) has made a significant stride by freezing over $3 billion in illicit cryptocurrency assets globally. This achievement, recognized for its critical role […]
N300.2 Billion Lost: SEC Reveals Impact of Ponzi Schemes in Nigeria
The Securities and Exchange Commission (SEC) has confirmed that Nigerians have lost N300.2 billion to fraudulent investment schemes known as Ponzi schemes over the past years. This figure, […]