The U.S. Department of the Treasury has designated the Cambodian-based Huione Group as a major money laundering concern, citing connections to transnational cybercrime networks. This action underscores the […]
Russia to Enforce Seizure of Cryptocurrencies in Criminal Cases
To combat financial crimes involving cryptocurrencies, Russia is modernizing its legal tools by proposing a bill that would classify digital assets as property. The move allows courts and […]
Hong Kong Police Dismantle Massive Cryptocurrency Laundering Network
In a major breakthrough, Hong Kong police dismantled a cross-border cryptocurrency laundering network that allegedly facilitated over $15 million in illicit activity. The operation resulted in the arrest […]
Hong Kong Police Crackdown: 12 Arrested in $15 Million Crypto Laundering Case
Hong Kong police have taken down a major cryptocurrency laundering operation, arresting 12 individuals for allegedly moving over $15 million in illicit funds. The arrests come as part […]
Man Arrested in New Zealand for Role in $265 Million Crypto Scam
A Wellington resident was apprehended in Auckland as part of an international investigation into a cryptocurrency scam that allegedly stole $265 million (NZD$450 million) from seven victims. This […]
Man Arrested in $265M Cryptocurrency Scam Tied to FBI Investigation
An investigation by the FBI has led to an arrest of a man from Wellington, New Zealand, in connection with a global cryptocurrency fraud operation that is alleged […]
Sichuan Police Dismantle Massive Forex Scheme, Arrest 21 Individuals
Chinese authorities have dismantled a large-scale illegal forex operation in Sichuan province, resulting in the arrest of 21 individuals and over 3.9 billion yuan in illicit currency transactions. […]
Shanghai Police Crackdown on Crypto Laundering Ring
Shanghai police have taken down a criminal network suspected of laundering funds through cryptocurrency, dismantling their operation involving suspects Miao and Wang. Over one million yuan were stolen […]
Nearly Half of Stolen Crypto Remains Unmoved, Analysis Shows
A new report from blockchain intelligence firm Global Ledger reveals that a significant portion of stolen cryptocurrency remains unspent after hacks. In many cases, funds are moved to […]
Crypto Fraud Case Highlights Terrorist Groups’ Use of Cryptocurrency
Mohammed Azharuddin Chhipa, a 35-year-old U.S. citizen, has been sentenced to 364 months in prison for running a sophisticated crypto fraud scheme that supported the terrorist group ISIS. […]
EU Unveils New Legislation for Enhanced Cryptocurrency Transparency
The European Union (EU) has announced plans for new regulations aimed at increasing transparency in cryptocurrency transactions. Eurogroup President and Ireland’s Finance Minister, Paschal Donohoe, revealed this proposal […]
U.S. Targets Huione Group for $4B Money Laundering Tied to North Korea
The U.S. Treasury Department has proposed restrictions against Cambodia-based Huione Group over allegations of laundering $4 billion in illicit funds, including those linked to North Korean hackers. The […]
South Korea: Finance Employee Faces 10-Year Prison for $3.86M Crypto Embezzlement
A recent case in South Korea highlights the growing intersection of traditional finance and the volatile world of cryptocurrencies. A finance department employee allegedly embezzled a staggering $3.86 […]
U.S. Treasury Targets Huione Group for Crypto Laundering Allegations
The U.S. Treasury is proposing to block the Huione Group, a Cambodian conglomerate linked to the illicit online marketplace, from accessing the American financial system. The move follows […]
AUSTRAC Cracks Down on Inactive Crypto Exchanges in New Enforcement Action
Australia’s financial intelligence agency, AUSTRAC, has launched a regulatory crackdown targeting inactive cryptocurrency exchanges registered within the country. This move aims to mitigate money laundering risks by ensuring […]