U.S. law enforcement has seized over $15 billion worth of Bitcoin as part of a major crackdown on a sprawling international fraud operation dubbed the ‘pig-butchering’ scam originating […]
Chen Zhi Indictment Uncovers $15 Billion Crypto Fraud Case
U.S. authorities have indicted Chen Zhi, chairman of the Prince Holding Group, for allegedly orchestrating a major crypto fraud scheme and money laundering operation. The indictment reveals that […]
US Seizes $14 Billion in Bitcoin, Targeting Crypto Scams and Money Laundering
The United States has seized a significant sum of cryptocurrency – $14 billion worth of Bitcoin – as part of a crackdown on a sprawling international scam operation. […]
U.S. Seizes 127,271 Bitcoin in Ponzi Scheme Case, Raising Concerns About Cross-Border Crypto Crime
The U.S. government has taken a significant step against cross-border crypto fraud by seizing a record-breaking amount of Bitcoin linked to a Ponzi scheme run by Cambodia’s Prince […]
Supreme Court Defies Appeal in OneCoin Lawyer’s Fraud Conviction
The U.S. Supreme Court has rejected Mark S. Scott’s appeal, affirming his conviction for orchestrating a multi-million dollar money laundering scheme associated with the notorious OneCoin cryptocurrency fraud. […]
Kazakhstan Shuts Down Dozens of Crypto Platforms; Seizes $17 Million in Illegal Activities
Kazakhstan, a rising cryptocurrency hub in Central Asia, has taken action against illicit activity in the sector by shutting down numerous crypto platforms this year. The Financial Monitoring […]
CBI Seizes Crypto Assets Linked to $122,000 Florida Bank Scam
The Central Bureau of Investigation (CBI) has seized cryptocurrencies connected to a fraudulent bank impersonation scheme in Florida that resulted in losses of $122,000. The action follows a […]
Record-Breaking Cryptocurrency Seizure: $7.43 Billion Stolen by Chinese National Finally Confessed
The Metropolitan Police have made a historic seizure, recovering a staggering $7.43 billion in cryptocurrency allegedly linked to a seven-year long fraud scheme orchestrated by Zhimin Qian. The […]
Thailand SEC Targets Illegal Crypto Exchanges, Heightening Global Scrutiny
The Thailand Securities Exchange (SEC) is taking a hard stance against unlicensed crypto exchanges for suspected money laundering activities. This move, alongside North Korean hackers’ exploit of Bybit […]
US DOJ Seizes $5 Million Stolen in SIM Swap Attacks, Prosecuting Cryptocurrency Theft
The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint targeting over $5 million worth of Bitcoin (BTC) allegedly stolen through sophisticated SIM swapping attacks across […]
51 Months Prison for Crypto Fraudster Who Laundered $37 Million
A California man was sentenced to 51 months in prison on September 8th, 2025, for laundering over $36.9 million stolen through a cryptocurrency investment scam targeting American victims. […]
California Man Sentenced to 51 Months for Laundering $37 Million in Crypto
Shengsheng He, a California resident, has been sentenced to 51 months in federal prison following his involvement in laundering over $37 million from victims in an international crypto […]
California Resident Sentenced for Role in Cryptocurrency Fraud Scheme
Shengsheng He, a resident of La Puente, California, has been sentenced to 51 months in federal prison for his participation in a cryptocurrency investment scam that resulted in […]
Samourai Wallet Founders Plead Guilty: Impact on Crypto Privacy Under Scrutiny
Two executives of the privacy-focused cryptocurrency wallet, Samourai Wallet, have pleaded guilty to charges related to money laundering exceeding $200 million. This case marks a significant development in […]
Chinese Court Convicts 17 for USDT Money Laundering
A recent court ruling in Fujian, China has convicted 18 individuals of operating an illegal foreign exchange network using Tether (USDT). This operation saw over 13.3 billion RMB […]