Crimes Financial News

21.11 / 23:23

regulation Department Of Justice Tether crimes US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether

The United States Department of Justice announced it had seized roughly $9 million worth of USDT (USDT) following Tether freezing funds connected to a criminal organization responsible for romance scams.

27.11 / 19:41

Law Binance regulation crimes NOT Changpeng Zhao may not leave the US pending court review, says judge

Changpeng “CZ” Zhao, who pleaded guilty to one felony charge as part of a settlement with the United States Department of Justice involving crypto exchange Binance, may not be permitted to leave the country as he awaits sentencing.

25.11 / 10:27

business crimes Arrest made in Nigeria’s Patricia Technologies crypto wallet heist

The Nigeria Police Force (NPF) said it has arrested one politician, Wilfred Bonse, for the theft of over 200 million naira ($246,153) from Patricia Technologies’ crypto wallet.

24.11 / 10:17

Law regulation Europe crimes Terraform Labs Terra Bitcoin approved Extradition Montenegro Court Do Kwon extradition approved by Montenegro court

The saga of Terraform Labs co-founder Do Kwon continues to unfold, with a court in Montenegro approving his extradition to either South Korea or the United States.

21.11 / 23:23

Binance regulation Department Of Justice crimes Court unseals indictments against Binance and CZ, detailing expected guilty pleas

A federal court has released the indictments against Binance and CEO Changpeng “CZ” Zhao filed under seal on Nov. 14, in which the United States government said it expected the cryptocurrency exchange and CZ to enter guilty pleas.

18.11 / 10:57

Blockchain Law defi Tokens crimes Former Bithumb chair faces 8-year imprisonment

Lee Jeong-hoon, the former chair of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might face an eight-year prison sentence, with a verdict scheduled for Jan. 18, 2024.

16.11 / 17:31

regulation Scams Fraud crimes 3AC co-founder Kyle Davies spotted in Bali, sources claim

Three Arrows Capital (3AC) co-founder Kyle Davies has reportedly been seen in Bali as he continues to evade authorities over the collapse of the defunct hedge fund.

15.11 / 21:33

regulation crimes Congress Terrorism Financial Services services Financial US House Financial Services subcommittee looks for answers on crypto and crime

The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing entitled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets” on Nov. 15. The hearing was bipartisan in nature, chair French Hill stated at the outset.

13.11 / 11:47

regulation Cybersecurity crimes Cybercrime Australian Australian regulators will compel businesses to report cyberattacks: Report

Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021.

10.11 / 13:05

Blockchain NFT regulation crimes Cybercrime data China declares stealing digital collections like NFTs liable for criminal theft sentence

The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences.

10.11 / 04:39

business crimes Court bail SafeMoon CEO bail release goes on hold after Feds cite flight risk

United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community.

09.11 / 14:17

Blockchain regulation privacy crimes Cybercrime zk-STARK Can crypto Privacy Pools help balance privacy and regulation?

Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements.

09.11 / 10:19

regulation crimes Cybercrime Bitcoin Swedish Bitcoiners targeted by armed criminals

Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of ease of access to personal information and residential addresses in the country.

03.11 / 14:41

Technology defi Hackers hacks Tokens crimes SafeMoon addresses recent exploits amid SEC charges

Decentralized finance project SafeMoon, which was charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud, has said that it is closely examining recent developments and will work to resolve the situation promptly.

03.11 / 07:39

business crimes FTX Court Trial What’s next for the ‘crypto king’ Sam Bankman-Fried?

Sam Bankman-Fried is back in his federal prison cell in Brooklyn after being found guilty for all seven charges in his criminal trial. His lawyers however, say the fight isn’t yet over.

01.11 / 02:25

business Law regulation SEC crimes Court Taxes tax evasion Oyster Protocol founder gets 4 years jail for $5.5M tax evasion

Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency scheme Oyster Protocol has been handed the maximum sentence of four years in prison for tax evasion.

31.10 / 17:27

Blockchain hacks security crimes Cybercrime Decentralization Opensea October sees a comparative lull in crypto crime with losses of $32.2M: CertiK

Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million.

27.10 / 03:25

regulation crimes FTX Court Trial Sam Bankman-Fried thought ‘taking FTX deposits through Alameda was legal’: Report

Former FTX CEO Sam “SBF” Bankman-Fried addressed a New York courtroom under oath without the 12-member jury present.

27.10 / 03:25

Law regulation crimes FTX Court Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report

Testifying in court but without the jury for his criminal trial present, Sam “SBF” Bankman-Fried faced questions from prosecutors, who pressed the former FTX CEO on his alleged involvement in using customer funds for investments through Alameda Research.

27.10 / 03:25

regulation crimes FTX Court Trial Prosecutors rest their case as Sam Bankman-Fried prepares to testify

Attorneys representing the United States Justice Department rested their case against Sam “SBF” Bankman-Fried after more than three weeks of expert witnesses and testimonies from former FTX and Alameda employees.

26.10 / 14:41

Law regulation crimes Bitcoin UK passes bill to enable authorities to seize Bitcoin used for crime

Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.

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