17 articles tagged
A global crackdown on crypto-related crime is accelerating, with South Korea indicting police in a $186M laundering scheme and Australia introducing a major regulatory bill.
International police operations in Europe and Hong Kong have led to dozens of arrests in connection with crypto scams totaling nearly $900 million.
The U.S. Department of Justice has seized approximately $15 billion in Bitcoin, its largest forfeiture ever, linked to a massive fraud operation.
American Momentum Bank is facing a lawsuit from a federal bankruptcy trustee who alleges the bank helped facilitate a $100 million fraud scheme.
Recent legal cases in the UK, US, and Israel highlight growing risks in the crypto sector, including prison time for fraud, regulatory battles, and violent crime.
FBI data reveals losses from Bitcoin ATM scams doubled to nearly $250 million in 2024, prompting urgent warnings from consumer advocates about this growing fraud.
Hackers linked to North Korea have stolen a record $2 billion in cryptocurrency this year, a figure equal to 13% of the nation's GDP, as they shift tactics to target wealthy individuals.
British police have seized 61,000 Bitcoin, valued at over $7 billion, from a Chinese national who pleaded guilty to laundering funds from a massive Ponzi scheme.
Denmark's tax authority, SKAT, lost a £1.44 billion London lawsuit against Sanjay Shah's hedge fund, with the judge citing SKAT's "flimsy" controls. SKAT plans to appeal.
Singapore's High Court has blocked a lawsuit by foreign liquidators against Standard Chartered and BSI Bank over transactions linked to the 1MDB fund.
Zhimin Qian has pleaded guilty to laundering proceeds from a major fraud scheme after UK police seized 61,000 bitcoins, currently valued at over £5 billion.
Global financial regulators are escalating enforcement actions against crypto-related crime, including U.S. sanctions and a guilty plea in a $7 billion Bitcoin fraud case.
