$242 Million in Bitcoin Flee BitMEX Following Criminal Charges

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6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China

Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid schemes.

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IRS Criminal Investigation Division Wants to Track Privacy Coins, Layer-2, and Sidechains

It has been no secret that the top federal law enforcement agency under the U. S Department of Treasury, the Criminal Investigation Division (CI), is keenly following digital assets to trace for any signals of illicit activity.

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Crypto Capital Exec Indicted on Three Criminal Counts in NY Court

Following fraud allegations from Bitfinex, Crypto Capital exec Oz Yosef has been charged with three criminal counts in a U.S. court

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Hundreds charged after takedown of child exploitation site which made $730K in Bitcoin

A 23-year-old South Korean man is being accused of running the world’s “largest child sexual exploitation market,” which reportedly processed 7,300 Bitcoin transactions worth over $730,000. According to a criminal indictment unsealed today, the now-defunct English-language website known as “Welcome To Video,” featured over 250,000 child exploitation videos – approximately eight terabytes worth of horrific material.

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Mafia expert: ‘Ndrangheta crime family now resembles a ‘criminal blockchain’

International investigators warn the ‘Ndrangheta mafia family now resembles a “criminal blockchain” following the recent decentralization of its internal power structures. Usually, ‘Ndrangheta families in Canada took orders from “mother clans” in Calabria, but for the first time, mobsters outside of Siderno are making decisions that impact operations all the way back to Italy, reports National Post.

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US Treasury Secretary: Bitcoin a “national security issue,” cryptocurrency dominated by illicit activity and speculation

Following President Trump’s derisive tweet about Bitcoin, U. S. Secretary of the Treasury Steven Mnuchin held a briefing on regulating Bitcoin and Facebook’s Libra because of their use in criminal activity and the threat they pose to the financial system.

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Spanish Police: Bitcoin ATMs Highlight Flaws in EU Money Laundering Rules

Following a Spanish investigation into a gang’s recently-busted money laundering operation, the nation’s police force claim to have exposed gaps in the European Union’s regulations designed to prevent money laundering.

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German police raid another Bitcoin-powered dark web marketplace

German police have busted Chemical Revolution, a dark web marketplace, which allowed consumers to buy narcotics with Bitcoin. According to a press release issued by Germany‘s Federal Criminal Police Office, officers have made 11 arrests in connection with the operation.

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Verizon User Loses Coinbase Funds Following SIM Hijack

There are numerous ways for cryptocurrency enthusiasts and speculators to lose their funds. In a lot of cases, this is due to an error on their part. However, there are external circumstances which often go beyond the user’s control.

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Dutch Authorities Shut Down Bestmixer

The Dutch Financial Intelligence and Investigation Service (FIOD) has shut down cryptomixing site Bestmixer. io. According to local media, Dutch authorities moved to shut down the site on May 22, 2019, as part of a joint operation with police agencies from several European nations, including France, Latvia and Luxembourg.

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Blockchain-Challenged Authorities Take Down Crypto’s Largest Dark Web

By CCN: It appears safety standards for criminals on the dark web are shrinking quickly. Following a series of raids in both Germany and the United States, American and European officials have succeeded in taking down what they call one of the world’s “largest online criminal trafficking operations.

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Major Darknet Marketplace Wall Street Market Shuttered by Law Enforcement

Wall Street Market, the second-largest darknet market in the world in recent months, has been shut down by international law enforcement agencies, including Europol as well as U.

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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

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Canada confiscates $1.4M in Bitcoin from dark web drug dealer

A Canadian judge has ordered the forfeiture of approximately $1. 4 million in Bitcoin found on a drug dealer’s computer as part of a criminal investigation. On Wednesday, Superior Court Justice Jane Kelly ordered that 281.

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Not as Dark as You Think: Darkweb Drug Sting Seizes $4.5 Million in Crypto

By CCN. com: The Joint Criminal Opioid and Darknet Enforcement (J-CODE) team announced 61 arrests today and the seizure of millions in cryptocurrency as a result of Operation SaboTor, an effort targeting international drug traffickers operating on the dark web.

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Trump Scores Major Immigration Win in Supreme Court for Legal Detention

The U. S. Supreme Court has delivered a ruling on immigration reform that comes as a major victory to President Donald Trump. In a 5 – 4 decision announced on Tuesday, the court ruled that federal immigration authorities like U.

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If the UK holds a second Brexit referendum, can it protect it from trolls and astroturfers?

March 29, the day upon which the UK will leave the European Union, feels nail-bitingly close. Adding to the anxiety is that with the twice-fold rejection of Theresa May’s withdrawal deal, the UK is heading in one of two directions: the first is a chaotic no-deal Brexit, and the second is a second referendum, which would put the terms of the UK’s departure to a public vote.

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Crypto Isn’t Criminal Money: Binance Blocks Funds From Hacked Exchange

This week, the popular crypto exchange Cryptopia suffered the first major security breach of 2019, resulting in “significant losses” of crypto assets the exchange had stored.  Following the breach, social media users began tracking the movements of the stolen funds and alerted Binance CEO Changpeng Zhao that the funds had landed on Binance – the world’s.

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India May Legalize Bitcoin Under “Strong” Rules

India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.

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Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

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U.S. Marshals to Auction Off $4.3 Million in Bitcoin

The U. S. Marshals agency has announced plans to auction $4. 3 million worth of bitcoin (BTC) in November 2018. The sealed bid auction is for nearly 660 bitcoins which were seized in a series of federal criminal, administrative and civil cases over the years.

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IMF, World Bank Set Framework Around Fintech Advances

The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies.

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OKCoin CEO Released After Being Questioned by Shanghai Police

Following multiple complaints from WFee investors, the founder of one of the world’s largest crypto exchanges was taken to the Shanghai police for criminal investigation. The post OKCoin CEO Released After Being Questioned by Shanghai Police appeared first on CoinSpeaker.

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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

Following the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country.

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BitConnect's Alleged Ringleader Arrested in India: Local Reports

Nearly eight months to the day after the ponzi scheme BitConnect exit scammed, the sins of the project have caught up to one of its figureheads. Divyesh Darji, the alleged leader of BitConnect’s Asian team, was arrested this Saturday, August 18, 2018, in the Delhi airport by the Gujarat Criminal Investigation Department (CID).

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Vietnamese Government Bans Mining Hardware Imports

Following a high-level proposal in July to ban the importation of all cryptocurrency mining equipment into Vietnam, the Vietnamese Customs Department has announced a total ban on all mining rig imports, according to a local news outlet.

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Op Ed: Cryptocurrency Capital Gains Taxes — Breaking Down the Problem

Capital gains on crypto transactions are easy to track, one at a time. What about when there are thousands?Cryptocurrency capital gains taxes are becoming a point of interest for governments.

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