Hong Kong gets ready to shut down all unlicensed crypto exchanges

Crypto exchanges are leaving Hong Kong. Will this undermine the region’s aspirations to become an international crypto hub? Hong Kong authorities said that all cryptocurrency exchanges that have not applied for an operating license with the Securities and Futures Commission… дальше »

419 +

Hong Kong Police crackdown on cryptocurrency scam involving counterfeit currency

Authorities in Hong Kong have flagged a surge in counterfeit banknotes brought into circulation via cryptocurrency scams. According to a local report, the Hong Kong police seized 3,396 fake notes between January and April 2024. The counterfeits amounted to a… дальше »

417 +

Swipe Right For Scams? Canadian Authorities Warn Of Rising Crypto Frauds On Dating Apps

As summer heats up, so does the activity of crypto scammers on Canadian dating apps and websites. The Canadian Anti-Fraud Centre (CAFC) has reported a troubling rise in romance and investment scams, also known as ‘pig butchering’ targeting individuals on dating platforms, involving sophisticated schemes that leverage cryptocurrencies. дальше »

417 +

ZKasino Users Urged to Reclaim Ethereum Amid Fraud Investigation

ZKasino users can reclaim their ETH deposits within a 72-hour window starting May 28, amidst controversy and fraud allegations. Dutch authorities arrested a man linked to ZKasino, seizing assets worth €11. дальше »

212 +

Romance and crypto scams surge on Canadian dating apps

Canadian authorities warn against discussing cryptocurrency investments with online matches, advising that such conversations should be considered a red flag. дальше »

752 +

South Korean police arrest 19 in crypto fraud bust

South Korean authorities have arrested 19 members of a fraudulent social media chat group that scammed 308 investors out of nearly $19 million.  Those arrested had operated an open chat room and scammed hundreds of investors out of $18.8 million… дальше »

226 +

Korean authorities under pressure amid US, Hong Kong crypto ETF moves

Korean regulators seem to be under pressure as U.S., Hong Kong regulators approved Bitcoin, Ethereum ETFs, sparking debate on crypto’s role in finance. South Korean financial regulators are under mounting pressure to approve exchange-traded funds (ETFs) for cryptocurrencies, following the… дальше »

287 +

Worldcoin ‘disappointed’ with ban in Hong Kong, says authorities ‘overlooked’ aspects

The Worldcoin Foundation expressed disappointment with Hong Kong regulatory authorities’ recent ban, emphasizing its commitment to lawful operation and data privacy compliance. The Worldcoin Foundation has expressed its disappointment with the recent decision by Hong Kong regulatory authorities to ban… дальше »

259 +

Worldcoin ‘disappointed’ with Hong Kong ban as WLD drops 5%

The Worldcoin Foundation expressed disappointment over Hong Kong authorities’ decision to ban its data collection efforts due to alleged privacy violations, according to a May 23 statement shared with CryptoSlate. дальше »

335 +

Worldcoin (WLD) drops below $5 following Hong Kong’s ban

Hong Kong authorities have order Worldcoin (WLD) to cease biometric data collection in the country. Despite regulatory setbacks, Worldcoin’s user base has grown to 10 million users. The price of WLD temporarily dropped below $5 following the ban Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) has issued a directive to halt […] The post Worldcoin (WLD) drops below $5 following Hong Kong’s ban appeared first on CoinJournal. дальше »

382 +

Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York

U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl. дальше »

478 +

Venezuela bans crypto mining to mitigate excess electricity use

Venezuelan authorities target cryptocurrency mining farms in an effort to stabilize the national power grid and address ongoing energy outages. дальше »

470 +

Pump.fun exploiter arrested: ‘Team alleges I stole $2m in ill-gotten gains’

British authorities arrested Jarett Dunn, a former contractor known online as @STACCoverflow and a Pump.fun exploiter, in the early hours of May 18. дальше »

207 +

US authorities bust $73M crypto scam, make two arrests

The scammers convinced victims to transfer millions of dollars into U.S. bank accounts, which were then used to launder the illicit funds. дальше »

281 +

US arrests two Chinese nationals in $73 million crypto scam

US authorities arrested Daren Li and Yicheng Zhang in connection with a $73 million money laundering scheme. The defendants laundered the money via US and international bank accounts. Proceeds of the investment scam were converted to the USDT stablecoin. дальше »

265 +

Binance partners with Taiwan authorities in $6.2M money laundering crackdown

Binance and Taiwan's authorities dismantle a $6. 2m laundering operation, highlighting the power of global law enforcement collaboration. The post Binance partners with Taiwan authorities in $6. дальше »

262 +

FIU steps up AML and CFT compliance for crypto exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial… дальше »

374 +

Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison

Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse. дальше »

326 +

No, Hong Kong's Crypto ETFs Aren't Available in Mainland China

The Stock Exchange of Hong Kong (HKEX) confirmed they aren't available. Chinese authorities are wary that ETFs offer a way to bypass strict international capital controls. дальше »

314 +

Chinese Authorities Dismantle $295 Million Illegal Crypto Ring

Chinese officials arrest six in a $295 million illegal foreign exchange operation involving crypto. The post Chinese Authorities Dismantle $295 Million Illegal Crypto Ring appeared first on BeInCrypto. дальше »

305 +

Chinese authorities arrest six suspects in $300m crypto fraud case

Authorities in China have arrested six individuals suspected of engaging in illicit cryptocurrency transactions amounting to 2.94 billion yuan — worth roughly $300 million. According to a May 10 report by local media outlet Chinanews, the suspects were taken into… дальше »

218 +

Hong Kong authorities expose crypto scam featuring deepfake Elon Musk

The Hong Kong Securities and Futures Commission (HKSFC) has warned the public about a fraudulent crypto exchange platform that uses AI-generated videos of Elon Musk to promote crypto trading services. дальше »

385 +

Over $20M in bridged Ether returned to ZKasino wallet

Over $20M in bridged Ether returned to ZKasino wallet weeks after alleged exit scam, renewing hope for victims as authorities investigate the incident. The post Over $20M in bridged Ether returned to ZKasino wallet appeared first on Crypto Briefing. дальше »

433 +

Binance CEO Denounces Nigerian Officials For Alleged Secret Crypto Settlement Proposal

Binance CEO Richard Teng recently denounced the Nigerian authorities’ abuse of power and mistreatment of the crypto exchange executives, including still-detained Tigran Gambaryan. Teng considers it’s time to highlight the implications of the saga between the crypto exchange and the Nigerian regulators on behalf of the business community. дальше »

411 +

Nigerian stakeholders demand Binance reveal identity of bribery official

SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing. дальше »

391 +

Authorities crack down on Austria-based online crypto scam

Authorities in Austria, along with counterparts in three other nations, have taken decisive action against an online scam masquerading as a new cryptocurrency venture.  In a press release on May 8, the European Justice for Criminal Justice Corporation disclosed the… дальше »

283 +

Ex-Digitex Futures Exchange CEO pleads guilty to violating Bank Secrecy Act

U.S. authorities indicted former Digitex CEO Adam Todd in February for failure to implement and maintain an effective Anti-Money Laundering program at the exchange. дальше »

300 +

US authorities identify and charge Russian mastermind behind LockBit ransomware group

The DOJ has identified and indicted Russian national Dmitry Khoroshev as the leader of the LockBit ransomware gang, sanctioning him and offering a $10M reward for info leading to his arrest. The post US authorities identify and charge Russian mastermind behind LockBit ransomware group appeared first on Crypto Briefing. дальше »

299 +

U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion

U.S. authorities have identified Russian national Dmitry Khoroshev as the mastermind behind the notorious LockBit ransomware gang, and are offering a $10 million reward for information that leads to his arrest. дальше »

302 +

Indonesian Authorities Bust Synthetic Marijuana Lab Supported by Crypto

The syndicate had been operating for six months before being apprehended last week. дальше »

208 +

Dark Bling: Heir To Jewelry Giant Cartier Indicted In Cocaine And Crypto Scandal

Maximilien de Hoop Cartier, heir to the famed jewelry dynasty, was arrested by US authorities for allegedly laundering millions of dollars for a Colombian drug cartel. Cartier, who primarily resides in France but holds Argentine citizenship, now faces a slew of charges related to money laundering and unlicensed money transmission. Related Reading: Bitcoin Bull Michael […] дальше »

462 +

DOJ charges three Cred execs over $783 million in customer fund losses

On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former CEO Daniel Schatt, former CFO Joseph Podulka, and former CCO James Alexander — took part in a scheme that caused customers to lose […] The post DOJ charges three Cred execs over $783 million in customer fund losses appeared first on CryptoSlate. дальше »

396 +

$12 Million Crypto Seizure: Dutch Authorities Arrest Suspect Of ZKasino Rug Pull

About two weeks ago, the crypto space faced another alleged rug pull. This time, the gambling platform and blockchain casino ZKasino was at the center of the accusations, with many investors claiming their money was gone. дальше »

320 +

Dutch authorities arrest suspect in ZKasino gambling scam, seize $12.2 million in assets

The Netherlands’ Fiscal Information and Investigation Service (FIOD) announced the arrest of a 26-year-old suspected to be involved in the ZKasino decentralized gambling platform scam. Meanwhile, speculations within the crypto community suggest that the arrested person could potentially be the pseudonymous founder of the platform known as Derivatives Monke. дальше »

372 +

ZKasino scam suspect arrested, $12.2M seized by Dutch authorities

Authorities seized $12.2 million worth of digital assets, real estate and luxury cars during the arrest.

267 +

Senator Cynthia Lummis Criticizes US Authorities’ Crackdown on DeFi

Senator Cynthia Lummis opposes new US DeFi regulations, promising to fight for individual digital rights amidst increasing regulatory actions. The post Senator Cynthia Lummis Criticizes US Authorities’ Crackdown on DeFi appeared first on BeInCrypto. дальше »

288 +

Binance: After CZ's arrest, these execs prompt global 'manhunt'

Nigerian authorities are pursuing Binance executives for currency devaluation. Contrasting legal outcomes raised questions about fairness in treatment. Just as Binance's [BNB] founder made hThe post Binance: After CZ's arrest, these execs prompt global 'manhunt' appeared first on AMBCrypto. дальше »

346 +

Chinese authorities arrest suspect in StarkNet airdrop identity scam

Chinese police arrested a suspect who stole 40,000 StarkNet airdrop tokens by submitting false identity claims before converting the ill-gotten STRK to over $91,000 in USDT. The post Chinese authorities arrest suspect in StarkNet airdrop identity scam appeared first on Crypto Briefing. дальше »

295 +

‘Bitcoin Jesus’ Roger Ver Arrested, Charged With Alleged $50 Million Tax Fraud

317 +

India’s ED works with FBI to uncover $360m drug trafficking operation using crypto

India’s Enforcement Directorate (ED) has collaborated with authorities in the United States to crack down on an INR 3000 crore (approx $360 million) drug trafficking operation involving cryptocurrencies. дальше »

351 +

Yen’s freefall prompts Japanese intervention as USD/JPY hits 34-year high

Quick Take The Japanese yen’s freefall against the US dollar has reached alarming levels, prompting intervention by Japanese authorities in the foreign exchange market. According to the Wall Street Journal, officials confirmed their actions to support the yen’s value on Monday morning. дальше »

415 +

Fezoo’s Revolutionary Exchange Model Targets Binance’s Market Share: Cardano & Bitcoin Communities Captivated in Stage 1 Presale

The crypto industry is set to be shaken up as centralized exchanges face regulatory scrutiny from authorities. This has left crypto investors wondering what impact it will have on the prices of both leading and new cryptocurrencies. дальше »

394 +

Ace Exchange Suspects Should Get 20-Year Prison Sentences: Prosecutors

Prosecutors in Taiwan have proposed lengthy prison sentences for ACE Exchange’s founder, David Pan, and former executives as main suspects in an alleged fraud and money laundering case. This development came after the Taiwanese authorities initiated a fresh round of charges against the exchange founder and several others. дальше »

258 +

New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto

UK's new cryptoasset legislation enables authorities to confiscate items like passwords and memory sticks that could aid criminal inquiries. The post New UK Law Empowers Authorities to Seize, Freeze, Destroy Crypto appeared first on BeInCrypto. дальше »

342 +

32 People Indicted In Taiwanese Crypto Exchange Fraud Case

The ongoing saga between the Taiwanese authorities and former executives from crypto exchange ACE continues with a new round of charges pressed against its founder, David Pan, and another 31 individuals linked to the case. дальше »

402 +

Crisis In Crypto: China’s Leading Blockchain Advocate Faces Investigation

Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The Background Of Blockchain Advocacy And The Current Crackdown Qian, known for his pivotal role in developing China’s Central Bank Digital Currency (CBDC), has been a leading voice in the country’s blockchain initiative. Qian’s efforts were […] дальше »

414 +

Warren calls on DOJ, NHS to crackdown on crypto payments for child sexual abuse material

US Senators Elizabeth Warren (D-Mass. ) and Bill Cassidy (R-La. ) are urging US authorities to crack down on the use of crypto in the illegal trade of child sexual abuse material (CSAM). The lawmakers raised the alarm in an April 26 bipartisan letter addressed to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas. дальше »

451 +

UK police authorized to seize criminal crypto holdings without arrests

From April 26, police can transfer seized illicit crypto to wallets controlled by the authorities, with victims able to reclaim funds from the accounts. дальше »

204 +

Authorities shut down Samourai Wallet, arrest founders over money laundering charges in $2 billion DOJ case

International authorities collaborated to shut down Samourai Wallet and arrested its two founders on April 24 after the US Department of Justice (DOJ) filed criminal charges against the privacy wallet over allegations of facilitating money laundering. дальше »

428 +

DOJ arrests Samourai Wallet founder over $2b illegal money flow 

Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill have been arrested by U.S. authorities for laundering over $100 million. дальше »

409 +