Switzerland’s FINMA warns of money laundering risks with crypto

Switzerland’s Financial Market Supervisory Authority has warned about the risks of money laundering associated with cryptocurrencies. In its 2024 Risk Monitor report,  the regulator noted that cryptocurrencies, including stablecoins, are increasingly used for cyberattacks, payments for illegal dark web activities,… дальше »

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FIU investing Upbit for what could be the largest KYC scandals in crypto history

South Korea’s FIU investigating Upbit for failing to verify 500,000–600,000 accounts properly. Upbit could face billions in fines for KYC violations under South Korea’s laws. The exchange’s license renewal is delayed as the FIU scrutinizes possible illegal activity. дальше »

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Thai authorities bust illegal Bitcoin mining rigs, charge two over $280k theft: report

Thailand charges two for stealing over $280,000 in electricity for illegal Bitcoin mining. Thai authorities have cracked down on illegal Bitcoin (BTC) mining operations, shutting down nine illicit sites and arresting two suspects on charges of electricity theft, valued at… дальше »

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Nigerian Court fines two crypto firms over illegal USDT to naira transaction

Nigerian authorities have fined two crypto firms $30,000 for conducting USDT to naira transactions without a license. According to local Nigerian media outlet Nairametrics, the Federal High Court in Abuja convicted two crypto companies, Egomsinachi Road Autos Limited and Chimera… дальше »

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AurumXchange operator charged with money laundering in unlicensed crypto exchange case

A recent indictment from a federal grand jury has unveiled the illegal activities of Maximiliano Pilipis, who previously ran AurumXchange, an unlicensed virtual currency exchange located in Noblesville, Indiana. дальше »

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$100 Million Loss: Malaysian Electric Company Hit Hard By Illegal Bitcoin Mining

Bitcoin mining, a complex activity that requires adding data to the blockchain, has been the subject of complaints. While it’s arguably a lucrative trade for some, it impacts the local electricity grid. дальше »

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Global Crypto Crime Crackdown: US And Nigeria Unite Against Digital Threats

In recent years, crimes and crypto have grown inexorably entwined. Crypto crimes rise as its popularity and use cases grow, therefore putting at risk traders and companies alike. TrendMicro claims that even while the value of crypto transactions received by illegal addresses has reduced to an estimated $24. дальше »

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Tether Scrutiny and Middle East Tensions Trigger $380 Million Crypto Liquidations

A controversial report on Tether’s alleged involvement in illegal activities has fueled concerns across the crypto market, causing $380 million in daily liquidations. The post Tether Scrutiny and Middle East Tensions Trigger $380 Million Crypto Liquidations appeared first on BeInCrypto. дальше »

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Aark Digital Proposes 15% Recovery Reward After $1.5M Vault Breach

In a recent security breach at Aark Digital, an unauthorized person gained access to and took out about 24. 143 ETH and 1,386,085 USDC. The project has responded by starting recovery activities around the clock and implementing extra security measures to defend against any more illegal conduct. дальше »

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Tether CEO denies reports as US probes and weighs sanctions

Tether CEO Paolo Ardoino denied reports of lawmakers investigating the major cryptocurrency company over potential violations of anti-money-laundering and sanctions laws. The reported investigation, led by Manhattan prosecutors, focuses on whether Tether’s cryptocurrency (USDT) has been used to fund illegal… дальше »

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Illegal Bitcoin mining costs Malaysian electricity company over $100m

Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities. дальше »

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Fed President Claims Crypto Is ‘Almost Never’ Used Outside Of Illegal Activity, Gets Schooled By Industry Pundits

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Fed's Kashkari Says Almost No One Uses Crypto for Payments

Fed's Kashkari claims that crypto payments are mostly linked to illegal activity дальше »

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Coinbase Escalates SEC Fight Over the Agency's Inside Chatter on ETH

An intermediary for the biggest U.S. crypto exchange, Coinbase Inc. (COIN), is cranking up its legal fight over the Securities and Exchange Commission's unwillingness to produce documents revealing the regulator's internal thinking on whether to pursue Ethereum's ether {{ETH}} and other tokens as illegal securities. дальше »

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UK trader denies charges in first-ever illegal crypto ATM prosecution

A London trader has pleaded not guilty to operating an illegal crypto ATM business and laundering $395,000 in criminal cash. Habibur Rahman, a crypto trader from East Ham, London, has pleaded not guilty to charges related to operating an illegal… дальше »

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US charges 18 people, companies for crypto fraud

US has charged 14 people and four companies for fraud and market manipulation among other illegal activities. The prosecution says this is the first criminal case involving cyptocurrency companies over market manipulation and wash trading. дальше »

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Discord blocked in Russia for failing to meet content law requirements

Russia fines and blocks Discord for failing to comply with laws aimed at preventing illegal online activities. The post Discord blocked in Russia for failing to meet content law requirements appeared first on Crypto Briefing. дальше »

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Crypto.com sues SEC for ‘illegal actions’ in crypto regulation following Wells Notice

Today, Oct. 8, Crypto. com reported it has filed a lawsuit against the US Securities and Exchange Commission to challenge what it describes as the agency’s overreach in regulating the crypto industry. дальше »

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Kazakhstan freezes $1.2m in crypto linked to 19 illegal OTC platforms

Kazakhstan’s financial authorities have frozen $1.2 million in crypto and shut down 19 illegal exchangers with a turnover exceeding $60 million. Kazakhstan has frozen $1.2 million in cryptocurrency and shut down 19 illegal over-the-counter platforms as part of a broader… дальше »

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Man pleads guilty in UK’s first illegal crypto ATM conviction

Olumide Osunkoya pleaded guilty to FCA charges of illegal offer and use of cryptocurrency automated teller machines (ATMs). The 45-year old Osunkuya will be sentenced at a later date. Olumide Osunkoya has pleaded guilty to several charges involving the illegal operation of cryptocurrency automated teller machines in the UK. дальше »

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Crypto crime: UK man pleads guilty to operating illegal ATM network

Olumide Osunkoya has pleaded guilty to five offenses related to running an illegal network of crypto ATMs across the UK, making it the country’s first conviction of its kind. Osunkoya’s conviction marks the UK’s first case against unregistered crypto ATM… дальше »

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German Government Shuts Down 47 Exchanges, Says They're Tied To ‘Illegal Activity’

The German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges allegedly tied to criminal activities including money laundering. дальше »

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Germany closes 47 crypto exchanges over money laundering concerns

German authorities have taken down 47 cryptocurrency exchange services in a crackdown on illegal money laundering activities.  The Federal Criminal Police Office in Germany and the Central Office for Combating Internet Crime led the operation, which targeted platforms allowing users… дальше »

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U.S. CFTC Chair Behnam Says Regulator Will Keep Pursuing Kalshi Case

After the U.S. Commodity Futures Trading Commission's court defeat last week in the agency's pursuit of Kalshi's election contracts, the regulator's chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to contend is illegal activity. дальше »

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UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs

Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed british pounds 2.6 million ($3.4 million) in crypto transactions across various locations. дальше »

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FCA makes first criminal charge for running illegal crypto ATM network

In a landmark move, the UK’s Financial Conduct Authority (FCA) has charged a man with unlawfully operating a network of cryptocurrency ATMs without proper registration. This marks the regulator’s first criminal prosecution for activities involving physical crypto machines, signalling a tougher stance against unregulated digital asset transactions. дальше »

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Singapore probes illegal trading of Worldcoin accounts and tokens

Singapore’s Deputy Prime Minister Gan Kim Yong announced that authorities are investigating seven individuals suspected of illegally buying and selling Worldcoin accounts and tokens, as per a statement on Sept. дальше »

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Singapore probes illegal Worldcoin accounts and token sales

Singapore is investigating unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity. дальше »

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State regulators secure full refunds for investors in $1 billion settlement with GSB Group

The Texas State Securities Board has reached a $1 billion settlement with GSB Gold Standard Corporation AG and affiliated entities, known as GSB Group, over its alleged illegal crypto offerings, according to a Sept. дальше »

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Behind Telegram’s crypto boom: How digital assets fuel platform’s growth despite legal woes

The arrest of Pavel Durov, founder of Telegram, in France has stirred heated discussions about the responsibility of tech platforms in moderating content. Durov, who was taken into custody for allegedly failing to prevent criminal content on his popular messaging platform, has faced mounting pressure over how Telegram manages illegal activities. However, the implications of […] дальше »

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Uniswap settles CFTC charges, Polygon’s new ‘hyperproductive’ POL token: Finance Redefined

The CFTC’s director warned that other DeFi ecosystems may also be fined for offering illegal trading services, while Polygon’s native token executed a key technical upgrade. дальше »

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Uniswap Fined $175K By CFTC, But Market Reaction Signals Optimism

In a recent order issued by the U. S. Commodity Futures Trading Commission (CFTC), Uniswap Labs was fined $175,000 for offering illegal digital asset derivatives trading. This case specifically revolved around Bitcoin and Ethereum leveraged tokens that were deemed leveraged or margined commodity transactions. дальше »

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Telegram updates policy, allows users to report illegal content in private chats

Telegram's policy change could significantly impact its reputation and user trust by addressing concerns over illegal activities on the platform. The post Telegram updates policy, allows users to report illegal content in private chats appeared first on Crypto Briefing. дальше »

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Telegram CEO Pavel Durov responds to accusations after indictment

Durov has spoken out for the first time following his arrest last week, defending the platform’s moderation efforts and criticizing authorities for targeting him personally over users’ illegal activities. дальше »

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CFTC’s $175,000 fine on Uniswap Labs sparks dissent over stifling DeFi innovation

Commissioner Summer K. Mersinger voiced strong opposition to the Commodity Futures Trading Commission’s (CFTC) decision to impose a $175,000 fine on Uniswap Labs for its illegal digital asset derivatives trading. дальше »

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Uniswap Labs agrees to $175,000 fine for CEA violations after CFTC warning

Uniswap Labs has agreed to pay a $175,000 fine to settle allegations of the Commodity Exchange Act (CEA) violation. The US Commodity Futures Trading Commission (CFTC) issued a warning to Uniswap Labs, citing concerns over illegal trading practices involving cryptocurrency derivatives. дальше »

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CFTC charges Uniswap with illegal derivatives trading

The CFTC said Uniswap had settled a charge that it illegally offered derivatives trading, though two commissioners dissented.

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Uniswap hit with CFTC order over illegal crypto derivatives trading

Uniswap hit with order by CFTC for illegal trading in digital asset derivatives The decentralized exchange will pay $175,000 in civil monetary penalty and is also ordered to cease and desist from the illegal offerings. дальше »

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Uniswap Settles with CFTC for $175,000, UNI Jumps 8%

The CFTC fined Uniswap Labs $175,000 for illegal transactions. The penalty was reduced due to Uniswap’s cooperation, leading to an 8% UNI token price increase. The post Uniswap Settles with CFTC for $175,000, UNI Jumps 8% appeared first on BeInCrypto. дальше »

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CFTC: Uniswap allowed illegal digital asset derivatives trading

Decentralized exchange Uniswap has settled with the Commodity Futures Trading Commission over illegal digital asset derivatives trading. Per a CFTC notice on Sept. 4, Uniswap Labs, the entity behind Ethereum’s (ETH) largest DEX, was accused of unlawfully offering leveraged and… дальше »

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Uniswap Labs Settles CFTC Charges Over 'Illegal' Margin Products

Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, a CFTC press release said. дальше »

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CFTC charges Uniswap Labs for illegal crypto derivatives trading, imposes $175,000 penalty

The CFTC's action against Uniswap Labs highlights increasing regulatory scrutiny on DeFi platforms, potentially reshaping the crypto landscape. The post CFTC charges Uniswap Labs for illegal crypto derivatives trading, imposes $175,000 penalty appeared first on Crypto Briefing. дальше »

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Starlink confirms it will block access to X in Brazil

The SpaceX subsidiary claimed the Brazilian Supreme Court decision was “illegal,” but it would comply by suspending access to the social media platform. дальше »

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SEC says it could challenge FTX crypto repayment plan

The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets. дальше »

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Pavel Durov’s arrest unleashes the Streisand Effect on Toncoin

On August 24, 2024, French authorities arrested Pavel Durov, the founder of Telegram, and released him on bail a few days later. Though the arrest cited alleged illegal activities conducted through his messaging platform, many have viewed it as an… дальше »

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Thailand raids illegal Bitcoin mine after frequent power outages

Thai authorities raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following reports of frequent blackouts over the past month.  According to AFP reports, the raid, carried out by the Provincial Electricity Authorities and local police,… дальше »

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Thailand authorities raid illegal mining operation west of Bangkok

Thailand authorities raided an illegal Bitcoin (BTC) mining operation in Ratchaburi, a town west of Bangkok on Friday, the South China Morning Post reported on Sunday. The raid took place after several residents in the area complained of frequent blackouts for over a month. дальше »

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Thai authorities raid illegal Bitcoin mine behind local power outages

Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs дальше »

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Crypto Promoter and Failed Politician Michelle Bond Accused of Illegally Taking FTX Cash

Michelle Bond, who once ran a Washington-based crypto advocacy group and had served as a U.S. Securities and Exchange Commission lawyer, was indicted in federal court for taking illegal campaign contributions during her 2022 run for Congress, and court documents detail how a river of cash came through her former FTX executive boyfriend. дальше »

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Iran offers $20 to report on shady crypto miners amid ongoing power crisis

Iran has started offering $20 rewards to report illegal crypto miners amid severe power shortages disrupting the country’s electricity grid. Iran is now offering rewards of $20 to the public for reporting illegal crypto mining activities as the country faces… дальше »

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