2023-6-29 23:51 |
FTX's lawyers allege Daniel Friedberg allowed its executives' criminal activities to fly under the radar for years.
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The Hong Kong Monetary Authority (HKMA) is encouraging banking giants to accept crypto exchanges as clients, the Financial Times reported on June 15. While no restrictions hold Hong Kong banks back from accepting crypto clients, banks are wary of drawing regulatory scrutiny in case their clients are found ed in any criminal activities, the report […] The post Hong Kong regulator urges banks to accept crypto clients appeared first on CryptoSlate.
2023-6-15 14:15 | |
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The EU's Digital Finance Package proposal, known as DAC8, has recommended that crypto asset service providers report their clients' transactions to help combat tax-related criminal activities.
2023-5-11 23:59 | |
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To protect against crime in the metaverse, take precautions, such as using secure passwords, and report suspected criminal activities to law enforcement.
2023-2-6 17:49 | |
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A recently released investigative report compiled by the Bureau and the Observer reveals that organized criminal groups use the United Kingdom as a virtual base for their scamming activities due to the country’s lenient company laws.
2023-2-1 13:41 | |
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Crypto-related criminal activities are being used as a highly profitable yet risk-free method for North Korea to gin up more cash
2022-12-23 23:37 | |
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The crypto sector has been a subject of divided opinions since the inception of Bitcoin and its meteoric rise. While the assets have benefits like fast transactions and decentralization, some risks include fraud and criminal activities.
2022-12-14 21:00 | |
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Two U. S. senators passed a new bill amending the Cybersecurity Information Sharing Act of 2015 to include the crypto firms to report cyberthreats they face. The U. S legislators, Cynthia Lummis of Wyoming and Tennessee’s Marsha Blackburn, revised the Cybersecurity Information Sharing Act aimed at reducing criminal activities in crypto-space.
2022-10-3 19:59 | |
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The Economic Crime and Corporate Transparency bill is designed to make it easier for law enforcement agencies to seize, freeze and recover crypto assets when used for criminal activities such as money laundering drugs and cybercrime.
2022-9-23 19:06 | |
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Australian authorities have stepped up their efforts to crack down on cryptocurrency-related criminal activities
2022-9-5 12:09 | |
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“Illegal or criminal activities are likely to flourish in the darkverse since it will be difficult to track and monitor,” Trend Micro said.
2022-8-10 00:45 | |
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Some jurisdictions have put mandatory regulations for BTC and crypto-related companies. For example, a law demands that all crypto service firms and exchanges have a financial license. Such laws are appropriate as more criminal activities and scams are rampant through the use of cryptocurrencies.
2022-6-25 23:00 | |
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The company behind the development of the popular automated market maker (AMM), Uniswap Labs updated its policy regarding blocking wallets from accessing the decentralized application (dApp). Per an official post, Uniswap’s front end will be blocked to users associated with criminal activities.
2022-4-23 21:00 | |
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In 2021, cryptocurrency addresses associated with criminal activities accumulated over $14 billion, according to Chainalysis, a blockchain data and analytics platform. The booming cryptocurrency spaceThe post Digital Wallet Protector's NFTs are live bringing spiritual protection to the blockchain appeared first on AMBCrypto.
2022-3-24 12:00 | |
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Addresses that are related to various illicit activities surged in 2021
2022-2-20 17:23 | |
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Since the 18th century, humankind has witnessed revolutions that have forever changed the world, for the better. The closest revolution we have witnessed is the advent of the Internet, the influence oThe post Binance takes the lead in curbing criminal activities associated with crypto appeared first on AMBCrypto.
2021-12-28 06:30 | |
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The Deputy Attorney General of the United States revealed that the Justice Department created a National Cryptocurrency Enforcement Team (NCET), to combat the illicit use of cryptocurrency for criminal activities.
2021-10-8 23:00 | |
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The sanctions are part of the government's fight against a spike in criminal activities… The post US sanctions crypto exchange over links to ransomware attacks appeared first on Coin Journal.
2021-9-22 14:21 | |
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The percentage of illegal crypto transactions, according to this Chainalysis report, is about 2% of total transactions. Although the majority of cryptocurrency transactions is not illegal, it is increasingly being used for criminal activities.
2021-8-22 23:30 | |
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Finland is currently looking for cryptocurrency brokers to assist in the sale of bitcoin used in criminal activities. The post Finland Seeking Brokers to Assist in Sale of $82M Worth of Seized BTC appeared first on BeInCrypto.
2021-8-1 17:19 | |
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The Cayman Islands Monetary Authority (CIMA) has released a statement informing the public that Binance isn't authorized to operate in the territory. CIMA Investigating Binance The regulator is currently investigating whether Binance or any of its subsidiaries have activities that fall within the scope of its oversight.
2021-7-2 18:34 | |
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Microblogging platform Weibo has reportedly banned cryptocurrency accounts on its platform. The ban is coming as China is stepping up its crackdown on Bitcoin trading and mining in the country. There could be more actions expected, which will include linking cryptocurrency activities directly with China’s criminal law.
2021-6-8 14:28 | |
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As prices in the crypto market surge, the other side of the market has been witnessing a rise in criminal activities. On Monday, South Korea's tax agency reportedly caught 2,400 individuals who were hThe post South Korea cracks down on tax evaders using cryptocurrencies appeared first on AMBCrypto.
2021-3-15 14:30 | |
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Austrian regulators say crypto scams are the most reported forms of investment fraud in the country ahead of the usual suspects like stock or gold schemes. Authorities in the country are trying to firm up virtual currency regulations to combat the menace of such criminal activities while regulated trading in digital assets continues to enjoyRead More
2021-2-20 22:00 | |
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While crypto heists have declined in 2020, the largely unregulated decentralized finance (DeFi) arena has seen an uptick in the activities of rogue actors. Crypto Crime on the Decline in 2020 According to cryptocurrency forensics firm CipherTrace, losses due to crypto-related criminal activity have seen a significant reduction in 2020.
2020-11-12 17:00 | |
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Owners of one of the world’s biggest Bitcoin exchanges, BitMEX, have recently faced criminal charges which accuse them of using the exchange for laundering money and conducting other criminal activities.
2020-10-2 10:19 | |
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And they say bitcoin is used for criminal activities. The leaked documents of $2 trillion transactions, a tiny proportion of the SARs submitted over the period, revealed that some of the world’s biggest banks have been allowing criminals to move dirty money around the world.
2020-9-22 17:35 | |
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The Wyoming Division of Banking has turned to blockchain analytics firm Chainalysis in an effort to combat cybercrime, money laundering and other criminal activities. Wyoming to Work Closely with Chainalysis The news of the partnership was announced on Chainalysis’ blog on Sept.
2020-9-19 20:25 | |
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Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus.
2020-7-28 13:56 | |
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The U.S. Army Criminal Investigation Division Command plans to use a web application to track and trace cryptocurrency transitions.
2020-7-15 15:25 | |
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Authorities across Europe take down an organized crime syndicate that used an encrypted chat network to coordinate their illicit activities.
2020-7-3 00:55 | |
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The Economic Offences Wing (EOW) of the Tamil Nadu Police has issued a warning against cryptocurrency dealings. Trade Cryptocurrency at Your Own Risk In a press release, the Tamil Nadu Police EOW advised residents of the state not to get involved in cryptocurrency transactions owing risk of fraud and other criminal activities.
2020-2-12 22:00 | |
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Binance and Huobi cryptocurrency exchanges receives over 50% of the total cryptos used in criminal activities according to a report by Chainalysis, a cryptocurrency data analysis firm. The high figure comes at a time the former is on the edge of moving offices from the European Union as AMLD5 takes effect in the near future. […]
2020-1-16 17:41 | |
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Bitcoin has in the past been called a Ponzi scheme, a scam, a tool for money laundering and criminal activities, and even has been dubbed rat poison by the Oracle of Omaha himself, Warren Buffett.
2019-12-11 20:00 | |
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The Internal Revenue Service is looking at bitcoin ATMs and their potential to facilitate illicit activities, its criminal investigation chief said.
2019-11-20 14:05 | |
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The People’s Bank of China (PBoC) has had a lot of attention lately with their many changes in the crypto industry. Now, it looks like the central bank is looking to combat money-related criminal activities with a new restriction.
2019-11-15 17:19 | |
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The cryptocurrency industry is no stranger to theft, but pursuing these crimes is relatively difficult around the world. A recent article by The Next Web’s Hard Fork reveals that law enforcers from around the world will soon gather in Australia at the National Proceeds of Crime Conference, as confirmed by a statement from the Australian […]
2019-11-14 00:25 | |
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The Chinese government is strongly supporting the push towards blockchainizing its economy as seen by President’s Xi’s latest remarks on blockchain technology. While the government makes steps towards fully adopting the technology, certain sections remain disturbed by bitcoin’s public nature, volatility and the use of crypto in aiding criminal activities. State Chinese newspaper headlines Bitcoin […]
2019-11-11 16:49 | |
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The Russian government is considering enforcing a law to curtail the use of digital assets for criminal activities, local financial news outlet RBC reported on November 7. The Ministry of Internal Affairs of Russia, along with other relevant authorities, plan to roll out a legal mechanism that would allow seizure of virtual assets for confiscation […]
2019-11-8 00:46 | |
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Until this point, the Russian government has stalled on the enforcement of regulations for its cryptocurrency industry. However, in the wake of rampant crypto-enabled criminal activities in the country, it would seem that authorities are finally seeing the need to step in.
2019-11-7 14:03 | |
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An executive Oz Yosef, who worked on Crypto Capital, a company that provided payment processing services for Bitfinex before the scandal that happened with it and Tether this year, has been indicted for three criminal counts.
2019-10-28 21:46 | |
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Drug cartels and other criminal activities are mostly associated with Bitcoin trading. This is to raise funds to enhance their criminal activities. In the event, however, when the police confiscate $BTC from these illegal activities, where do they go? In Australia, for instance, it’s has been disclosed that in one scenario, the police collected a 20-fold […]
2019-10-25 00:21 | |
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Several authorities including the President of the United States of America have dissed cryptocurrencies and specifically, Bitcoin, claiming that it would pave the way for criminal activities. However, the United Nations seems to be open to the idea as one of its premier agencies, the United Nations Children’s Fund aka UNICEF, has announced the launch […] The post UNICEF launches crypto-fund; will accept donations in Bitcoin, Ether appeared first on AMBCrypto.
2019-10-9 09:59 | |
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Ever since Facebook announced its crypto-asset dubbed Libra, the entire market, especially Bitcoin, has come under fire by regulators and their fears over the asset class’s use in criminal activities.
2019-10-9 01:00 | |
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Cryptocurrency exchanges across South Korea have started implementing guidelines put forward by the Financial Action Task Force in June. The implementation of these recommendations are meant to help curb the use of digital currencies for criminal activities.
2019-9-5 19:30 | |
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India’s Special Investigation Team [SIT] has observed a growing network of criminal gangs using cryptocurrencies for illicit activities like laundering money and smuggling drugs, reported Firstpost.
2019-8-31 19:30 | |
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All last month, the positive sentiment surrounding Bitcoin, crypto, and even Facebook Libra turned negative after United States President Donald Trump made some negative tweets about the digital asset class and its illicit use in criminal activities such as money laundering, cybercrime, drug trade, and more.
2019-8-3 23:00 | |
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Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.
2019-7-30 19:45 | |
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Coinspeaker BTC-e Exchange and Alexander Vinnik Sued $100 Million by the USOn 25th July, FinCEN, an agency within the US treasury department, levied a fine on both Vinnik and BTC-e to the amount of $88,596,314 and $12,000,000, plus interest as provided by law for the involvement in certain monetary related criminal activities.
2019-7-29 14:29 | |
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US Treasury Secretary Steven Mnuchin again turned his attention to bitcoin this week, warning that the Trump administration would pursue “very, very strong” enforcement of existing financial regulations to stop bad actors from using the cryptocurrency to bankroll criminal activities.
2019-7-18 16:29 | |
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Coinbase, the cryptocurrency exchange, along with its CEO, Brian Armstrong, is facing a new class-action lawsuit.
Alexander Vinnik, co-founder of the now-defunct crypto exchange BTC-e, admitted to conspiring to launder money, marking a significant development in a long-standing legal saga.
Coinbase has filed a motion seeking Judge Failla’s permission to seek an interlocutory appeal on her recent order involving investment contracts.
Google has initiated a lawsuit against a group of individuals accused of orchestrating a vast cryptocurrency scam that impacted over 100,000 users globally.
Cryptocurrency balances on KuCoin’s exchange fell across multiple digital assets as the platform navigates a regulatory probe involving its founders.
A new class action lawsuit is targeting the New York-based law firm Sullivan & Cromwell (S&C), which previously served as legal counsel for FTX.
The suit was filed in September 2022 by Julian Moreno Beltran and Douglas Gan on behalf of 375 others, who claim they lost a combined $57 million.