FBI seizes $6M from crypto scammers targeting US citizens
Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized. This post was originally published on this site
FBI seizes $6M from crypto scammers targeting US citizens
Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized. This post was originally published on this site
Tether Helps Dutch and US Authorities Seize $7.8M in Crypto
Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement […]
US Sentences Nigerian Darknet Fraud Leader to Five Years in Prison for $6M Scheme
A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment card data, using cryptocurrencies like […]
FATF Urges India to Strengthen Virtual Asset Regulation
India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was […]
Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two
Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto. This post was originally published on this site
Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two
Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto. This post was originally published on this site
Binance Security Team Recovers $73 Million in Stolen Crypto Funds This Year
Crypto exchange Binance’s security team has recovered or frozen over $73 million in stolen user funds so far this year, surpassing the $55 million recovered in 2023. This achievement highlights the company’s commitment to improving cryptocurrency security. Binance Recovers $73 Million in Stolen User Funds Crypto exchange Binance announced on Wednesday that its security team […]
Cyprus calls for collective crackdown against crypto terror financing
The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.This post was originally published on this site
FCA busts suspects in a $1.2B illegal crypto asset business
FCA arrests two suspects involved in a $1.2 billion illegal crypto asset exchange, highlighting the agency’s efforts to combat financial crime. This post was originally published on this site