Compliance experts should help regulate crypto Silk Road 2.0 founder

Compliance experts explain the importance of working with regulators to ensure that effective crypto laws are passed.

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FBI issues warning about scammers impersonating crypto exchanges

The FBI urges victims to report scam activities through official channels and provide any transaction information related to the scam.

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FBI will neither confirm nor deny the existence of Satoshi records

An investigative journalist reported that the FBI issued a standard Glomar response to a request for information on Satoshi Nakamoto but with an interesting assertion.

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Sky Mavis recovers $5.7M from Ronin Bridge hack

Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs, while the rest will return to the Axie treasury.

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US State Dept offers $5M reward for OneCoin Cryptoqueen

Bulgarias Acting Prosecutor General said Ruja Ignatova would be charged in absentia, while the FBI listed a $5 million reward for the OneCoin founder.

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Singapore alerts businesses to Bitcoin ransomware risk

Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately.

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Virginia Man Sentenced to 30 Years for Crypto Funding of ISIS Terror

A Virginia man, Mohammed Azharuddin Chhipa, has been sentenced to 30 years in prison for cryptocurrency funding of ISIS. Chhipa wired more than $185,000 to female ISIS members in Syria between 2019 and 2022. The U.S. Department of Justice (DOJ) outlined how Chhipa used social media and encrypted applications to collect, launder, and transfer the […]

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New Zealand man apprehended in $265 million cryptocurrency scheme linked to FBI investigation

A man from New Zealand has been apprehended by the FBI in connection with a cryptocurrency scam worth $265 million. The arrest comes after an extensive investigation into the fraudulent scheme, which reportedly defrauded numerous victims of substantial amounts of money. The suspect, whose identity has not been disclosed, is believed to have played a [...]

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Maryland Woman Loses $3 Million in Pig Butchering Crypto Scam 

A woman from Maryland lost $3 million in a crypto scam known as “pig butchering.” The fraudsters, who are from Southeast Asia, gained her trust after several weeks using a Korean messaging app before stealing her money. The FBI has warned that this type of fraud is becoming more popular in recent times. Basically, pig […]

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Avraham Eisenberg, Mango Markets Exploiter, Charged with Possession of Child Pornography

Avraham Eisenberg, convicted of fraud and market manipulation in a $110 million Mango Markets heist, has been charged with possession of child pornography after discovering explicit images of minors on his electronic devices. (Read More)

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Older Americans Hit Hard by Crypto Scams, FBIs IC3 Reports $2.8 Billion Losses

Cryptocurrency fraud losses soared by 66% in 2024, totaling $9.3 billion, and a significant portion of complaints were from older individuals.

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FBI Warns Americans Against Using Non-KYC Crypto Money Transmitting Services

The FBI says crypto money transmitting services that purposely break the law or knowingly facilitate illegal transactions will be investigated.

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Uncovering the $9.3B Crypto Fraud Scam that Rocked Americans in 2024, Revealed by FBI

The FBI’s Latest Report on Cryptocurrency Fraud Trends for 2024 A recent FBI report delves into the increased prevalence of cryptocurrency fraud schemes in 2024, shedding light on the evolving tactics used by scammers in the digital asset space. The report highlights the various ways in which fraudsters are exploiting the growing popularity of cryptocurrencies [...]

The post Uncovering the $9.3B Crypto Fraud Scam that Rocked Americans in 2024, Revealed by FBI appeared first on Crypto Breaking News.

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Gotbit Founder Pleads Guilty, Forfeits $23M in US Crypto Case

Gotbit founder, Aleksei Andriunin, pleaded guilty to market manipulation charges related to cryptocurrency. Andriunin must surrender $23 million worth of Tether and USDC tokens as part of the agreement. The plea deal requires Andriunin to admit his involvement in wire fraud and his role in conspiracy to crypto market manipulation. Gotbit Founders Guilty Plea Andriunin […]

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Former FTX exec Ryan Salame’s home searched by FBI: Report

It’s unclear what the Bureau was searching for in the home of the former co-CEO of FTX Digital Markets, who worked closely with Sam Bankman-Fried.

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US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion

As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million [...]

The post US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion appeared first on Crypto Breaking News.

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FBI releases warning about fake crypto job advertisements

The fake job advertisements have lured prospective employees to foreign countries, forcing participation in cryptocurrency fraud schemes.

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Binance CEO denies FBI "shot" rumor

Binance CEO Changpeng “CZ” Zhao has denied rumors that he was "shot" by the FBI, which were "spread widely" on a Chinese messaging platform. CZ took the opportunity to reiterate the close working relationship between Binance and the FBI, and emphasized the importance of ignoring fake news and distractions. (Read More)

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Millions from Axie Infinity Hack Recovered By FBI and Norwegian Authorities

Økokrim and the FBI were successful in preventing the North Korean Hacker Group from laundering the stolen crypto assets.

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How Do Cops Take Down Crypto-Criminals? Here’s How

The criminal lords inhibiting in different lawless corners of the internet have boasted and operated freely in various activities. These lawless activities include money laundering, [...]

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