Bitforex reopens for withdrawals after police investigation

After roughly five months of silence, the crypto exchange Bitforex claimed that the police in Jiangsu Province had detained its team members in February.

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CatCoin demands BitForex resolve token withdrawals, hints at lawsuit

The CatCoin team urged BitForex to respond to its grievances via a designated email address, marking a last-ditch effort before potentially escalating the matter further.

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Hong Kong Police Disrupt $15 Million Laundering Ring Utilizing Cryptocurrency and 500 Bank Accounts

Hong Kong authorities dismantle a $15 million crypto money laundering operation Law enforcement in Hong Kong has successfully cracked down on a large-scale cryptocurrency laundering scheme worth $15 million. The police arrested five individuals between the ages of 24 and 33 for allegedly participating in the illegal operation. The suspects reportedly used a popular digital [...]

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'Crypto King' Aiden Pleterski faces fraud, money laundering charges

Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation.

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Chinese police bust $1.9B USDT underground banking racket

The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.

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Surge in Cryptocurrency Cartel: Chinese Police Nab Six in $300M Bust

In a significant cryptocurrency crackdown on illicit financial activities, the Public Security Bureau of Panshi City, Jilin Province, revealed the dismantling of an underground banking operation exploiting cryptocurrency. This operation, with a staggering sum of approximately 2.14 billion yuan involved, underscores the growing challenges posed by the illicit use of virtual currencies. The modus operandi […]

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Filecoins liquid staking team under investigation by Chinese Police report

The team behind Filecoin's staking platform STFIL claims that they are under investigation by Chinese police.

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Spanish Police Detain Six Suspects in $20M AI-Powered Investment Scam Bust

Spanish Authorities Dismantle $20 Million Artificial Intelligence-Driven Fraud Spanish law enforcement recently targeted a sophisticated $20 million scam that utilized artificial intelligence technology to target unsuspecting victims. The operation, conducted in collaboration with international authorities, resulted in the dismantling of a criminal network that had been operating the scheme for an extended period. The scammers [...]

The post Spanish Police Detain Six Suspects in $20M AI-Powered Investment Scam Bust appeared first on Crypto Breaking News.

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Chinese Police Investigate STFIL Team Members in Filecoin (FIL) Liquid Staking Protocol

Chinese police are investigating STFIL technical team members, who relocated 2.5 million FIL tokens to an unknown address during an unscheduled protocol update, seeking community assistance to protect stakeholders' interests. (Read More)

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LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody

The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Divisions Cargo Theft Unit announced the retrieval of all stolen items. California Authorities Arrest Trio for Stealing Bitcoin Mining Hardware On March 19, 2024, the LAPD, along with detectives from the [...]

The post LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody appeared first on Crypto Breaking News.

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Jimbos Protocol offers deal to hacker, threatens police action

The deal was posted to both the Ethereum network and the protocol’s official Twitter channel.

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The Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’

The chief inspector of the CSTCB warned that the metaverse is no safer than the traditional internet, saying that "all crimes in the cyberspace could also happen in the metaverse."

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UK crime agency scouts for seasoned crypto investigators

The National Crime Agency (NCA) of the United Kingdom is hiring two blockchain investigators for its newly formed Digital Assets Team within the Complex Financial Crime Team (CFCT) to tackle crypto crimes. The job involves overseeing complex investigations involving cryptocurrency and digital assets from a Proceeds of Crime Act (POCA) perspective. POCA relates to the [...]

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Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro

According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while traveling with fraudulent identification documents. Report Says Kwon’s Legal Representation Aims [...]

The post Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro appeared first on Crypto Breaking News.

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Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America

According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution, and the firm will be required to cease operations in Connecticut. [...]

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Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors

Canadian law enforcement reports that affluent cryptocurrency investors have become targets of home invasion-style robberies. Both Delta Police and Royal Canadian Mounted Police in Richmond have issued warnings after having dealt with multiple robberies involving prominent cryptocurrency investors over the past year. Wealthy Crypto Investors Become Targets in Canada Over the last 12 months, numerous [...]

The post Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors appeared first on Crypto Breaking News.

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Canadian police warn crypto investors on growing home robbery trend

Perpetrators have impersonated delivery drivers in order to break into the homes of victims to steal cryptocurrency.

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Two suspects have been arrested by the French police in connection with Platypus

French authorities apprehended two individuals in Platypus' $9.1 million exploit. (Read More)

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Aussies revealed as prime targets of Israel crypto scam syndicate

Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.

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Pinoy Loses 1.4 Million Pesos After Investing in a Crypto Exchange Fraud

The PNP is already investigating the cryptocurrency scam and has advised the public to carefully research before dabbling into investments.

The post Pinoy Loses 1.4 Million Pesos After Investing in a Crypto Exchange Fraud appeared first on BitPinas.

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