Prosecutors are looking to seize $327,829 worth of Tether after prosecutors say a person in Massachusetts was duped on a dating app.
For years, the wrong-number text arrived like clockwork. A friendly mistake, then apologies, small talk, and gradual friendship. Eventually, the investment tip was a “sure thing” on a slick platform showing returns that seemed too good to ignore. Americans watched account balances climb on fabricated dashboards, only to discover the withdrawal button led nowhere. Life […]
The post Crypto investment cons now run like call centers and the DOJ $580M haul shows where the money pools appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. officials said they froze and seized roughly $580 million in cryptocurrency linked to Chinese scam networks targeting Americans.
ZachXBT.alleges a senior Axiom employee used internal dashboards to access private wallet data and track traders’ activity, raising questions about potential insider trading.
South Korean police have arrested two individuals over the alleged theft of 22 BTC seized during a 2021 hacking investigation.
The funds were traced to crypto wallets allegedly used to launder money stolen from victims lured online to fake trading platforms.
Australian police have charged a 42-year-old man over his role in an alleged $3.5 million crypto scam targeting 190 elderly victims.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Malaysian authorities arrested 12 police officers accused of forcing a Chinese national to transfer their cryptocurrency during a raid.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
South Korean prosecutors have recovered about $21 million worth of bitcoin stolen from their custody last year.
A botched home invasion in the Paris suburbs on Feb. 12 marked a tactical shift in crypto's physical-threat or “wrench attack” landscape. The target, according to French media reports, was the CEO of Binance France. Binance confirmed an employee was targeted and said the employee and family are safe. Two phones were stolen before the […]
The post Binance employee hunted down in botched France home invasion as crypto “wrench attack” spike spreads appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Instead of investing in bitcoin and foreign currency trading, as promised, Palafox used new investor funds to pay old ones and siphoned millions for personal use.
The U.S. DOJ has warned Americans to beware of romance scams involving cryptocurrency ahead of Valentine’s Day.
Ramil Ventura Palafox falsely promised investors 0.5% to 3% daily returns when the company was not able to produce such amounts, per the DOJ.
Elmin Redzepagic allegedly posed as a "cryptocurrency investor who earned high rates of return" to defraud his investors.
Israeli prosecutors indicted an IDF reservist and a civilian for allegedly using classified military information to place bets on Polymarket.
Paxful Holdings Inc. was sentenced to pay $4 million after prosecutors say it profited from a lack of anti-money laundering controls.
Former CEO of SafeMoon US LLC, Braden John Karony, was sentenced to just over eight years in prison on Tuesday.
The measures are intended to prevent the emergence of “heirs” to the Russian crypto exchange Garantex, which the EU sanctioned last year.
Daren Li received a 20-year sentence after admitting involvement in a $73.6 million crypto laundering conspiracy but remains a fugitive.
French police arrested six suspects after a magistrate and her mother were kidnapped in a crypto ransom plot.
This is the first case under South Korea's Virtual Asset User Protection Act, which took effect in July 2024.
Prosecutors said the platform facilitated over $105 million in crypto-based narcotics sales between October 2020 and March 2024.
Europe now accounts for over 40% of global incidents, with France leading at 19 reported attacks, involving home invasions, kidnappings, and targeted personal threats.
Bankruptcy monitoring begins for BitRiver's parent firm as its CEO faces house arrest on tax evasion charges in Russia.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The DOJ said Helix processed at least 354,468 bitcoin between 2014 and 2017, worth about $300 million at the time.