Law Enforcement

Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions

<div class=”featured_image_container”> </div> <strong>Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. </strong> Money Laundering Syndicate Recycles $155 Million in …

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Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date

<div class=”featured_image_container”> </div> <strong>The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. </strong> Ukraine Seizes Thousands of Video Game Consoles Mining Crypto With Stolen Electricity …

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Africrypt Directors Deny Allegations They Fleeced Clients as Doubts Over Actual Value Missing Bitcoins Grows

<div class=”featured_image_container”> </div> <strong>According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that the media may be overestimating the value of the …

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DOJ Seeks Trial Attorney With Extensive Blockchain and Crypto Knowledge

<div class=”featured_image_container”> </div> <strong>The U.S. Department of Justice (DOJ) is seeking a trial attorney to help with the federal executive agency’s Digital Currency Initiative. The DOJ posted a job listing on the justice.gov web portal and the hired individual is expected to serve as an “expert on digital currency and blockchain technologies for the criminal …

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A week after arrests, Cl0p ransomware group dumps new tranche of stolen data

Enlarge Getty Images A week after Ukrainian police arrested criminals affiliated with the notorious Cl0p ransomware gang, Cl0p has published a fresh batch of what’s purported to be confidential data stolen in a hack of a previously unknown victim. Ars won’t be identifying the possibly victimized company until there is confirmation that the data and …

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Tunisian Minister Says He Plans to ‘Decriminalize’ the Buying of Bitcoin

<div class=”featured_image_container”> </div> <strong>After reports that Tanzanian President Samia Hassan had asked her finance chief to look into cryptocurrencies, Tunisia has become the latest African country to signal a willingness to embrace digital assets. According to remarks attributed to Ali Kooli, Tunisia’s economy minister, the North African state will soon move to decriminalize the buying …

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FBI Seizes 800 Beverly Hills Safety Deposit Boxes With $86M, Attorneys Claim Fed’s Raid ‘Unconstitutional’

<div class=”featured_image_container”> </div> <strong>The Federal Bureau Investigation (FBI) is under fire for an alleged unconstitutional seizure of 800 safety deposit boxes in Beverly Hills. According to reports, the FBI confiscated $86 million in cash, jewelry, and thousands of gold and silver bars. Box holders and their lawyers are calling out the federal law enforcement agency …

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Facebook is a hub of sex trafficking recruitment in the US, report says

Enlarge Serhii Ivashchuk/Getty Images Facebook is the most commonly used social media platform for human sex trafficking recruitment in the US, according to a new report published by the Human Trafficking Institute. Last year, 59 percent of victims in active cases who were recruited through social media were found through Facebook, the report states, with …

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New Jersey County Liquidates Bitcoin Seized in 2018, Profiting Almost 300%

<div class=”featured_image_container”> </div> <strong>Individuals and companies are not the only ones who take advantage of the significant bitcoin prices surging across the board, despite recent pullbacks. In New Jersey, United States, a county yielded profits after liquidating seized cryptocurrencies during a drug investigation.</strong> Authorities Gained Control of the Cryptos in 2019 According to NBC New …

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Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning

<div class=”featured_image_container”> </div> <strong>Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.”</strong> Proliferation of Scams According to …

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