Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong

A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services.

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ZKasino scam suspect arrested, $12.2M seized by Dutch authorities

Authorities seized $12.2 million worth of digital assets, real estate and luxury cars during the arrest.

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Federal Authorities Reject Allegations of Withholding Evidence in Samourai Wallet Legal Battle

The Federal Reserve recently announced that the Financial Crimes Enforcement Network (FinCEN) has praised Samourai Wallet for promptly disclosing vulnerabilities in its system. This acknowledgment highlights the importance of transparency and collaboration in the cryptocurrency industry to ensure the security and integrity of users’ funds. Samourai Wallet, known for its emphasis on privacy and security, [...]

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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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Exclusive: US Authorities Set to Return $8.2M Seized from Crypto Scammers to Wronged Victims

The United States authorities have initiated a civil forfeiture complaint to recover funds that were stolen in a wrong-number text scam. The scam involved individuals receiving text messages posing as a legitimate company and asking for financial assistance due to a supposed error in sending money to the wrong recipient. This deceptive tactic led unsuspecting [...]

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Tax Authorities Intensify Focus on Cryptocurrency as Bitcoin Approaches $1 Million

Tax authorities are ramping up efforts to crack down on cryptocurrency activities. The increasing popularity of digital currencies has prompted tax agencies to strengthen their monitoring and enforcement mechanisms to ensure compliance. With the rise of crypto trading and investments, governments around the world are stepping up their scrutiny of individuals and businesses involved in [...]

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Indian Authorities Arrest Alleged Garantex Founder for Extradition to the US

India Takes Action: Aleksej Besciokov of Garantex Arrested In a recent development in India, authorities have taken action by arresting Aleksej Besciokov, the CEO of Garantex. This move comes as part of a larger crackdown on cryptocurrency-related activities in the country. The arrest of Besciokov is a significant step towards regulating the crypto industry in [...]

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EU Authorities Investigating OKX for Alleged Laundering of $100 Million Through Bybit: Report

European Union regulators are currently investigating OKX and Bybit for potentially laundering $100 million in funds. The watchdogs are closely monitoring these cryptocurrency exchanges as part of their efforts to crack down on illicit financial activities within the crypto space. This scrutiny underscores the growing importance of compliance and regulatory oversight in the digital asset [...]

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Report: French Privacy Regulator Probes Worldcoin’s Biometric Data Practices

The French oversight agency, National Commission on Informatics and Liberty (CNIL), has raised doubts about the legality of Worldcoin’s biometric data collection methods. Besides questioning the legitimacy of its data acquisition processes, CNIL is also delving into how this biometric data is stored. Notably, Worldcoin has collected this data for over two million registrants who [...]

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French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international [...]

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US authorities consider expanding credit line for banks

US authorities are considering expanding an emergency credit line for banks to provide First Republic Bank with a time buffer to address balance sheet concerns, according to Bloomberg sources. The bank is deemed stable enough to operate without immediate intervention. (Read More)

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Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm

Around 50 Chinese nationals have reportedly been apprehended by Libyan authorities following allegations of running a cryptocurrency mining facility within the city of Zliten, local reports detail. Cryptocurrency mining is strictly prohibited by law in Libya. Libyan law enforcement officials have disclosed that the mining operation, situated in an abandoned iron factory, was effectively dismantled.

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FTX under 'active' civil and criminal investigation: Bahamas AG

Bahamian Securities Commission, the Prime Minister’s financial intelligence unit, and a financial crimes unit are all involved in the FTX investigation.

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Do Kwon Calls $78M Tax Investigation By South Korean Authorities ‘Unfair’

Terraform Labs CEO Do Kwon maintained his innocence of any wrongdoing after reports emerged of a possible 100 billion won [$78 million] tax evasion in South Korea. The founder who has been at the center of attention since the UST collapse has denied the allegations slamming the tax collection as “unfair”. The South Korean government […]

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Canadian Man Receives Extended Prison Sentence for Concealing 450 Bitcoins from Authorities

Canadian Crypto App Founder Concealed 450 Bitcoin, Faces Jail Time The founder of a Canadian cryptocurrency application has been sentenced to jail for hiding 450 Bitcoin from the authorities. The individual, whose identity remains undisclosed, was found guilty of concealing the digital assets in an attempt to avoid paying taxes. The court ruling comes as [...]

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American Authorities File Charges Against Canadian for $65 Million KyberSwap and Indexed Finance Hacks

The United States has brought charges against a Canadian individual for their alleged involvement in hacks worth $65 million on the decentralized finance (DeFi) platforms KyberSwap and Indexed Finance. The suspect faces multiple charges related to the unauthorized access and manipulation of these platforms to steal digital assets. The accused individual reportedly exploited vulnerabilities in [...]

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Canadian Charged by US Authorities for $65M KyberSwap and Indexed Finance Hacks

The United States has filed charges against a Canadian citizen for his alleged involvement in hacking activities that resulted in the theft of $65 million worth of cryptocurrencies from decentralized finance (DeFi) platforms KyberSwap and Indexed Finance. The individual is accused of exploiting vulnerabilities in the platforms to siphon off funds illegally. This incident highlights [...]

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Indian authorities seize $190 million in cryptocurrency linked to BitConnect Ponzi scheme

Indian authorities seize $190 million worth of cryptocurrency linked to the notorious Bitconnect scam. The crackdown happened due to suspicions of fraudulent activity related to promoting the Bitconnect scheme. The police targeted various locations across the country to secure the assets, including cryptocurrency, real estate, and other valuables. The infamous Bitconnect scheme operated between 2016 [...]

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OpenAI has until April 30 to comply with EU laws, ‘next to impossible’ say experts

Italian regulators say ChatGPT must meet local and GDPR privacy regulations by April 30, but AI experts say the model's architecture makes such compliance almost impossible.

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Chinese Authorities Crack Down on 54.8 Million USDT Money Laundering Scheme

Chinese authorities crack a major USDT-linked money laundering case, arresting 21 suspects and seizing over 1M yuan. (Read More)

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