3 reasons why Bitcoin (BTC) is up today

Weak tech corporate earnings, spot Bitcoin ETF inflows and the potential arrival of a new major investor drove Bitcoin price above $63,000.

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Brazilian Court Grants Permission to Seize Cryptocurrency for Debt Recovery Report

In a recent development, a Brazilian court has granted permission for the seizure of cryptocurrencies to be used for debt collection. This decision marks a significant step towards integrating digital assets into the legal framework of the country. The court’s ruling is expected to have a far-reaching impact on how debts are collected in Brazil, [...]

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Crypto: China Monetizes Seized Digital Assets to Fund Budget

China is selling crypto assets that have been confiscated by law enforcement for the purpose of funding local budgets.

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Exclusive Report: US Customs Releases Seized Crypto Miners

The United States Customs authorities are reportedly releasing the cryptocurrency miners they seized. This decision comes after a significant operation targeting illegal mining activities. The confiscated miners are now being returned to their rightful owners. This move is seen as a positive step for the crypto community, as it demonstrates the authorities’ willingness to work [...]

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$65K Bitcoin Price Predictions Accumulate as Spoofy the Whale Seizes the Dip

The Bitcoin market is buzzing with excitement as various analysts and traders set their sights on a $65,000 price target for the popular cryptocurrency. In the midst of this optimism, a mysterious investor known as “Spoofy Whale” recently made a significant purchase during a price dip, causing a stir in the market. With Bitcoin’s price [...]

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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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US Department of Justice Seizes Hamas Cryptocurrency Meant for Financing Terrorism

The US Department of Justice has confiscated $201,000 of cryptocurrency linked to Hamas terrorist financing. This seizure marks a significant milestone in the government’s efforts to crack down on illicit activities using digital assets. The funds were believed to be used to support terrorist activities and were traced back to a known Hamas-affiliated cryptocurrency exchange. [...]

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UK Court Convicts Woman Found With More Than $4.3 Billion in BTC

A London resident reportedly caught with bitcoins worth over $4.3 billion has been convicted for entering into a money laundering arrangement. The woman specialized in converting digital assets into physical assets, such as multimillion-dollar houses and jewelry. Converting Bitcoin to Physical Assets A British woman, found in possession of bitcoins currently valued at over $4.3 [...]

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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 [...]

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Bitfinex Hackers Surrender: Couple Agrees to Forfeit 120,000 Bitcoin in Plea Deal

An American couple accused of laundering billions of dollars worth of Bitcoin stolen from the 2016 hacking of virtual currency exchange Bitfinex has entered into a plea agreement, according to court records reported by Reuters.  Heather Morgan, who used the hip-hop alias “Razzlekhan” to push her music online, and her husband Ilya Lichtenstein were arrested earlier this year and are set to appear for a plea hearing on August 3 before Senior Judge Colleen Kollar-Kotelly in Washington. Laundered Bitcoin Exceeds $4.5 Billion Ilya Lichtenstein and Heather Morgan, both residents of New York, are facing charges for allegedly conspiring to launder the proceeds of 119,754 Bitcoin (BTC) that were stolen from Bitfinex in 2016.  After the hacker breached the platform’s systems and initiated over 2,000 unauthorized transactions, the stolen Bitcoin was transferred to a digital wallet controlled by Lichtenstein.  Over five years, approximately 25,000 of those stolen Bitcoin were moved out of Lichtenstein’s wallet via a complex money-laundering process, which ultimately resulted in some of the stolen funds being deposited into financial accounts controlled by the couple. Related Reading: Riding The Ripple Effect: What’s Next For Stellar Lumens (XLM)? More than 94,000 Bitcoin, the remainder of the stolen funds, were left in the wallet used to receive and store the illegal proceeds from the hack.  However, after executing court-authorized search warrants for online accounts controlled by Lichtenstein and Morgan, special agents accessed files in an online account controlled by Lichtenstein.  These files contained the private keys required to access the digital wallet that directly received the funds stolen from Bitfinex, enabling law enforcement to lawfully seize and recover over 94,000 Bitcoin, valued at over $3.6 billion at the time of seizure. According to the criminal complaint, Lichtenstein and Morgan used various sophisticated laundering techniques, including setting up online accounts using fictitious identities, automating transactions using computer programs, depositing the stolen funds into accounts at virtual currency exchanges and darknet markets, converting Bitcoin to other forms of virtual currency, and using U.S.-based business accounts to legitimize their banking activity. Related Reading: Ethereum Daily Users Plunge Amid Declining Network Revenue While Bitcoin was worth $71 million at the time of the hack, it had appreciated to over $4.5 billion at the time of their arrest earlier this year. Prosecutors are now seeking to have the pair forfeit assets worth around $3 billion, including cash from bank accounts and tokens from crypto wallets. Additionally, prosecutors are seeking to have the couple forfeit gold coins that were “excavated and recovered by law enforcement” from an undisclosed location in California.  At present, Bitcoin remains the largest cryptocurrency in the market, based on trading volume and capitalization. It is currently trading at $29,860, which is relatively stable compared to the previous 24 hours, with a slight increase of 0.5%. Featured image from Unsplash, chart from TradingView.com

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Bahamas seized $3.5 billion from FTX to ‘protect customers’ | Invezz

The Bahamas Securities Commission has announced it took custody of over $3.5 billion worth of FTX deposits. According to a press release the BSC published on Thursday, the regulator moved to seize the assets on 12 November, just a day after the cryptocurrency exchange filed for bankruptcy. The seizure was ordered by the Supreme Court ... Read more

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Cross-chain exchange Fixed Float seizes 112 ETH ($200,000) stolen from Curve

Cross-chain exchange Fixed Float has frozen 112 ether ($200,000) stolen in a front-end attack on the decentralized exchange Curve Finance.

Curve Finance’s front end was compromised on Tuesday through a Domain Name Service (DNS) attack. The attackers had redirected users asking them to approve a malicious contract.

The DNS attack resulted in a loss of stablecoins worth $612,000, which according to security firm CertiK were swapped to ether (ETH).

After swapping the stablecoins to ether, the attackers then tried transferring the ETH tokens to the Fixed Float exchange where the funds were seized.

Fixed Float is a decentralized Lightning Network-based exchange that allows users to swap between ether and bitcoin and it is believed the attacker wanted to launder the ether for bitcoin.

After freezing the funds, Fixed Float commented on Twitter saying:

“Our security department has frozen part of the funds in the amount of 112 ETH.”

The Curve Finance hack was unique in that the attackers avoided funneling all the stolen funds through Tornado Cash, a popular mixer on Ethereum that hackers use to obfuscate transfers of stolen tokens. Only a small amount was sent to Tornado Cash.

In recent days, Tornado Cash has been in the limelight after it was sanctioned by the US treasury.

According to Ryan Wegner, a lead security engineer at Polygon, the attacker transferred 242 ETH to Fixed Float, about 26 ETH to Tornado Cash, and 23 ETH to SideShift, a none-KYC crypto exchange.

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How and Why Did German Authorities Just Seize 543 Bitcoin?

Despite what you may hear, your Bitcoin is not bulletproof from seizure. Covered: World’s Largest Darknet Market Nixed Mixed Bitcoin, Custodial Exchange World’s Largest Darknet Market Nixed The world’s largest darknet market (DNM) has been shut down by German authorities. The servers of Hydra Market, “the most prominent Russian darknet platform for selling drugs and […]

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Robert Kiyosaki Says ‘We Are in Biggest Bubble in World History’ — Warns Government Will Seize All Cryptocurrencies – Economics Bitcoin News

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has made some gloomy predictions about the economy and the future of cryptocurrency. Besides warning that we are in the biggest bubble in world history, Kiyosaki has predicted that the government will seize all cryptocurrencies. Robert Kiyosaki Warns of the Biggest Bubble, […]

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Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials – Bitcoin News

The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed the officials’ income. New Law Allows Russia to Prosecute Officials With Illegal […]

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U.S Enforcers Seized $30M of Crypto Linked to Netwalker Ransomware in 2021

As cryptocurrencies are booming over past years, the hackers and scammers are also rising on the same hand. In addition,

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US Officials Seize $31 Million in Cryptocurrency Linked to 2021 Uranium Finance Hack

On July 20, 2021, law enforcement officials in the United States confiscated $31 million in assets related to the Uranium Finance hack. The hack that occurred earlier in the year involved the exploitation of smart contracts to steal funds from the decentralized finance platform. The authorities were able to track down and seize the illicitly [...]

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UK Police Seize 61,000 Bitcoins From Huge Chinese Investment Fraud

The U.K. Metropolitan Police have reportedly seized more than 61,000 bitcoins from a massive Chinese investment fraud. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole roughly $6.4 billion from more than 128,000 investors. British Police Seize Over 61,000 Bitcoins The U.K. Metropolitan Police have seized more than 61,000 [...]

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Indian Government Seizes $190 Million in Cryptocurrency Linked to BitConnect Ponzi Scheme

Indian authorities have made a significant move in the world of cryptocurrency by seizing $190 million in crypto assets linked to the infamous Bitconnect scheme. The enforcement agency responsible for the operation, the Directorate of Enforcement (ED), stated that this marks one of the largest cryptocurrency seizures in the country’s history. The ED carried out [...]

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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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