Crypto Crime Hit Hard: $700 Million Frozen By DOJ Strike Force
A US law enforcement task force seized hundreds of fake investment websites and unsealed warrants against two suspects tied to a Burmese crypto scam compound. Related Reading: $467K In Crypto Seized As Spain Cracks Down On Illegal Piracy Platform US Reward For Scam Center Tips The US State Department is offering $10 million to anyone […]
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US Federal authorities announced Thursday that more than $580 million in crypto tied to Chinese transnational criminal organizations has been seized or frozen as part of an aggressive crackdown on large-scale investment and confidence scams targeting Americans. The action was carried out by the D.C. Scam Center Strike Force, a joint initiative involving the US […]
Following an arrest warrant issued by the Seoul Southern District Prosecutor’s Joint Financial Securities Crime Investigation Team, authorities in that country moved on to freeze the assets of Terra (LUNA) founder Do Kwon. So far, crypto exchanges have frozen around $100 million from these platforms. Related Reading: Mayweather Continues To Fight Ethereum Max Lawsuit Following […]
More than $12 million in suspected criminal proceeds has been frozen after a joint US, UK and Canadian crackdown targeted crypto approval phishing scams that affected more than 20,000 people, according to the UK’s National Crime Agency. The operation also identified more than $45 million in cryptocurrency fraud tied to the same network of scams. […]
South Korean authorities have reportedly frozen $40 million in crypto assets, including bitcoin, allegedly belonging to Luna founder Do Kwon. However, Kwon denied that any funds of his have been frozen. “I don’t even use Kucoin and Okex, have no time to trade, no funds have been frozen,” he insisted. Prosecutors Say They’ve Frozen Do Kwon’s Crypto, Including Bitcoin South Korean prosecutors have reportedly frozen nearly $40 million in crypto assets allegedly belonging to Terraform Labs co-founder Kwon Do-hyeong (also known as Do Kwon). Citing Korean....
A public-private task force has submitted a report to the Biden administration that includes recommendations to tighten the regulation of cryptocurrencies, including bitcoin, with the aim to combat ransomware. “The cryptocurrency sector that enables ransomware crime should be more closely regulated,” the task force wrote. White House Urged to Tighten Crypto Regulation A task force, organized by the Institute for Security and Technology, submitted a report entitled “Combating Ransomware” to the Biden administration Thursday with 48 recommendations, some of which aim....