$25,000 in Bitcoin Seized from Alleged Software Scam Operator
A cache of bitcoins and litecoins has been seized by federal law enforcement officials as part of an investigation into alleged counterfeit software sales and distribution. Approximately 105 BTC and 900 LTC were cited in a civil forfeiture that included more than $7m, hundreds of gold and silver bars and coins, and a number of luxury items including sports cars, wedding rings and a diamond-encrusted Rolex. The operation involved a number of companies based in Missouri, Nevada, Washington state and Maryland. The digital currency holdings were confiscated from Rex Yang, a Seattle-based....
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The US Department of Justice has seized 127,195 Bitcoin (BTC) linked to Chen Zhi, the alleged operator of a massive “pig butchering” scam based in Cambodia. The value of the seized Bitcoin—around $15 billion—marks the largest forfeiture action in the DOJ’s history, underscoring the scale of global crypto-related financial crimes and the US government’s growing […]
Federal officials recently raided a software piracy racket and seized a wide range of upscale assets, which includes a huge chunk of digital currencies Bitcoin and Litecoin. As per the available information, the alleged software counterfeiting organization - known as Technolutions - had around 105 BTC and 999 LTC, which were held by its alleged operator Rex Yang. Other items cited in aforesaid civil forfeiture included $7 million in cash, gold and silver coins, as well as expensive rings, cars and one Rolex watch. They all were seized from a number of companies located in Maryland,....
The Federal Bureau of Investigation (FBI) together with the US Attorney for the Southern District of New York have announced that they have arrested 'Defcon', the operator of illicit black market website Silk Road 2.0. At press time, the Silk Road 2.0 marketplace was no longer operational, with the website displaying a disclaimer that it had been taken down by Europol, Eurojust, the FBI, US Department of Justice and US Immigration and Customs Enforcement. Authorities arrested 26-year-old San Francisco native Blake Benthall yesterday in his home city. He will appear in federal court today....
Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies.
India Authorities Seize Assets in Alleged Crypto Scam Case
India’s Enforcement Directorate (ED), a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, has seized assets valued at 36.72 crore rupees ($5 million) in connection with a cryptocurrency scam.
The ED began....
Chinese authorities seized over 127,000 Bitcoin — worth more than $15 billion — from the head of a massive crypto fraud network. That seizure, tied to Chen Zhi of Prince Group, was just the opening move. Now his right-hand man is in custody too. Related Reading: Crypto ATMs Face Ban In Massachusetts City Amid Scam […]