DOJ’s Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian ‘Pig Bu...
The US Department of Justice (DOJ) has announced its largest cryptocurrency seizure to date, confiscating approximately $15 billion worth of Bitcoin (BTC) from cryptocurrency wallets linked to a man overseeing a large-scale “pig butchering” fraud operation based in Cambodia. This significant operation was detailed in an indictment unsealed in federal court in Brooklyn, New York, […]
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The Royal Canadian Mounted Police (RCMP) has confirmed a record-breaking seizure of cryptocurrency linked to the centralized exchange TradeOgre, taking control of assets worth more than 56 million Canadian dollars—about 40 million US dollars—following a federal policing investigation in Quebec. The agency described the operation as “the largest cryptocurrency seizure in Canadian history,” and said […]
The U.S. Department of Justice (DOJ) has announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ’s “largest cryptocurrency seizure to date.” In addition, two people have been arrested in connection with the hack and stolen cryptocurrency. Bitfinex Hack’s Stolen Bitcoins Seized, 2 People Arrested The Department of Justice (DOJ) announced Tuesday that the U.S. government has seized stolen cryptocurrency directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. According to....
The man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the history of the DOJ and “remains the department’s second-largest financial seizure ever.”
Silk Road Exploiter Pleads Guilty
The U.S. Department of Justice (DOJ) announced Monday that James Zhong pleaded guilty on Friday “to committing wire fraud in September 2012 when he unlawfully obtained over 50,000 bitcoin from the Silk Road dark web....
The seizure on Tuesday, tied to the Silk Road marketplace, is reported to be the largest the U.S. has ever effected
Cambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrency-related activities in the country is still illegal. Fintech Industry Growing Rapidly The Cambodian government has not greenlighted the issuing or use of any cryptocurrency in the country, a report has said. The report, which cites a document recently released by the Ministry of Finance and Economics, said it is still illegal to create, distribute, or trade cryptocurrencies in Cambodia. According to a China News Service report, while the....