UK is making this move as well as others as it appears to place itself as an international hub for cryptocurrency know-how innovation. Recommendations of UK finance ministry further embody the belief ...
Tag: Authorities
German authorities shut down Hydra darknet marketplace, seizing 500 bitcoin
German authorities have shut down the darknet marketplace Hydra after securing server infrastructure and seizing 543.3 BTC (25 million USD). The Frankfurt am Main Public Prosecutor’s Office, Ce...
Indian Authorities Recover Nearly $300k in Crypto Linked to Drug Trafficking
During the Indian parliament session on Monday, the country’s Minister of State for Finance, Pankaj Chaudhary, said that a raid by the Narcotics Control Bureau, Central Board of Indirect Taxes, and Cu...
German authorities shut down world’s largest darknet market Hydra
Germany’s Central Office for Combating Cybercrime (ZIT) and the Federal Criminal Police Office (BKA) have successfully seized the server infrastructure of the world’s largest illegal darknet marketpla...
Indian Authorities Arrest Another Suspect Accused in $160 Million Crypto Fraud Case
On March 28, the Enforcement Directorate (ED) arrested a person, Abdul Gafoor, one of the accused in the Morris Coin fraud case that erupted on the India crypto scene in January 2022 and still remains...
Latvian and Lithuanian Authorities Detain 108 People over Call Center Scam
Latvian State Police (Valsts policija) and the Lithuanian Police (Lietuvos Policija) have recently busted a multi-million-euro financial broker call center scam. According to the details provided by E...
French Authorities Blacklist Nine Websites, Warn against Fake FX, Crypto Dealers
Two French authorities, the Financial Markets Authority (AMF), a stock market regulator, and the Prudential Control and Resolution (ACPR), the supervisory body for the banking and insurance sector, wa...
Authorities Are Worried Over The Participation Of Regular Users With Complicated Cryptocurrency Goods
The Securities and Exchange Commission (SEC) has been critical of these products at various times, asking consumers to do their homework before investing. The brokerage company regulator has issued a ...
Authorities Catching Up With NFT Scams
The NFT space is notorious for scams and dishonest behavior, and there have been frequent rug pulls. A rug pull means, basically, when a project takes your money and runs. That might mean you send you...
What problems are Canadian authorities facing in seizing Freedom Convoy trucker crypto funds?
Lately in Canada, truckers have organized an initiative against the Covid-19 vaccine mandates in the country; the incident saw resistance to a huge extent In order to take strict actions against the F...
Indian Authorities Recover $2.3 Million From Crypto Tax Evaders
Indian Minister of State for Finance, Pankaj Chaudhary, has revealed that the government has recovered $2.3 million from 11 cryptocurrency exchanges for tax evasion including interest and penalty char...
All 132 On China Eastern Flight Died In Crash, Chinese Authorities Determine
Topline All 132 passengers and crew on board the China Eastern Airlines flight that crashed in Guangxi province Monday have died, Chinese state media quoted an official from the Civil Aviation Adminis...
Canadian Authorities Struggle to Seize Freedom Convoy’s Bitcoin Donations
Though the Canadian government has brought protests against vaccine mandates to an end in Ottawa, the hunt for Bitcoin intended to finance those protests continues. That’s because most of the $...
Fraud worth $500,000 worth BTC: US Authorities to return the funds to the Victim
American Officials recently confiscated funds worth $500,000 of Bitcoin, which the fraudulent managed to take out from an elderly. The criminal managed to dig out the entire retirement funds of ...
Scam Victim Gets Back Bitcoin Worth $500K From U.S. Authorities
The US Department of Justice has successfully returned to an elderly person the bitcoin stolen by a government imposter. US Attorney Dena J. King announced Tuesday “the forfeiture and return of stolen...
US Authorities to Return Over $500,000 Worth of Bitcoin to a Conned Elderly Person
US Attorney Dena J. King announced that law enforcement seized $547,000 worth of bitcoin from a criminal who conned an elderly person last year. The officials will return all funds to the victim. Crac...
Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme – Regulation Bitcoin News
Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspec...
U.K Bans Crypto ATMs: Authorities Warn Shut Machines To Avoid Legal Actions
Crypto ATMs in the country are given the warning to stop all their operations by the British Financial Conduct Authority (FCA) otherwise face legal action. Around 81 cryptocurrency ATMs, located...
US Authorities Seize $28M in Crypto Related to NetWalker Ransomware
Over $28 million worth of cryptocurrency has been seized in connection with a former Canadian government employee, Sebastien Vachon-Desjardins, being extradited to the United States on charges relatin...
US Authorities Charge Siblings in $124 Million Crypto Fraud Case
The US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the Un...
Guangzhou Authorities Launch Crack Down On Mining Operations
Authorities in the Guangdong province in the People’s Republic of China have seized 190 cryptocurrency mining computers and shut the operation down. The Guangzhou Development and Reform Commission cra...
Swiss Authorities to Freeze Crypto Assets of Key Russians
The finance ministry of the affluent Alpine state is set to freeze Russian-owned crypto assets and businesses. The Swiss federal government wants to freeze crypto assets owned by Russian individuals a...
Israeli authorities seize Hamas linked crypto accounts
A set of 30 crypto wallets from 12 exchange accounts that have been linked to the terrorist group Hamas based in the Gaza Strip were seized on Monday by Israeli authorities. Crypto exchange al-Mutahad...
Finally, U.S. authorities indict founder of $2 billion BitConnect fraud
Three years after the official closure of BitConnect, an infamous crypto exchange platform, the United States authorities are still in the business of bringing the brains behind it to book for allegat...
Kazakhstani Authorities Seize 360 Illegitimate Bitcoin ASICs As Part Of A Campaign For A Greater Mining Fee
This comes after Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, proposed a 335 percent rise in the electricity tariff. If approved, crypto miners in the country will no longer...
Kazakh Authorities Spotted 13 Underground Cryptocurrency Mining Farms Illegally Consuming Energy
Feb 24, 2022 at 13:21 // News Kazakhstan’s Energy Ministry is redoubling its efforts to fight illegal cryptocurrency mining. This week, 13 illegal facilities with a total capacity of over 200 Wt...
Indian Authorities Bust Crypto Racket, More Than $5M Stolen
Per a report from The Times of India, an alleged crypto racket organization has been busted in the city of Nagpur. The report claims the organization drained off over Rs40 crore or $5.36 million using...
Malaysian Authorities Seized $13M Worth Crypto Mining Equipment in 2021: Report
Right after China slapped a ban on Bitcoin (BTC) mining, the operations have started to spread worldwide and invade not-so-friendly territories. In Malaysia, illegal crypto mining operations are at a ...
Indian Authorities Crack $5.4 Million Crypto Scam, Arrest 11
Indian authorities have arrested 11 people in connection with a crypto scam that allegedly duped would-be investors out of $5.36 million (₹400 million). According to the Times of India, Nagpur police ...
Indian cryptocurrency scam: Authorities arrest 11 individuals over alleged $5.4 million fraud
TR; DR Breakdown Eleven people arrested in India for alleged $5.4 million fraud The accused alleged lured investors with promises of high returns In what is being touted as India’s largest cryptocu...
Emirati authorities prepare federal licenses to expand crypto in the UAE
The United Arab Emirates is preparing federal licenses that will enable global companies to conduct their business within the country. The country is also gearing up to build its own crypto mining eco...
Why the UK authorities’ £1.4 million NFT seizure isn’t groundbreaking
Cyber security officials poured cold water on the idea that a recent move to seize crypto assets in the UK, including three NFTs, had broken new ground. Earlier this week, the UK’s tax authority arre...