Fake Coinbase website leads to $20M fraud, 5-year sentence
A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence. Go to Source
crypto crime
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ZachXBT claims there is an uptick in thieves targetting crypto traders offline
Online software development platform GitHub has a list of at least 15 recorded incidents of in person crypto theft in the last year, around 17 in 2023, and 32 in 2021. Go to Source
Tether Helps Dutch and US Authorities Seize $7.8M in Crypto
Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement … Read more
Owner of unlicensed UK crypto ATM network faces criminal charges
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration. Go to Source
Tron, Tether, and TRM Labs Join Forces to Tackle Crypto Crime
Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin. Crypto Giants Tron, … Read more
Malaysian kidnappers abducted Chinese man for $1M USDT: Report
Six Malaysian nationals, including a couple, have been charged with kidnapping a Chinese citizen and demanding a ransom of $1 million in Tether (USDT). Go to Source
4 suspects forced a Bitcoiner to transfer BTC before killing him, police say
Kyiv Police and the nation’s special police unit have arrested and detained four suspects believed to be responsible for the foreign national’s murder. Go to Source
Elliptic exposes $11B scam network via Huione Guarantee
Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether (USDT) transactions. Go to Source
Florida man convicted in cryptocurrency theft home invasions
Remy St. Felix of West Palm Beach led violent home invasions to steal cryptocurrencies, targeting multiple states over several months. Go to Source
Federal Agents Crack Down on Drug Ring Using Crypto Mixers
Holly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating all forms of illegal dark web and cryptocurrency activities in the Eastern … Read more
