Virginia man convicted of funding ISIS using cryptocurrency
Chhipa sent $185,000 in cryptocurrency to ISIS members in Syria, funding prison escapes and fighters. Go to Source
cryptocurrency crime
Auto Added by WPeMatico
Bitfinex hacker should get 5 years jail for 120K BTC heist: Feds
Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack on the Bitfinex, should receive a reduced sentence of five-years in prison, prosecutors say. Go to Source
US prosecutors push for 5–7 years in prison for ex-FTX exec
U.S. prosecutors demanded “just punishment” fitting the scale of his crime, but Salame’s lawyers argue that he should serve no more than 18 months. Go to Source
US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme
Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme. Officials Share Data on Global Crypto Crime The heads of tax enforcement from the Joint Chiefs of Global Tax Enforcement (J5) countries met … Read more
Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020
A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine Lagarde that cryptocurrencies are mostly used for illicit financing. Crypto Crime Plummeted in … Read more
