Law Enforcement

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Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports

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Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft and drug trafficking. Despite the availability of various tools, many respondents are dissatisfied with current resources, highlighting … Read more

Holograph Begins Process to Remove 1 Billion Illegally Minted Tokens, Burns 53 Million HLG

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The recently hacked tokenization platform, Holograph, has unveiled a token-burning process to eliminate one billion illegally minted HLG tokens. The Holograph team stated that this process, which has resulted in the burning of more than 53 million tokens so far, is expected to reduce the total number of tokens in circulation to 10 billion. Holograph … Read more

Nigerian Court Dismisses Fugitive Binance Exec’s Rights Lawsuit

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A Nigerian court dismissed a human rights violation lawsuit filed by the fugitive Binance executive, Nadeem Anjarwalla, against law enforcement agencies. In his ruling, Judge Inyang Ekwo reportedly cited Anjarwalla’s lack of legal representation as one of the reasons for dismissing the lawsuit. Binance Exec’s Lack of Representation Leads to Lawsuit Dismissal A Nigerian Court … Read more

Kraken Calls Security Research Firm’s Demands ‘Criminal’; Certik Slams Threats Against Its Employees

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Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money. Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. White Hat Hackers Refuse to Abide by Rules The … Read more

South African Prosecutors Set to Pursue Collapsed Pyramid Scheme Co-Conspirators

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South African prosecutors are reportedly investigating co-conspirators of Mirror Trading International and may charge them with fraud or forgery. The declaration of the scheme as unlawful may have strengthened the National Prosecuting Authority’s case against the masterminds of Mirror Trading International. MTI Directors May Face Charges Under the Prevention of Organized Crime Act South Africa’s … Read more

Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction

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A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family. Crypto Investor Fails to Repay More Than $1.9 Million Hong Kong law … Read more