Police in Seoul, South Korea, have arrested 178 people on suspicion of buying and selling drugs online using cryptoassets as a means of payment. According to JTBC, Seoul Metropolitan Police officers said they had arrested 12 suspected drug dealers and 166 of their alleged customers, stating that the individuals had all made use of darkweb…
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Brazilian law enforcement agencies have swooped on the home of a local government chief they suspect of heading a crime ring that laundered money using cryptoassets – along with a controversial figure named “the Bitcoin Pharaoh.” The raid took place at the home of the Armação de Búzios councilman Lorram Gomes da Silveira, Globo reported,…
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Kate Gee is Counsel at Signature Litigation LLP, specialising in crypto disputes, civil fraud, and asset tracing.__________… Read More: Landmark Crypto Judgment: Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability Read more »Sign up for e-EUR – the progressive stablecoin
Some forms of cryptocurrency-based crime, including hacking and theft of funds, have so far increased in occurrence this year, but others, related to scams and darknet markets, have declined more than the market overall, according to a recent report by blockchain analysis company Chainalysis…. Read More: Crypto Hacking, Theft Rise This Year While Scams, Darknet…
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A South Korean company executive at a major business group operated Ethereum (ETH) mining rigs “non-stop for three years” – using illegally sourced electricity. MBN reported that the unnamed executive was a faculty management chief for “one of the five biggest business groups” in the nation. South Korea’s biggest business groups, per Fair Trade Commission…
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The move from the United States Treasury’s Office of Foreign Assets Control (OFAC) to effectively ban the Ethereum (ETH)-powered crypto mixing service Tornado Cash has polarized the crypto community. Some think it is a sign that more sweeping regulatory measures could be on their way – while others have suggested that the OFAC’s decision to add Tornado…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
An ongoing Solana (SOL) hack has affected more than 8,000 wallets and drained a (currently) estimated USD 4.5m-USD 8m worth of funds. (Updated at 07:50 UTC: updates throughout the entire text.) According to data compiled by crypto tracking platform MistTrack, four addresses linked to hackers have so far stolen USD 580m worth of crypto assets…
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A military police officer in the Brazilian state of Goiás is being tried for allegedly scamming fellow officers with a cryptoasset-themed scheme. The media outlet Globo reported that the officer, named as Francisco de Assis Jesus dos Santos Soares de Oliveira, stands accused of defrauding some 23 military police officers to the tune of over…
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