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Since 2018, led by an individual surnamed Hong, the suspects had been laundering funds gained from fraud and gambling across the country, according to a Sunday post on the official WeChat account of the Hengyang county police department, which made the arrest. They were using crypto to convert the funds
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Terraform Labs founder Do Kwon is not in Singapore, local police say. Accused of fraud after the collapse of cryptocurrencies luna and terrausd, he is wanted in South Korea after a court issued an arrest warrant for him. However, Kwon insists that he is not “on the run.” Police Say Do
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week Breaking: Historic day for crypto as Ethereum
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LUNA fell 36% in the past 24 hours while LUNC dropped 25%, with much of the price movement coming after news of the warrant was made public on Wednesday morning. The warrant was issued four months after the collapse of the $40 billion Terra ecosystem and its algorithmic stablecoin (UST),
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The warrant has been issued against Kwon and five others, according to the report. Original Source
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The police arrested Ritesh Dilip Kumar Sikligar, alias Pancha, and Mohan Patil, an agent who lured customers from around the country into the scheme, said an EOW officer investigating the case. The Economic Offences Wing secured custody of Kumar, thought to be the mastermind, and Patil till Aug. 20th for
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Authorities with South Korea’s customs service have reportedly arrested 16 people involved in illegal foreign exchange transactions connected to crypto assets worth roughly $2 billion.According to a Tuesday report from South Korean news agency Newsis, the country’s customs authorities plan to prosecute two unnamed individuals linked to the illicit transactions,
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The local decentralized finance (DeFi) community gathered to draw attention to Pertsev’s case and ensure a fair trial. Schickler captured interviews from some of the attendees of the protest, many expressing concerns about the implications of Pertsev’s arrest to the right of privacy and the future of open source development. Listen to
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Following the federal judge’s decision to give the accused Bitfinex money launderer Heather Morgan permission to “engage in legitimate employment,” Morgan has broken her silence on social media. Morgan’s Twitter account dubbed “Heather ‘Razzlekhan’ Morgan” is verified on Twitter and her latest tweet insists that she does not endorse any
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The FIOD statement is “more FUD, more fear, uncertainty and doubt, coming from Dutch regulators and from Dutch institutions. It’s not good,” she said. Blanc is the founder of cryptocanal.org, a Web3 events and consultancy company. “Let’s stay competitive, let’s have clear laws … this creates uncertainty.” Original Source
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