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International Authorities Work Together to Take Down Crypto-Funded Child Porn Ring

The Spanish Civil Guard has taken down a dark web child porn ring that used cryptocurrency transactions to pay for content. Multiple individuals across the country were ultimately arrested.According to the Spanish Civil Guard, the “Jekyll” operation captured three people involved in the “Welcome 2 Video” platform, thanks in part

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NZ Authorities Seize $90M From Alleged Bitcoin Launderer Alexander Vinnik

New Zealand police have recovered $90 million connected to the case against suspected Bitcoin money launderer Alexander Vinnik.According to Jared Savage at the New Zealand Herald, the police Asset Recovery Unit have frozen roughly 140 million NZD ($90 million) controlled by a company in connection to the investigation of Vinnik. Police

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US Authorities Freeze COVID-19 Website Alleged Scammer Tried to Sell for Bitcoin

The U.S. Departments of Justice (DOJ) and Homeland Security (DHS) have seized coronaprevention.org, alleging its owner tried to sell the domain for bitcoin after posting about it in a "hacker's forum."Announced late Friday, the unidentified owner of the site tried to sell the domain to an undercover agent with the

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Will Bitcoin Lose Momentum as Authorities Start to Gain Control of COVID-19?

‘Not Out of the Woods Just Yet’ Caution Experts with COVID-19 Source: StockCharts BTCUSD Pricing February 20, 2020 The recent momentum driving BTC prices in 2020 seems to have slowed somewhat over the past several trading sessions. This is indicated by successive red candlesticks reflecting a downturn in Bitcoin demand. 2020 heralded

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Dutch Authorities Arrest Two Men for Alleged Crypto Money Laundering

The Dutch Fiscal Intelligence and Investigation Service (FIOD) has arrested two men for allegedly laundering money with cryptocurrencies.According to a statement released by the International Revenue Service on Feb. 18, the two men were arrested on Feb. 17 in connection to two separate criminal investigations into money laundering using

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Dutch Authorities Arrest 2 in Million-Euro Crypto Money Laundering Investigations

Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Services (FIOD) arrested two men Monday for allegedly laundering millions of euros in cryptocurrency, according to a joint statement by the Joint Chiefs of Global Tax Enforcement (J5).FIOD arrested the Dutch nationals in separate crypto tax evasion investigations, recovering about

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US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors

The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman and two unnamed business partners with defrauding some 150 investors by claiming to offer "extraordinary profits" from a cryptocurrency trading

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South Korean Authorities Formulate Legislation to Boost Mainstream Bitcoin Adoption

South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report. PCFIR Push to Make Cryptocurrency Mainstream Per

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Chinese Authorities Confiscate Nearly 7,000 Crypto Mining Machines

Chinese authorities have seized nearly 7,000 crypto mining machines, illegally consuming electric power, local news outlet CCTV reported on Dec. 22.The cryptocurrency mining confiscation came as part of an inspection of more than 70,000 households, 3,061 merchants, 1,470 communities, as well as factories, mines, courtyards and villages in the

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