Cryptocurrency Analysis and News Portal
A joint task force from Italy and Albania recently busted a suspected crypto investment scam involving millions of dollars. Law enforcement authorities in Albania and Italy have uncovered a 15 million euro ($16 million) suspected crypto scam. According to reports, the Eurojust joint investigation team seized assets worth 3 million euros during
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After a series of high profile exploits and indications that blockchain is being used to launder money, the industry and law enforcement have to develop better practices and tools to follow the money. Original Source
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Amid the crypto winter of 2022 and major bankruptcies this year 2022, law enforcement agency requests have doubled at Coinbase.On Monday, December 12, crypto exchange Coinbase reported that the total number of law enforcement requests has skyrocketed by a staggering 66% through the year ending September 30. The exchange released
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The highest volume of law enforcement and agency requests from a single country came from the U.S., with 5,304, while the second-most number of requests came from the U.K. with 1,744, the report said. The number of U.S. requests increased 6% from the previous annual period. and Coinbase noted around
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After more attention has been cast on the former Alameda Research CEO Caroline Ellison, a report details that Ellison has hired Wilmerhale partner Stephanie Avakian, an attorney that worked for the U.S. Securities and Exchange Commission (SEC). The news follows leaked documentation of Ellison’s alleged margin position, and the ex-Alameda
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Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has become the latest platform to release a tool allowing creators to enforce royalties on their collections.It follows the announcement of a similar tool from rival NFT marketplace OpenSea in early November.According to a Dec. 1 statement, the open-source royalty enforcement tool
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The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year. SEC Chairman Gary Gensler commented: “I continue to be impressed with our Division of Enforcement.” SEC Focused on
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According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos Complies With U.S. Law Enforcement Request to Freeze
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Turkey's Financial Crimes Investigation Agency said it is looking into people, institutions, banks and crypto service providers with ties to FTX.com after its swift collapse last week. Original Source
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Following the reports that said FTX wallets were being drained and the FTX Telegram channel’s admins that detailed its possible malware might be present in FTX-related apps and websites, the company’s new CEO John Ray confirmed there were “unauthorized transactions.” The news was shared by FTX US’s general counsel Ryne
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