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Govt. Pauses SEC Suit Against $30 Mln ICO Amid Parallel Investigation Concerns

Prosecutors have paused a United States Securities and Exchange Commission (SEC) lawsuit against the alleged operators of a $30 million fraudulent ICO amid concerns that proceedings may impact the integrity of a parallel investigation into the defendants.The United States attorney’s office for New Jersey intervened in the case on

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Bitcoin Companies Under Investigation by Indian Government

Lawmakers in India are investigating the operations of Bitcoin and crypto companies in the country over suspected fraudulent activities. India’s Lower Parliament Looking into Bitcoin Companies According to a document released by Lok Sabha — the lower house of India’s bicameral parliament, some lawmakers in the country want the Executive to look

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Bithumb Taps Chainalysis for FATF-Grade Crypto Investigation Tool

Cryptocurrency exchange Bithumb is clamping down on suspicious transactions less than a week after South Korea, its home country, moved to enact tough new laws for the virtual asset space.Bithumb announced Tuesday it had deployed Chainalysis’ “Reactor” investigations tool to get ahead of illicit activity. Reactor, used in many cryptocurrency

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Chinese Crypto Fitness App Reportedly Under Investigation for Fraud

A Chinese cryptocurrency fitness app has reportedly been placed under investigation for allegedly illegal fundraising practices and financial fraud.Nikkei Asian Review reported the news on Dec. 18, citing documents ostensibly accessed by its affiliate publication, KrASIA. Investors in limboAccording to the report, the market regulator in Changsha, the capital of

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New York AG Finds It ‘Perverse’ For Bitfinex and Tether to Criticize Investigation

In a filing with the New York State Supreme Court’s Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office’s investigation into the companies. Bitfinex and Tether are under investigation for an accounting coverup in which Bitfinex is alleged

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US Think Tank Releases Report on Investigation Into Illicit Transactions on the Dark Web

United States think tank The Rand Corporation has taken a closer look at the dark web, where criminal activities are difficult to discover, monitor, and investigate for law enforcement.On Nov. 20, The Rand Corporation, the Police Executive Research Forum, and the University of Denver on behalf of the National

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Investigation Suggests Russian Involvement in Crypto Exchange Theft of $450M in Bitcoin

A BBC investigation has revealed a potential link between Russia’s Federal Security Bureau (FSB) and the recent shutdown of the cryptocurrency exchange WEX.Alexei Bilyuchenko, who confessed to be the tech administrator of the infamous BTC-e crypto exchange and later co-founder of WEX, claimed that he had been engaged by the

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Australian Authorities Seize Cryptocurrency ATM and Arrest Man in Crypto Investigation

Australian investigative authorities have arrested a man on charges of unregistered digital transaction of cryptocurrency. The Electronic crime squad of Australia made the arrest on 12th November in Cairnlea, as the 38-year-old man was arrested and escorted from his residence in the district. The investigation also led to a seizure

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