Thursday, March 28, 2024
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Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI, Dutch and Finnish Police Seize Website

Treasury's Office of Foreign Assets Control, or OFAC, designated two Bitcoin addresses and two email addresses tied to Sinbad, banning all U.S. persons and anyone who transacts with the global financial system from interacting with the addresses in future. Source

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U.S. authorities to seize $54m in Ethereum connected to narcotics trafficking

The U.S. government has filed a civil forfeiture action to recover $54 million worth of Ethereum (ETH) previously seized from Christopher Castelluzzo. In a press release on Nov. 2, 2023, the office of the U.S. attorney for the District of New Jersey announced the filing of a civil forfeiture action to recover $54

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Australian police seize $50m in crypto money laundering scheme

The Australian Federal Police (AFP) has accused Changjiang Currency Exchange of a money laundering scheme. In a press release, the AFP said the operation, codenamed Ironside, resulted from a three-year investigation into the activities of the currency exchange business. Changjiang Currency Exchange operated from multiple locations across Sydney and Melbourne. The company

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UK passes bill to enable authorities to seize Bitcoin used for crime

Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.According to official data on the U.K.’s parliamentary acts website, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, meaning the

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Binance helps Royal Thai Police to seize $277M from scammers

Binance collaborated with law enforcement to stop a crypto scam in Thailand. The Royal Thai Police’s Cyber Crime Investigation Bureau (CCIB), along with U.S. Homeland Security Investigation (HSI), dismantled a nearly $277 million scam operation. The operation involved luxury assets, and nearly 3,000 victims have filed claims for compensation. Police Lieutenant

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Binance collaborates with Royal Thai Police to seize $277M from scammers

In an announcement sent to Cointelegraph, Binance said it worked alongside law enforcement agencies, providing intelligence to disrupt the criminal group. The operation, which had the code “Trust No One,” led to the arrest of five alleged key syndicate members and the seizure of various assets worth $277 million. Over

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Venezuela authorities seize Bitcoin mining machines

Venezuelan security forces recently raided a criminal gang-controlled Tocorón prison and confiscated Bitcoin (BTC) mining machines, along with various weapons such as grenades, rocket launchers, and guns.  The Venezuelan government sent out over 11,000 soldiers and police to take back the Tocorón prison which served as the headquarters of the notorious

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South Korean city to seize crypto from thousands of tax evaders: Report

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents.The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, the local news agency Yonhap reported on

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