Thursday, March 28, 2024
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US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether

The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing funds connected to a criminal organization responsible for romance scams.In a Nov. 21 announcement, the Justice Department said the seized funds came from “scammers who stole millions from

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Singapore seizes $2b in assets, crypto in major crackdown

Singapore authorities intensified its anti-money laundering measures by freezing over $2 billion in assets, including cryptocurrencies, amid an ongoing investigation. Singapore has intensified its crackdown on money laundering, freezing assets exceeding $2 billion, as revealed by Second Minister for Home Affairs Josephine Teo. Notably, the extensive list of frozen assets includes

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PEPE whale seizes dip opportunity, buys $529K worth of tokens

After the value of the frog-themed memecoin Pepecoin dropped by approximately 15% due to recent modifications to a multisig wallet and concerns about potential developer manipulation, a significant Pepecoin holder spent 320 Ether valued at $529,000 to acquire 640 billion Pepecoin tokens.According to a post on X (formerly known as Twitter) shared by

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New York bans CoinEx exchange, seizes $1.7M in crypto assets

Hong Kong-based crypto exchange CoinEx has been banned from operating in New York by Attorney General Letitia James. According to an announcement on June 15, over $1.7 million worth of the exchange's funds were seized for allegedly failing to register as a securities and commodities brokerage.The agreement resolves a previous

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US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown – Regulation Bitcoin News

The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto

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US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner – Regulation Bitcoin News

U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of

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Europol seizes $46M from crypto mixer after $2.88B allegedly laundered

According to The European Union Agency for Law Enforcement Cooperation, commonly known as Europol, on March 15, the agency seized assets of cryptocurrency mixer ChipMixer for its alleged involvement in money laundering activities. Total assets seized include 1,909.4 Bitcoin (BTC) in 55 transactions amounting to 44.2 million euros ($46 million). Decentralized

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