A massive investigation led by the UK’s National Crime Agency (NCA) has dismantled a Russian crypto-laundering network tied to organized crime and sanctioned elites. The operation involved authorities from the US and Europe, leading to 84 arrests and the seizure […]
UK Drug Ring Linked to Russian Crypto Laundering Network; 84 Arrested Read More »
Binance, the world’s largest crypto trading platform, and its founder Changpeng Zhao (CZ) are facing a new class action lawsuit. Filed in Seattle Federal Court, the lawsuit accuses them of enabling money laundering activities. CZ is currently serving a four-month
Binance and Changpeng Zhao Hit with New Money Laundering Lawsuit Read More »
In a recent twist in the NFT world, three British nationals face charges in the United States. They are linked to the “Evolved Apes” NFT scam. This incident involves a nearly 10,000-strong NFT collection still listed on OpenSea. Despite being
Evolved Apes NFT Scam: Three British Nationals Charged Read More »
The US Treasury Department has issued its first financial risk assessment report on the booming Non-Fungible Token (NFT) market. This report arrives amid a period of rapid growth in the NFT space. Valuations are hitting record highs, and mainstream adoption
US Treasury Sounds Alarm: Unveiling Potential Risks in the Booming NFT Market Read More »
A recent US government report revealed that non-fungible tokens (NFTs) are “highly susceptible to fraud and scams.” The report, released on Wednesday, calls for increased regulations on these digital assets. The US Treasury Department authored the report, highlighting that while
US Government Says NFTs ‘Highly Susceptible’ to Fraud and Scam Uses Read More »
The NFT craze has made digital art and collectibles a hot commodity. But does the law protect your non-fungible token purchases? The laws around NFTs are still evolving and struggling to keep pace with the rapid growth of this new
Footprint: Does the Law Protect Your NFT Purchases? Read More »
Anton, aged 24, and James Peraire-Bueno, aged 28, are both MIT-educated individuals. They now find themselves at the center of a legal storm, facing serious charges. The US Department of Justice (DOJ) alleges that the brothers orchestrated an elaborate scheme.
MIT Students Allegedly Stole $25M in Cryptocurrencies Read More »
Ontario’s self-proclaimed Crypto King, Aiden Pleterski, and his associate found themselves accused of fraud. This development shocked the crypto community, especially investors who entrusted them with significant sums of money; only to find themselves involved in a financial debacle. Source:
Ontario Authorities Arrest ‘Crypto King’ Over Suspected Ponzi Scheme Read More »
Alexey Pertsev, creator of the cryptocurrency mixing protocol Tornado Cash, has been found guilty of money laundering. This verdict could have significant implications for developers who work on open-source code projects. Dutch judges at ‘s-Hertogenbosch court convicted Pertsev on May
Developer of Tornado Cash Convicted of Money Laundering Read More »
