French authorities have reportedly rescued the co-founder of hardware wallet firm Ledger and his wife after they were kidnapped and held for ransom. According to a new article by The New York Times, Dave Balland and his wife were abducted from their home in France earlier this week by bad actors who then contacted another […]
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2024 saw nearly $41 billion worth of illicit crypto volume, but that could climb to around $51 billion as more criminal-tied addresses are found, Chainalysis says.
Illicit crypto volumes may have reached as much as $51 billion in 2024, according to estimates from Chainalysis, but the share of illicit crypto use compared to the entire market has fallen to the lowest level in three years.
Last year saw nearly $41 billion worth of illicit crypto volume, but that could rise another $10 billion given historical trends and as more illicit addresses are identified, the blockchain analytics firm said in a Jan. 15 blog post.
“2024 was likely a record year for inflows to illicit actors as these figures are lower-bound estimates based on inflows to the illicit addresses we’ve identified up to today,” Chainalysis wrote.
A grand jury has indicted three Russian citizens on charges connected to operating crypto-tumbling services. According to a new press release by the U.S. Department of Justice (DOJ), a federal grand jury has indicted Russian nationals Roman Ostapenko, Alexander Oleynik and Anton Tarasov for their alleged involvement in operating crypto mixers Blender.io and Sinbad.io. Crypto […]
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A 24-year-old man from the Netherlands has reportedly been arrested after allegedly scamming 300 people out of millions of dollars. According to a new report by local news outlet Oost, an unnamed law student and professional soccer player from the Dutch city of Hegelo has been arrested and accused of defrauding investors and mishandling their […]
The post 24-Year-Old Arrested for Alleged $4,600,000 Crypto Scam That Defrauded 300 People: Report appeared first on The Daily Hodl.
The disgraced co-founder of the Terra (LUNA) ecosystem is set to appear in a US court today after recently being extradited from Montenegro. According to a new report by Reuters, Do Kwon is facing fraud charges in the US related to the multibillion-dollar downfall of Terra in 2022 and will make his first court appearance […]
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Montenegrin authorities extradited crypto entrepreneur Do Kwon to the United States on Sunday to face fraud charges related to the $40 billion collapse of the Terra ecosystem in 2022. According to a Reuters report, Kwon, who co-founded Terraform Labs, was arrested in Montenegro last March while attempting to board a flight using a fake Costa […]
The post Terraform Labs Founder Do Kwon Handed Over to US Authorities Days After Montenegro Approved Extradition: Report appeared first on The Daily Hodl.
Incarcerated former FTX executive Ryan Salame appears to have already slashed a year off his prison sentence. Data from the U.S. Federal Bureau of Prisons indicates Salame’s release date is now March 1st, 2031. The former co-chief executive of FTX Digital Markets reported to prison in October after being sentenced to 7.5 years behind bars, […]
The post Release Date for Incarcerated Former FTX Exec Ryan Salame Moved Up by a Year appeared first on The Daily Hodl.
Disgraced Terra (LUNA) founder Do Kwon is reportedly going to be extradited to the US after losing an appeal in a Montenegrin high court. According to a new report by France 24, Kwon – the person suspected of being behind the multibillion-dollar downfall of the Terra ecosystem in 2022 – had his appeal thrown out […]
The post Do Kwon Set To Be Extradited to the US After Losing Appeal in Montenegrin Constitutional Court: Report appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) is charging two California men for allegedly masterminding a multimillion-dollar non-fungible token (NFT) investment scam. In a new press release, the DOJ says it’s charging 23-year-olds Gabriel Hay of Beverly Hills and Gavin Mayo of Thousand Oaks with conspiracy and wire fraud charges after they were accused of pulling […]
The post Two California Men Charged by Feds in Alleged $22,000,000 NFT Investment Scheme appeared first on The Daily Hodl.
Pump.fun has halted its broadcast feature after significant backlash, while a legal expert warns the extreme content can open up criminal investigations and civil lawsuits.
Launchpad Pump.fun’s livestream feature has seemingly turned into a platform for developers to broadcast extreme shock content to promote their tokens — and it may result in civil or criminal lawsuits according to legal experts.
From suicide threats and animal abuse to pornography, developers pushing boundaries have faced little to no consequences beyond having their content removed.
Meanwhile, industry participants urged Pump.fun to pull the plug on its livestreams, which it did earlier today until such time as it can properly moderate content.
