The U.S. Secret Service is targeting the masterminds behind the Russian crypto exchange Garantex for their role in an alleged money laundering operation. In a press release, the Secret Service says it is going after Garantex for allegedly facilitating the transaction of hundreds of millions of dollars in criminal proceeds, some of which was used […]
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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 […]
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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 […]
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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, […]
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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 […]
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