Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime

June 4, 2024 Bitcoin.com

bitcoin.com

The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost $550 million was involved in digital asset crimes during 2023, with 90% of these cases involving […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Dark web market owner arrested in New York after FBI traces crypto

May 21, 2024 Coin Telegraph

Coin Telegraph

The FBI claimed it found Incognito Market’s alleged owner, Rui-Siang Lin, by tracking crypto from the dark web drug market to a crypto exchange account allegedly in his name.

A 23-year-old man has been arrested in New York and charged with owning, running and profiting from a $100 million dark web narcotics marketplace after authorities claimed to have tracked crypto transfers that uncovered his real identity.

Rui-Siang Lin, known online as “Pharoah,” was arrested at New York’s John F. Kennedy Airport on May 18 and appeared in federal court on Monday, May 20, the Manhattan United States Attorney’s Office wrote in a statement.

“For nearly four years, Rui-Siang Lin allegedly operated ‘Incognito Market,’ one of the largest online platforms for narcotics sales, conducting $100 million in illicit narcotics transactions and reaping millions of dollars in personal profits,” added FBI Assistant Director in Charge James Smith.

China Unearths Massive Gold Veins That Could Reshape Global Markets

DOJ Charges Two Chinese Nationals for Allegedly Laundering Proceeds of $73,000,000 ‘Pig Butchering’ Crypto Scam

May 19, 2024 The Daily Hodl

DOJ Charges Two Chinese Nationals for Allegedly Laundering Proceeds of ,000,000 ‘Pig Butchering’ Crypto Scam

crime

The U.S. Department of Justice (DOJ) is charging two Chinese nationals for allegedly running a pig butchering crypto scam and laundering tens of millions of dollars. In a new press release, the DOJ says that Chinese citizens Daren Li and Yicheng Zhang were the masterminds of the pig butchering scam, which involved sending unsolicited messages […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Crypto Exchange Executives and 29 Other People Accused of Running $24,560,000 Fraud Scheme in Taiwan: Report

April 28, 2024 The Daily Hodl

Crypto Exchange Executives and 29 Other People Accused of Running ,560,000 Fraud Scheme in Taiwan: Report

ace

Authorities in Taiwan are reportedly accusing crypto exchange executives and dozens of others of running a multimillion-dollar crypto scam. According to a new report by the Taipei Times, prosecutors are charging 32 people with fraud allegedly related to the ACE crypto exchange, recommending 20-year sentences for the four operators of the trading platform. Those arrested […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Two US Senators Pen Open Letter to DOJ and DHS Concerning Crypto Use by Child Abusers

April 26, 2024 The Daily Hodl

Bill Cassidy

Two US Senators are writing a bipartisan letter to federal agencies about the potential use of crypto assets by child abusers. According to a new press release, Senator Elizabeth Warren, a Democrat from Massachusetts, and Senator Bill Cassidy, a Republican from Louisiana, say in the letter that digital assets are the “payment of choice” for […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report

April 24, 2024 The Daily Hodl

SEC Looking for ,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report

crime

The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with a multibillion-dollar fine. According to a new report by Bloomberg, the regulatory agency is seeking a $5.3 billion fine against Do Kwon for his role in the downfall of the Terra ecosystem in 2022, alleging […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

April 14, 2024 The Daily Hodl

chainalysis

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax violations. In a new interview with CNBC, Guy Ficco, the IRS’s Chief of Criminal Investigation, says that crypto tax crimes – such as not reporting earned income from trading digital assets – are on the […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Search Engine Giant Google Suing Alleged Crypto Scammers Over Fake Android Apps: Report

April 4, 2024 The Daily Hodl

crime

Tech giant Google is reportedly launching a lawsuit against crypto scammers who allegedly employed fake Android apps to reel in their victims. According to a new report from Reuters, Google is suing Chinese nationals Yunfeng Sun and Hongnam Cheung in New York, accusing them of stealing tens and thousands of dollars worth of digital assets […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Hong Kong Woman Scammed out of Nearly $1 Million After Sending Money To Fake Crypto Trading Platform: Report

March 25, 2024 The Daily Hodl

Hong Kong Woman Scammed out of Nearly Million After Sending Money To Fake Crypto Trading Platform: Report

Asia

A Hong Kong woman has reportedly been scammed to the tune of nearly $1 million after being enticed to send money to a fake crypto trading platform. According to a new report from the South China Morning Post (SCMP), a 46-year-old woman from Hong Kong was tricked into sending just over $900,000 to 15 different […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

UK Metropolitan Police Holding $3,883,974,968 in Bitcoin (BTC) From 2018 Seizure: Arkham Intelligence

March 6, 2024 The Daily Hodl

Bitcoin

London’s Metropolitan Police hold more than $3.88 billion worth of Bitcoin (BTC) from a massive 2018 seizure, according to crypto analytics firm Arkham Intelligence. Arkham notes the United Kingdom law enforcement agency seized 61,000 Bitcoin from Jian Wen and Zhimin Qian back in 2018 and subsequently gained access to the crypto assets years later. “The […]

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