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ZachXBT claims there is an uptick in thieves targetting crypto traders offline 

Online platform GitHub has a list of at least 15 recorded incidents of in person crypto theft in the last year, around 17 in 2023, and 32 in 2021. 

Blockchain investigator ZachXBT says he’s noticed an uptick in messages from people alleging they are the victims of in person crypto robbery. 

In an Oct. 10 post, the onchain sleuth said he had received messages from multiple victims of crypto home invasion thefts “in Western Europe over the past few months at a much higher rate than other regions.” 

He made the same claim in a Sept. 27 message shared via his Telegram channel, saying he knew of several individuals in the crypto community who had been held at gunpoint and had their crypto stolen in recent months.

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Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Tether Helps Dutch and US Authorities Seize $7.8M in Crypto

Tether Helps Dutch and US Authorities Seize .8M in CryptoTether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

DOJ Seizes Illicit Crypto Exchanges in Charging of Two Russians With $1,000,000,000 Money Laundering Operation

DOJ Seizes Illicit Crypto Exchanges in Charging of Two Russians With ,000,000,000 Money Laundering Operation

The U.S. Department of Justice (DOJ) has teamed up with other federal and international law enforcement agencies to charge two Russian nationals with multiple cybercrimes, including running illegal crypto exchanges. In a new press release, the DOJ says it is charging Russian nationals Sergey Ivanov and Timur Shakhmametov with crimes ranging from facilitating stolen credit […]

The post DOJ Seizes Illicit Crypto Exchanges in Charging of Two Russians With $1,000,000,000 Money Laundering Operation appeared first on The Daily Hodl.

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Tron, Tether, and TRM Labs Join Forces to Tackle Crypto Crime

Tron, Tether, and TRM Labs Join Forces to Tackle Crypto CrimeTron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin. Crypto Giants Tron, […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Florida Man Convicted for Violent Kidnapping, Assault and Crypto-Stealing Scheme

Florida Man Convicted for Violent Kidnapping, Assault and Crypto-Stealing Scheme

A 24-year-old man from Florida has been convicted of running a crypto-stealing scheme that also included kidnapping and assault. In a new press release, the U.S. Department of Justice (DOJ) says that Remy St. Felix, from West Palm Beach, was the mastermind of a burglary crew that targeted crypto owners from September 2022 to July […]

The post Florida Man Convicted for Violent Kidnapping, Assault and Crypto-Stealing Scheme appeared first on The Daily Hodl.

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Federal Agents Crack Down on Drug Ring Using Crypto Mixers

Federal Agents Crack Down on Drug Ring Using Crypto MixersHolly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating all forms of illegal dark web and cryptocurrency activities in the Eastern […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports

Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis ReportsBlockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft and drug trafficking. Despite the availability of various tools, many respondents are dissatisfied with current resources, highlighting […]

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

Tether freezes $5.2 million in USDT linked to phishing scams

Since its inception, Tether has frozen over $1 billion worth of assets linked to illicit activities on demand from law enforcement agencies.

Stablecoin issuer Tether froze USDT (USDT) worth $5.2 million linked to phishing scams on May 14. This USDT was stored in 12 Ethereum wallets tagged as “USDT Banned Address.” 

On-chain analytic firm Slomist’s chief security officer said that the addresses were being used for laundering funds from phishing scams without elaborating further.

Tether, the world’s largest stablecoin issuer, has frozen billions of dollars of assets linked to hacks, exploits and scams. In an X post, CEO Paolo Ardoino said the firm has blocked more than $1.3 billion since its inception, and approximately $1.6 million is related to terrorist finance.

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Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

US Hacker Handed Three-Year Prison Sentence for Looting $12,000,000+ in Crypto From Two Decentralized Exchanges

US Hacker Handed Three-Year Prison Sentence for Looting ,000,000+ in Crypto From Two Decentralized Exchanges

A US hacker convicted of plundering more than $12 million worth of crypto assets from two decentralized exchanges (DEXs) was sentenced to three years in prison. In July 2022, Shakeeb Ahmed, a security engineer, used fake pricing data to generate approximately $9 million worth of inflated fees on an unnamed DEX, according to the U.S. […]

The post US Hacker Handed Three-Year Prison Sentence for Looting $12,000,000+ in Crypto From Two Decentralized Exchanges appeared first on The Daily Hodl.

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion

UK Law Enforcement Works With Kraken To Recover Nearly $2,320,000 Worth of Stolen Crypto for Fraud Victims

UK Law Enforcement Works With Kraken To Recover Nearly ,320,000 Worth of Stolen Crypto for Fraud Victims

Police officers in the UK targeting cross-border crimes say that they have worked with US-based digital asset exchange Kraken to return the stolen assets of crypto theft victims. According to the South East Regional Organised Crime Unit (SEROCU), Wybo Wiersma, from the Netherlands, created the fraudulent website iotaseed.io to generate what his victims believed were […]

The post UK Law Enforcement Works With Kraken To Recover Nearly $2,320,000 Worth of Stolen Crypto for Fraud Victims appeared first on The Daily Hodl.

Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion