FBI Warns of Fake Firms Promising to Recover Lost Cryptocurrencies

June 25, 2024 Bitcoin.com

bitcoin.com

The Federal Bureau of Investigation (FBI) has alerted the public to “an emerging criminal tactic” targeting investors who have already fallen victim to cryptocurrency scams and seek to recover their lost funds. These fraudsters often claim to be authorized by the FBI, Consumer Financial Protection Bureau (CFPB), or other government agencies to lend credibility to […]

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FBI Warns of Rising Government Impersonation Scams Demanding Crypto

June 9, 2024 Bitcoin.com

Bitcoin

The Federal Bureau of Investigation (FBI) Portland Division warned the public this week about a surge in scammers impersonating FBI agents and other government officials, demanding cash, gold, or cryptocurrency payments. The FBI stressed that federal agencies do not call or email individuals threatening arrest or requesting money. Scammers spoof caller ID information, making fraudulent […]

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Sky Mavis Reports Return of $5.7 Million in Digital Assets Stolen During Ronin Attack

June 8, 2024 Bitcoin.com

Sky Mavis Reports Return of .7 Million in Digital Assets Stolen During Ronin Attack

bitcoin.com

Sky Mavis announced that Norwegian authorities have recovered and returned $5.7 million in digital assets stolen during the Ronin bridge incident. The Web3 game developer stated that an additional $40 million in digital assets is currently frozen. However, the company cannot predict when it will be able to recover and return these funds. FBI Involved […]

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Sky Mavis recovers $5.7M from Ronin Bridge hack

June 7, 2024 Coin Telegraph

Sky Mavis recovers .7M from Ronin Bridge hack

Axie Infinity

Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs while the rest will return to the Axie treasury.

Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, has announced that, with the assistance of Norwegian authorities, it has recovered $5.7 million from the notorious Ronin Bridge incident of 2022.

On June 7, Sky Mavis announced that Norway’s central unit for fighting economic and environmental crimes, called “Økokrim,” froze and returned $5.7 million in funds from the Ronin Bridge hack.

Sky Mavis said the efforts required coordination between law enforcement, lawyers, accountants and blockchain forensic teams like Chainalysis.

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Missing ‘Cryptoqueen’ Behind $4,000,000,000 OneCoin Fraud May Never Be Found: Report

June 5, 2024 The Daily Hodl

Cryptoqueen

The infamous scammer behind the $4 billion OneCoin fraud allegedly worked with a prolific drug kingpin, according to a new report. Ruja Ignatova, a Bulgarian woman known as the “Cryptoqueen,” started OneCoin in 2014 and operated the company as a multi-level marketing (MLM) network. Ignatova falsely claimed the project maintained a private blockchain, and the […]

The post Missing ‘Cryptoqueen’ Behind $4,000,000,000 OneCoin Fraud May Never Be Found: Report appeared first on The Daily Hodl.

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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.

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Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bail

April 30, 2024 Bitcoin.com

Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on M Bail

Bitcoin Mixer

On Monday, April 29, Keonne Rodriguez, co-founder of the non-custodial bitcoin wallet Samourai, entered a plea of not guilty to accusations of operating a money transmitter and engaging in money laundering. Rodriguez secured his release by posting a $1 million bail and will be confined to his residence in Harmony, Pennsylvania, with his movements monitored […]

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FBI Warns Against Using Unregistered Cryptocurrency Money Transmitting Services

April 28, 2024 Bitcoin.com

bitcoin.com

The Federal Bureau of Investigation (FBI) has issued a warning about using unregistered cryptocurrency money transmitting services that fail to comply with U.S. anti-money laundering laws. The agency has provided tips for the public to protect themselves, advising them to avoid providers that do not require Know Your Customer (KYC) information. FBI’s Crypto Warning The […]

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The Non-Custodial Conflict: US Government Actions Stir Crypto Community Concerns

April 26, 2024 Bitcoin.com

Bitcoin

Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage of crypto assets. Recent events have fueled a widespread belief that a targeted campaign against non-custodial wallets is now underway. Debate Over Crypto Wallet Regulation […]

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FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers

April 26, 2024 Coin Telegraph

Coin Telegraph

A recent FBI announcement urging Americans not to use unlicensed money-transmitting services misses “a great deal of nuance” about how crypto services operate, says Piper Alderman Partner Michael Bacina.

The Federal Bureau of Investigation’s recent warning to Americans from using unregistered cryptocurrency money-transmitting services might be aimed at smart-contract-driven privacy tools, according to a crypto lawyer.

In an April 25 public service announcement, the FBI urged Americans only to use registered Cryptocurrency Money Services Businesses that comply with existing Know Your Customer (KYC) and Anti-Money Laundering (AML) laws.

In its announcement, the FBI wrote that it had recently conducted law enforcement operations against cryptocurrency services that were not licensed in “accordance with federal law,” adding that anyone using unlicensed services could “encounter financial disruptions” during law enforcement actions, particularly if the money is intermingled with illegally obtained funds.

FBI

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