Washington State Regulator Warns Investors of Pig Butchering Crypto Scheme

June 22, 2024 Bitcoin.com

bitcoin.com

The Washington State Department of Financial Institutions (DFI) issued a warning on Thursday after it received a complaint from a Washington investor about Fameex, now offline. The investor, a real estate agent, met scammer “Jackson Qie” via an unsolicited text. Qie convinced him to invest over $113,000 in ether (ETH) and tether (USDT) on Fameex. […]

Hong Kong invites global opinions on web3 and virtual assets future

US State Regulator Shares Key Crypto Investment Tips for Seniors

June 22, 2024 Bitcoin.com

bitcoin.com

The Tennessee Department of Commerce & Insurance (TDCI) Division of Securities is raising awareness about the potential risks of investing in unregulated products like cryptocurrency, particularly among seniors. TDCI Commissioner Carter Lawrence emphasized the importance of protecting the financial independence of Tennessee’s elder population and encouraged seniors, their loved ones, or caregivers to contact the […]

Hong Kong invites global opinions on web3 and virtual assets future

Vietnamese Hackers Indicted in US for $71M Cybercrime Involving Cryptocurrency

June 22, 2024 Bitcoin.com

bitcoin.com

Four Vietnamese nationals were charged in a U.S. court for a series of cyber intrusions causing over $71 million in losses. The defendants, part of the cybercrime group “FIN9,” allegedly hacked U.S. companies from May 2018 to October 2021, stealing non-public information, employee benefits, and funds. They used stolen personal and credit card information to […]

Hong Kong invites global opinions on web3 and virtual assets future

Montenegro Prime Minister Listed Among Top Terraform Labs Investors in SEC Filing

June 22, 2024 Bitcoin.com

bitcoin.com

Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018. This revelation raises concerns […]

Hong Kong invites global opinions on web3 and virtual assets future

Federal Agents Crack Down on Drug Ring Using Crypto Mixers

June 21, 2024 Bitcoin.com

bitcoin.com

Holly 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 […]

Hong Kong invites global opinions on web3 and virtual assets future

Iran Launches Digital Rial Pilot on Kish Island

June 21, 2024 Bitcoin.com

bitcoin.com

The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to banking customers and tourists in Kish starting on the first day of the […]

Hong Kong invites global opinions on web3 and virtual assets future

UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust

June 21, 2024 Bitcoin.com

bitcoin.com

The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets were traded through this business, the FCA said on […]

Hong Kong invites global opinions on web3 and virtual assets future

Indian Authority Uncovers Large-Scale Crypto and Hawala Operation, Arrests Key Player

June 21, 2024 Bitcoin.com

bitcoin.com

India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold cryptocurrencies worth over Rs. 1858 crore ($223 million) on crypto exchanges and made foreign remittances exceeding Rs. 3500 crore. […]

Hong Kong invites global opinions on web3 and virtual assets future

Australian Regulator Appeals Court Decision Exempting Block Earner From Penalty

June 20, 2024 Bitcoin.com

ASIC

Australian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed financial services through its crypto-related Earner product. On June 4, the court found Block Earner’s contraventions serious but exempted […]

Hong Kong invites global opinions on web3 and virtual assets future

Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments

June 20, 2024 Bitcoin.com

bitcoin.com

The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of 35% in 15 days and rewards like smartphones and vehicles. Skyline […]

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