Crime

A foreigner who organized an illegal cryptocurrency exchange in Belarus will be fined, and the court will require that all funds received go to the state treasury.

On August 22, 2022, an unknown hacker tried to break the NEAR/ETH Rainbow Bridge. However, the hack was blocked, protecting users' money. It also cost the criminal around 5 ETH (~$8,000).

On January 21, the Bank of Russia received a call from an anonymous person who reported that their premises were rigged with explosives. Among other reasons, the criminal cited the possible ban on cryptocurrencies.

On December 7, a man named Brannen Sage Mehaffey pleaded guilty to operating an illegal cryptocurrency money transfer exchange.

The former US Treasury Criminal Investigator, Greg Monahan has joined the world's largest cryptocurrency exchange Binance to oversee the company's global money laundering operations.

While in this age of digitization no one gets surprised by hacks and virtual theft, physical robbery is still something that has not become a thing of the past. Moreover, ordinary burglars try to keep pace with progress as well. Thus, some of them are getting so sophisticated that they are interested in stealing cryptocurrencies through private keys and cold storage.

The head of the UK’s Crown Prosecution Service (CPS) recently made remarks saying they expect a rise in cryptocurrency sam cases in the UK. In an interview with Financial Times, Max Hill QC, a CPS director of public prosecution said the authority predicts an uptick in the number of scams.

A tax official from the US state of Florida has been indicted on corruption embezzlement charges involving cryptocurrencies.

For long, there has been a misconception and false narrative surrounding the community of Bitcoin’s or any other cryptocurrency’s role in illicit operations.