Investigation

According to January 14 reports from a source close to the matter, a team from the intelligence and security service of the U.S. known as the Federal Bureau of Investigation (FBI), has decided to work with interested Bitcoin traders who lost their funds to the obsolete Canadian cryptocurrency exchange QuadrigaCX so as it can gather more facts and evidence regarding the main cause of exchange’s downfall.

An unidentified message was sent to the Russian Railways intimidating with thrilling violence of bombing stations if a named amount of cryptocurrency in bitcoin worth $642,815 (50 BTC or approx. 30 million rubles) aren’t transferred to them as soon as possible. The event has tempted the country’s police to start the investigation into the matter.

The Federal Bureau of Investigation (FBI), the United States (US) principal federal law enforcement agency, has started investigations into the alleged hack attempt on a blockchain-powered voting app in the 2018 midterm polls in West Virginia. The event has put the future of Voatz at stake notwithstanding securing funds of around $7 mln to upgrade its distributed ledger technology (DLT) voting app.

The national authorities have developed a new vision regarding initial coin offerings (ICOs). The investigation process into Korean crowdfunding platforms took nearly 3 months to form a thorough understanding of the fintech market in the country. As a result, it turned out that many companies have bypassed the ICO ban by moving business overseas.

Firms from Russia and several parts of the former Soviet Union have allegedly turned the tiny nation of Estonia into a money laundering haven. An ongoing investigation into the Estonian branch of Danske Bank is combing through a large $150 Bn that may have been largely involved.

Colorado's Department of Regulatory Agencies (DORA) has unveiled plans to evaluate 3 cryptocurrency-based companies hosting "unregistered ICOs" in the United States as part of continuing investigation into a practice being applied by phony firms to defraud people.

Criminals have recently been very cautious in conducting their illegal activity, as the number of cases solved by police has increased. For example, officials have caught three suspects of a large cryptocurrency theft in China. They stole almost 600 million Yuan ($87 mln) in virtual coins.

Police in Xian, a Chinese city, have arrested 3 suspects purported to have stolen $90 million worth of Crypto. The investigation of what appears to be China's largest-ever Bitcoin heist, began in March this year when police got information that some hackers had taken over full control of someone's computer (PC) to heist $15 million worth of Crypto.

Shinil Group, a South Korean treasure-hunting company, recently made global headlines when they proclaimed an Initial Coin Offering (ICO) after discovering a sunken Russian battleship possessing large volumes of gold worth US$130 billion.