Law

Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Aug 26, 2020 at 14:53
News
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Hackers use Binance cryptocurrency exchange to launder stolen money. As per the report by the federal Bureau of Investigation (FBI), a principal federal law enforcement agency, ransomware dubbed Ryuk has been used since its creation in 2018 to steal cryptocurrency worth $61 million.
Drug Dealers Use Bitcoin: Young Man Arrested in India
Aug 24, 2020 at 14:00
News
Drug Dealers Use Bitcoin: Young Man Arrested in India
Law enforcement agencies make their best efforts to combat criminals performing drug transactions via the darknet. On August 24, the Indian Narcotics Control Bureau arrested a young man for buying ecstasy pills using Bitcoin.
Funds from Coincheck Hack Surface and Get Confiscated in Japan
Aug 21, 2020 at 14:51
News
Funds from Coincheck Hack Surface and Get Confiscated in Japan
Japanese police are going to confiscate cryptocurrency funds stolen during the Coincheck hack. If successful, this will be the first digital currency confiscation of the kind in the country.
Ukrainian Cryptocurrency Market is Attractive for Money Launderers Due to Weak Regulations
Aug 20, 2020 at 11:58
News
Ukrainian Cryptocurrency Market is Attractive for Money Launderers Due to Weak Regulations
Ukrainian cryptocurrency market is under-regulated and therefore attractive for those wishing to take advantage of it for criminal purposes. Recently, law enforcers exposed a gang that has laundered about $42 million using cryptocurrency.
The US is Hunting Down Terrorists: $2 Million Seized in Cryptocurrency
Aug 14, 2020 at 15:23
News
The US is Hunting Down Terrorists: $2 Million Seized in Cryptocurrency
The US law enforcers go on with their campaign against terrorism financing. Now, they have blocked and confiscated around $2 million worth in cryptocurrency from accounts allegedly involved in terrorism financing.
Australia Passes First-Ever Sentence Related to Cryptocurrency Theft
Aug 12, 2020 at 15:16
News
Australia Passes First-Ever Sentence Related to Cryptocurrency Theft
Australia passes the first sentence related to cryptocurrency theft, proving that law enforcement is gearing up to govern the digital currency and blockchain industry.
Scam Hunt: Countries Strive to Combat the Rising Number of Cryptocurrency Fraudsters
Aug 05, 2020 at 10:09
News
Scam Hunt: Countries Strive to Combat the Rising Number of Cryptocurrency Fraudsters
The COVID-19 pandemic and global economic crisis triggered the increase in illegal activity related to cryptocurrency. However, law enforcers also keep themselves busy to fight the growth and put as many criminals behind bars as possible.
Latvian Police Arrested Cybercriminals Holding Over 110,000 Euro in Cryptocurrency
Jul 21, 2020 at 13:56
News
Latvian Police Arrested Cybercriminals Holding Over 110,000 Euro in Cryptocurrency
Officers of the Cybersecurity Department of Latvian Police exposed the activity of an organized gang of cybercriminals. During the operation, the law enforcers confiscated cash and cryptocurrency in the amount exceeding 110,000 Euro.
New Legislation Threatens the Growth of Cryptocurrency in the USA, Is It an Attempt to Clear the Way for Digital Dollar?
Jul 03, 2020 at 13:52
News
New Legislation Threatens the Growth of Cryptocurrency in the USA, Is It an Attempt to Clear the Way for Digital Dollar?
The US Senate adopted new legislation allowing law enforcement agencies to access encrypted data. Such provisions would complicate the operation of the cryptocurrency industry within the country, forcing businesses to go offshore.
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