US authorities raid ransomware operator, seize $2.8M in crypto

[ad_1] The U.S. Justice Department authorized the seizure of more than $2.8 million in cryptocurrency, cash, and other assets from a suspected ransomware operator, according to an Aug. 14 announcement. Federal prosecutors... Read more »

Investors Beware — Dubai Authorities Warn of Fake Tokenized Property Offerings

[ad_1] Dubai’s Virtual Assets Regulatory Authority and the Dubai Land Department have issued a public warning about entities falsely claiming involvement in their real estate tokenization project pilot. Possible Violation of Dubai’s... Read more »

South Korean authorities raid Bithumb in corporate fund misuse inquiry

[ad_1] South Korean prosecutors raided the headquarters of crypto exchange Bithumb on March 19 as part of an investigation into whether the company’s former CEO misused corporate funds to purchase an apartment,... Read more »

Authorities Target First Crypto Pump-and-Dump Under New South Korean Law

[ad_1] South Korea has cracked down on a pump-and-dump scheme, accusing a suspect of rapid price manipulation under the country’s new crypto regulatory framework. New Crypto Law in Action: Suspect Accused of... Read more »

Thai Authorities Seize Nearly 1,000 Bitcoin Miners in Electricity Theft Bust

[ad_1] Law enforcement in Thailand’s Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan.... Read more »

South African Authorities Arrest Man Accused of Using Bitcoin to Fund Terrorist Activities

[ad_1] A South African law enforcement agency recently apprehended a 35-year-old man suspected of using cryptocurrency to fund terrorist activities. Suspicous Transactions A South African law enforcement agency recently apprehended a 35-year-old... Read more »

US authorities take custody of Do Kwon, ending months-long extradition process

[ad_1] Do Kwon, the South Korean co-founder of Terraform Labs, was extradited from Montenegro to the US, ending months of legal proceedings over the matter, according to local media reports. Montenegrin police... Read more »

Rising crypto scams in France trigger crackdown by authorities

[ad_1] The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers. The Paris Public... Read more »

Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident Complaints

[ad_1] Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be... Read more »

Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date

[ad_1] Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of... Read more »