Crypto Crime News

A 21-year-old man has admitted guilt in a federal court to charges connected to a significant cryptocurrency theft exceeding $37 million, as announced by the U.S. Department of Justice (DOJ).

The U.S. Securities and Exchange Commission (SEC) achieved a legal victory against a company in connection with an initial coin offering (ICO) in 2017.

The cryptocurrency industry faces intensified legal scrutiny, with significant prison sentences handed down to prominent figures.

A 45-year-old man, Olumide Osunkoya, has admitted to unlawfully managing a network of cryptocurrency ATMs, making it the first conviction of its kind in the U.K., as announced by the Financial Conduct Authority (FCA) on Monday.

The Dutch Authority for the Financial Markets (AFM) has warned of the risks of “pump and dump” schemes in the cryptocurrency sector ahead of the introduction of new rules.

A significant crypto incident has led to the loss of over $32 million in tokens after a whale mistakenly executed a malicious transaction, according to blockchain security firm ScamSniffer.

Authorities recently confiscated over $6 million in cryptocurrency linked to scammers based in Southeast Asia who targeted U.S. citizens with fraudulent investment schemes.