Crypto Crime News

Five individuals have been charged by the U.S. Department of Justice (DOJ) in connection with a cybercrime operation that allegedly resulted in the theft of $6.3 million worth of cryptocurrency and unauthorized access to confidential corporate data.

Switzerland’s Financial Market Supervisory Authority (FINMA) has issued a stern warning about the growing threat of money laundering in the cryptocurrency industry.

On November 20, 2024, Zixiao “Gary” Wang, co-founder of FTX, became the final executive to receive a sentence related to the exchange’s notorious collapse in 2022.

Logan Paul, a popular social media figure, is under scrutiny for allegedly profiting from cryptocurrency promotions without revealing his financial ties, as reported by the BBC.

The founder of a cryptocurrency trading platform is under investigation by the FBI for allegedly using corrupt Los Angeles Sheriff’s Department (LASD) deputies to carry out a series of extortion and other criminal activities.

Larry Dean Harmon, the operator of the Helix Bitcoin laundering service, was sentenced on Friday to three years in prison for his involvement in laundering over $300 million worth of Bitcoin for darknet drug markets.

Ilya Lichtenstein, one of the individuals involved in the notorious 2016 Bitfinex hack, was recently sentenced to five years in prison following his conviction on charges of money laundering.