Crypto Crime News

Revolut, the digital banking app, reported blocking over $621 million in potentially fraudulent transactions involving both crypto and fiat currencies during 2023.

FTX has filed a motion to settle with Caroline Ellison, the former Alameda Research CEO, requiring her to relinquish nearly all her assets.

A former California attorney, 86-year-old David Kagel, has received a five-year probation sentence and a nearly $14 million restitution order after admitting to orchestrating a crypto Ponzi scheme.

Marat Tambiyev, the former chief investigator of Russia’s Investigative Committee, has been sentenced to 16 years in prison due to corruption charges.

A recent alert from a U.S. government agency highlights the growing threat of Trinity ransomware, notorious for demanding cryptocurrency payments from victims while threatening to disclose sensitive information.

On October 4, 2024, the U.S. government took legal steps to recover over $2.67 million in digital assets that were allegedly pilfered by North Korea’s Lazarus Group.

Binance, the world’s largest cryptocurrency exchange, has rejected 86% of Israeli military requests to freeze crypto wallets linked to Palestinians and others due to a lack of sufficient evidence.