Crypto Crime News

New York City Mayor Eric Adams has been indicted as a result of a federal corruption investigation, making him the first mayor in the city’s history to be indicted during his tenure.

A new lawsuit alleges that the U.S. Department of Justice must set aside most of a $4.3 billion settlement with Binance for a fund for victims of state-sponsored terrorism.

The U.S. Securities and Exchange Commission (SEC) has filed charges against TrueCoin and TrustToken for engaging in fraudulent and unregistered sales of investment contracts tied to the TrueUSD (TUSD) stablecoin.

Following new regulations on crypto mining in Russia, Dagestan authorities have uncovered numerous illegal mining operations, prompting the regional prime minister to call for increased law enforcement efforts against these illicit activities amid rising electricity consumption.

Binance has revealed its significant role in assisting India’s Enforcement Directorate (ED) to dismantle Fiewin, a fraudulent online gaming platform that allegedly scammed users out of ₹400 crore (around $47.6 million).

Caroline Ellison, former head of Alameda Research, has been sentenced to two years in prison for her involvement in the downfall of FTX, and is also required to forfeit $11 billion.

The Swedish Police Authority and the Financial Intelligence Unit (FIU) have labeled cryptocurrency exchanges as “professional money launderers (PML)” after evaluating services from unlicensed operators.