News with the tag "Crime"

A Belgian court has sentenced three for the abduction of a crypto coach’s wife, marking another high-profile case amid the rising wave of crypto kidnappings in France. The Brussels Criminal Court court has sentenced three kidnappers to 12 years in prison for the abduction of the wife of crypto inves...

A victim of a multi-million dollar Romance scam has sued three US banks, accusing them of negligence and enabling the fraud. Plaintiff Michael Zidell, who reportedly lost roughly $20 million to a fraudulent scheme, claims he transferred millions across accounts held at Citibank, East West Bank, and ...

The defunct crypto exchange, FTX, requests the bankruptcy court for authorization of a structured procedure to handle creditors from 49 nations that restrict crypto undertakings. FTX prioritizes legal opinions to determine whether to reimburse users in these jurisdictions in compliance with the Unit...

A new report from cybersecurity firm Koi Security has revealed a large-scale campaign involving fake Firefox browser extensions used to steal crypto wallet credentials. According to the research, more than 40 extensions were found impersonating popular crypto wallet tools, allowing attackers to siph...

The United States Department of Justice (DOJ) has revealed coordinated enforcement actions against an alleged North Korean operation designed to infiltrate US companies and steal crypto assets. According to the DOJ, North Korean nationals posed as US citizens to gain remote IT jobs , steal sensitive...

BitcoinWorld Crypto Scam: Europol’s Massive $540M Bust Shakes Global Fraud Network The digital world, while offering unprecedented opportunities, also harbors dark corners where deception thrives. A recent, staggering announcement from Europol has sent shockwaves through the cryptocurrency community...

The US Department of Justice has charged four North Korean nationals who posed as IT workers at blockchain startups to siphon roughly $1 million in cryptocurrencies using insider access. Kim Kwang Jin, Kang Tae Bok, Jong Pong Ju, and Chang Nam Il were indicted on charges of wire fraud and money laun...

BitcoinWorld Crypto Scam Ring Busted: Spain Unveils Massive $540M Fraud Network The digital world, for all its promises of innovation and financial freedom, often hides a darker side. For thousands of unsuspecting victims, that dark side just manifested in a devastating way. In a significant win for...

Spanish police arrested five members of a suspected crypto fraud operation that allegedly laundered 460 million euros ($540 million) stolen from over 5,000 victims. The bust, carried out by Guarda Civil, the armed wing of the country's law enforcement agencies, saw three arrests from searches in the...

A new insider trading case has emerged in Brooklyn, exposing a scheme that exploited confidential company data before it became public. Two men, Justin Chen, 31, and Jun Zhen, 29, have been arrested and charged with securities fraud after allegedly using non-public information from corporate filings...