BITPRISMIA
Law enforcement and private firms, including TRM Labs, TRON, Tether, and Binance, have seized over $300 million in cryptocurrency linked to fraud through collaborative initiatives like the T3 Financial Crime Unit and Project Atlas.
Do Kwon, co-founder of Terraform Labs, has reached a plea deal with U.S. prosecutors, which could allow him to serve part of his sentence in South Korea, marking a pivotal moment in the legal proceedings following the collapse of the Terra-Luna ecosystem.
The Indian Enforcement Directorate (ED) conducted raids across multiple cities in connection with a $29M crypto fraud involving Bitcoin and impersonation of tech support services, with assets seized under the Prevention of Money Laundering Act.
The CEO of South Korean crypto exchange Bitsonic, Shin Jin-wook, faces a second jail term for fraud involving the inflation of Bitsonic Coin trading volume and market price, defrauding customers of 160 million won ($115K).
The CEO of Bitsonic, Shin, received an additional six-month prison sentence for fraud involving the exchange's native token, Bitsonic Coin (BSC), highlighting the severe consequences of crypto market manipulation and fraud.
Rowland Marcus Andrade, founder of AML Bitcoin, was convicted for defrauding investors of $10 million through a money laundering scheme between 2014 and 2019, highlighting the risks of cryptocurrency scams.
Vincent Mazzotta pleaded guilty to a $13 million crypto Ponzi scheme, where he and co-defendant David Saffron defrauded investors with false promises of high-yield returns.
Washington State is seeking to forfeit $7.1 million in cryptocurrency linked to a $97 million fraud scheme involving Russian and Nigerian IP addresses.
The content promotes Floppypepe ($FPPE), an AI meme token, as an investment opportunity with potential high returns.
The U.S. government is taking legal action to recover $7.1 million from a $97 million cryptocurrency fraud scheme, highlighting efforts to combat crypto-related crimes and protect investors.