BITPRISMIA
The T3 Financial Crime Unit (FCU), a collaboration between Tron, Tether, and TRM Labs, has frozen $250 million in illicit crypto assets, marking a significant step in combating crypto crime and enhancing blockchain security.
Indian authorities froze $4.8 million in assets linked to a fake Coinbase scam masterminded by Chirag Tomar, highlighting the use of the Prevention of Money-Laundering Act (PMLA) to combat crypto fraud.
Rowland Marcus Andrade, CEO of the defunct AML Bitcoin, was found guilty of wire fraud and money laundering, highlighting regulatory actions against fraudulent crypto schemes.
South Korea's Financial Supervisory Service (FSS) has launched a public awareness campaign to combat crypto scams, aiming to protect investors from financial fraud through education and proactive measures.
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.
The U.S. Department of Justice has seized $7.1 million in cryptocurrency linked to a fraudulent oil and gas investment scheme, with charges filed against a coconspirator.
A South Korean man was arrested for orchestrating a $61 million crypto investment scam, exploiting the allure of high returns and technological sophistication to defraud over 2,200 investors.
Tether froze $1.6 million in USDT linked to a Gaza-based financial network (BuyCash) involved in terrorist financing, showcasing its compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
KB Kookmin Bank in South Korea has seen a significant rise in fraud-linked accounts after partnering with crypto exchange Bithumb, highlighting challenges in digital asset security and banking integration.
Crypto laundering via cross-chain swaps has surged by 211% over the past two years, with projections reaching $21.8 billion by 2025, prompting increased efforts by blockchain analytics firms to combat this trend.