News with the tag "asset recovery"

WazirX has implemented a Singapore-backed restructuring plan to recover from its July 2024 $235 million cyberattack.

Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion to USDT....

Patricia CEO Fejiro Hanu said they are currently awaiting the prosecution and conviction of the other suspects involved.

The Federal Bureau of Investigation (FBI) has made a notice warning the public to avoid using cryptocurrency money-transmitting services that are not registered as Money Services Businesses (MSBs) with the Financial Crimes Enforcement Network (FinCEN) in the United States. This warning highlights th...

A former Kansas Bank CEO is accused of embezzling $ 47.1 million from the lender to invest in cryptocurrency investments. Shan Hanes, the former leader of Heartland Tri-State Bank which folded in July, is also charged with embezzling money from a local church. The details of this incredible case wer...

On Wednesday, January 31, British law enforcement authorities revealed the discovery of Bitcoin valued at $1.7 billion, associated with a woman facing allegations of laundering funds from a $6 billion investment fraud in China. UK Citizen Denies Money Laundering Allegations Jian Wen, a 42-year-old U...

Horst Jicha, the CEO of USI Tech, is facing severe charges for orchestrating a fraudulent scheme that deceived investors out of $150 million. Jicha, a 64-year-old German national, was arrested in December, marking a significant turn in a saga that began in 2018 with cease and desist letters from U.S...

A recent filing showed that the U.S. Attorney’s Office is taking legal action to recover more than $54 million in cryptocurrency linked to an illegal narcotics distribution scheme. The cryptocurrency, including 30,000 Ethereum (ETH) valued at approximately $53.5 million, was previously seized and ca...

Conor Grogan tracked down $322,000 worth of dormant ETC and returned it to its owner, who was unaware the money ever existed.