News with the tag "asset seizure"

The registered crypto trading firm allegedly stole “hundreds of millions of baht” from electricity providers, coming out to at least $2.88 million.

A Mississippi trucker is reportedly fighting to get his life savings back after police seized it during a traffic stop. In September of 2020, Rae Young Chung was in his truck delivering auto parts to a business in Georgia when he was pulled over by a narcotics officer. According to court documents, ...

Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region.

The top court in the US won’t hear Battle Born Investments’ case claiming it purchased rights to 69,370 Bitcoin seized by the US from the online black market Silk Road.

Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the f...

German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon.

The UK government just released documentation notifying that the country’s law enforcement will soon have the power to seize crypto assets without going through extensive legal processes. The country’s Economic Crime and Corporate Transparency Act 2023, which was passed on October 26th, 2023, now co...

The U.S. Department of Justice (DOJ) is announcing a plan to seize millions of dollars worth of crypto that was allegedly gained from the sales of illegal narcotics. In a new press release, the DOJ says it has filed a forfeiture action against $54 million in crypto assets that can be traced to an il...

According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million)...