BITPRISMIA
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.
Europol, in collaboration with Spanish authorities, dismantled a global investment fraud network that scammed over 5,000 victims out of $540 million using fake crypto investment schemes and complex money laundering techniques.