A former Beijing technology executive has been sentenced to 14.5 years imprisonment for embezzling 140 million yuan and laundering the proceeds through cryptocurrency exchanges. The defendant, identified by the surname Feng, orchestrated the scheme while employed at a short-video platform… Read More »Beijing Tech Executive Sentenced in Landmark 140M Yuan Crypto Money Laundering Case
Chinese law enforcement authorities have dismantled a sophisticated Bitcoin money laundering operation totaling $20 million linked to Kuaishou insiders, recovering approximately 92 BTC worth $11.7 million through cutting-edge blockchain forensic techniques. The investigation revealed that Kuaishou employees embezzled corporate funds… Read More »Authorities Uncover $20M Bitcoin Laundering Ring Involving Kuaishou Insiders
Indian cryptocurrency exchange CoinDCX has disclosed a server breach resulting in a $44 million loss, while confirming that all user funds remain safeguarded. The incident highlights persistent cybersecurity vulnerabilities within exchange ecosystems despite institutional protections. The attack exploited CoinDCX’s liquidity… Read More »CoinDCX Suffers $44 Million Server Breach Amid India’s Crypto Security Challenges
A former UK National Crime Agency (NCA) officer has been sentenced for stealing 50 Bitcoin from assets confiscated during the Silk Road 2.0 investigation, exposing critical vulnerabilities in law enforcement handling of cryptocurrency holdings. Paul Chowles misappropriated the cryptocurrency from… Read More »Ex-UK Crime Agency Officer Jailed for Stealing Seized Silk Road Bitcoin
Federal prosecutors have charged an American individual with laundering $1.7 million in proceeds derived from fraudulent checks using Bitcoin. The indictment details a complex laundering operation spanning several years. The charges allege the individual operated a sophisticated scheme designed to… Read More »American Charged in Bitcoin Laundering Scheme Involving $1.7 Million in Fraudulent Checks