Crime

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

| Yogita Khatri

U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.

‘Onerous’ FATF Recommendations Harmful for Crypto Transparency: Chainalysis

| Nikhilesh De

The international watchdog's draft recommendation for KYC compliance are unrealistic and may be harmful to the crypto industry, says Chainalysis.

Korean Crypto Scam Fleeced Investors for Over $18.5 Million

| Yogita Khatri

Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.

Canadian Court Rules Drug Dealer Must Hand Over $1.4 Million in Bitcoin

| Yogita Khatri

A Toronto judge has ruled that a 30-year old drug dealer must forfeit 281.41 bitcoins used in illegal activities on the dark web.

Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job

| Wolfie Zhao

South Korean crypto exchange Bithumb has had over $13 million in EOS stolen in a hack, but says customer funds are safe.

Mt. Gox bitcoin protest

Former Mt. Gox CEO Mark Karpeles to Appeal Conviction

| Yogita Khatri

Mark Karpeles, former CEO of the collapsed bitcoin exchange Mt. Gox, is reportedly to appeal his conviction on data manipulation charges.

CabbageTech CEO Indicted in New York for Defrauding Crypto Investors

| Yogita Khatri

The owner of a firm called CabbageTech has been arrested and charged with duping investors out of over $200,000 in cryptocurrency and cash.

Singapore-Based Crypto Exchange DragonEx Has Been Hacked

| Yogita Khatri

Singapore-based exchange DragonEx says it has been hacked for an undisclosed amount in a large number of cryptocurrencies.

AriseBank CEO Pleads Guilty to $4.2 Million Securities Fraud Involving ICO

| Nikhilesh De

Jared Rice, former AriseBank CEO, pleaded guilty to securities fraud and could face as much as 20 years in prison.

Alleged BTC-e Operator Alexander Vinnik Seeks Extradition to Russia

| Yogita Khatri

Alleged bitcoin launderer Alexander Vinnik, who is wanted by several countries, has filed in Greece for extradition to Russia.