Hong Kong Customs partnered with the University of Hong Kong to create a forensic tool designed to trace virtual asset transactions, according to a June 12 report from the South China Morning Post. Hong Kong develops tool to track illegal #crypto transactions Hong Kong Customs, in partnership with a local university, is developing a forensic […]
Hong Kong Customs Teams with HKU to Trace Crypto Transactions Read More »
Key Takeaways: BitoPro’s breach reveals outdated wallet practices during upgrades. Cross-chain bridges are high-risk targets. BitoPro’s delayed disclosure undermines trust, proving that timely communication is essential even with sufficient reserves. $11.5 million vanished in minutes—Taiwan’s BitoPro bled dry after hackers exploited an exposed wallet during a May 8 upgrade. They drained the exchange’s funds, pilfering
Taiwan-Based Exchange BitoPro Suffers $11.5 Million Hack, User Funds Unaffected Read More »
A dozen Americans and foreign nationals have been charged by the U.S. Department of Justice (DOJ) this week for engaging in an online racketeering conspiracy that saw $263 million worth of cryptocurrency netted in the crime scheme, as stated in a May 15 press release. Feds Say Fraudsters Swindled Millions in Crypto According to the
DOJ Busts Crypto Ring: $263M RICO Scam Fueled Supercars, $500K Parties Read More »
South Korean authorities have dismantled a sprawling crypto investment scam ring that deceived dozens of victims by posing as financial experts and promising high returns. The Jeju Metropolitan Police Agency announced the arrest of 25 individuals connected to four separate criminal organizations behind the elaborate scheme, local media outlet yna reported. According to officials, the
25 Arrested as South Korean Police Crack Down on Multiple Crypto Scam Rings Read More »
Key Takeaways: U.S. agencies now prioritize tracking crypto terrorism financing globally. Blockchain forensics can expose disguised crypto terrorism funding. Crypto terror financiers now face prison terms equal to violent offenders. A federal judge sentenced Mohammed Azharuddin Chhipa to 30 years and four months in prison for channeling more than $185,000 in cryptocurrency to the Islamic
30 Years for Funding ISIS: Crypto Trail Leads to Harsh U.S. Sentence Read More »
