crypto crime Archives

US Feds File Suit to Forfeit .1M in Crypto With Ties to Oil and Gas Storage Fraud

US Feds File Suit to Forfeit $7.1M in Crypto With Ties to Oil and Gas Storage Fraud

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The U.S. Department of Justice is cracking down on yet another cryptocurrency fraud ploy. The losses amount to tens of millions, and it’s expected that more will be identified. An Elaborate Scheme The U.S. Attorney’s Office in the Western District of Washington filed a civil action on Tuesday, demanding the forfeiture of cryptocurrency assets valued […]

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NYC Crypto Torture Case Suspects Granted Million Dollar Bail

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William Duplessie and John Woeltz, the two suspects behind New York City’s Bitcoin torture plot earlier this summer, were each granted $1 million bail this week on charges tied to the NYC crypto torture case, ABC News reported on Thursday. William Duplessie, John Woeltz, Land Bail in Shock Case According to the July 24 report,

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The many faces of crypto crime and the relentless cat-and-mouse chase

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Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Crypto crime is on the rise. From the first epic hack of mighty Mt. Gox to the intricate OneCoin scam orchestrated by nefarious Bulgarian

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Crypto Crash Tackle: Former Athlete Jailed in Shocking Ponzi Mining Plot

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A former semi-professional rugby player from Seattle has been sentenced to two-and-a-half years in federal prison after being found guilty of orchestrating a fraudulent cryptocurrency mining scheme. Shane Donovan Moore, 37, was convicted of wire fraud involving more than 40 investors across

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UK Crime Officer Jailed for Stealing 50 Bitcoins Worth £4.4M During Silk Road Investigation

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A former National Crime Agency officer has been sentenced to five-and-a-half years in prison for stealing 50 Bitcoins worth £4.4 million ($5.9 million) from evidence seized during a Silk Road investigation, using cryptocurrency mixers to launder the funds through multiple transactions over four years. Paul Chowles, 42, was part of the NCA team investigating organized

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Court Hands Down 12-Year Sentences

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A court in Belgium has issued 12-year prison sentences to three individuals involved in the December 2024 kidnapping of the wife of a local cryptocurrency entrepreneur. The case, which has drawn attention within both legal and crypto communities, centers on a ransom

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DOJ Charges North Korean Nationals for Crypto Theft and Identity Fraud in US

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The United States Department of Justice (DOJ) has revealed coordinated enforcement actions against an alleged North Korean operation designed to infiltrate US companies and steal crypto assets. According to the DOJ, North Korean nationals posed as US citizens to gain remote IT

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Global Watchdog Reveals Surge In Criminal Activity Involving Stablecoins

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Financial Action Task Force (FATF) has raised alarms about the “increasing risks” associated with the adoption of stablecoins and other cryptocurrencies. Stablecoin Adoption Raises Security Concerns In a press release issued on June 26, the FATF noted that the growing use

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Global Watchdog Calls on Nations To Step Up Crypto Enforcement

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The Financial Action Task Force has called on governments worldwide to step up enforcement of anti-money laundering standards in the crypto industry, warning that unchecked gaps in regulation could undermine global financial security. In a report released Thursday from Paris, the global watchdog said jurisdictions have made progress since 2024 on implementing anti-money laundering and

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Satirical Luigi Mangione Musical Featuring Sam Bankman-Fried Debuts In San Francisco

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A new musical about Luigi Mangione featuring disgraced FTX founder Sam Bankman-Fried debuted in San Francisco this past weekend, less than one year after the killing of UnitedHealthcare CEO Brian Thompson. SBF, Diddy & Luigi Characters Take Center Stage Directed by Nora Bradford, “Luigi: The Musical” bills itself as a “part comedy and part social

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