The Europol and police department of Portugal have jointly seized funds worth €70,000 ($77,200) which are allegedly used in a counterfeiting modus operandi. The authorities revealed the gang sold fake notes on the dark web in return for Bitcoin (BTC). An officer Luís Ribeiro said, “Often they are only detected when entering bank deposits. In terms of normal trade, they are banknotes that pass quite easily,”
Though it is not unusual in the crypto industry, since most malicious theft happens in the cyberspace, happening in real-world encounter is a new story. A cryptocurrency millionaire narrowly escapes death from a robber who has entered into his apartment at Oslo armed with a gun, he has to jump from a second-floor balcony to save his life. The case has been filled & Norwegian court will hear it next month.
A 48-year old Thai man who called himself the cryptocurrency wizard has been arrested while playing soccer in Bangkok, over his alleged role in a 500 million baht ($16.3 million) crypto exchange fraud. He is a member of a group which conducts fraud schemes which involve persuading targets to invest in cryptocurrencies through them, with each group member assuming responsibility for a particular role — such as opening bank accounts and posing as digital asset investors.
David Murray, VP of an advisory firm has testified before a US Senate subcommittee on the link between cryptocurrency and human trafficking and recommended steps to curtail the role of cryptocurrency payments. He said: “Developed economies are the most profitable for human traffickers, with criminal organizations earning more than $34,000 annually in profit from each victim in North America.”
Abdul Shakoor, 35 hailing from Indian state Kerala has been allegedly tortured to death by a group of five men for failing a $62.5 million Bitcoin investment scheme, which he claims was lost due to a hack. The local police deduced, “The accused tortured him so much to retrieve the password that Shakoor died. Because crores of money would be lost with his death, the men took him to a hospital, hoping for a miracle…”
Tina Jones, a 32-year old nurse working at decided Loyola University Medical Center has been sentenced to 12 years in prison, to be followed by three years of probation for murdering her lover. She has turned to the dark web to hire a hitman for bitcoins and sent the victim’s photograph and address and paid US$12,000 in Bitcoin over three months.
The authorities of Spanish has reportedly observed the bitcoin ATMs & AML provision of Europe after it was being used by the criminals to fund drug traffickers. Previously, the Spanish police have busted a drug-trafficking gang which was using BTC ATMs to transfer estimated $10 million to a various wallet from multiple countries and lead to a point that the technology should be monitored over illicit acts committed by criminals.
A 19 year old dude, Elliot Gunton who was running a hacking service in exchange for cryptocurrencies in England has been caught by the cops, they have solid evidence of software which he used for committing cybercrimes and the Norwich Crown Court was sentenced to a 20-month prison sentence and to pay back £400,000 to the exchange which he had earlier breached in.
A couple operating out of Merced, California have pleaded guilty to selling drugs on the dark web in exchange for cryptocurrencies, including Bitcoin (BTC) and Bitcoin Cash (BCH). The couple operated vendor accounts named “Best Buy Meds,” “Trap Mart” and “House Of Dank” to distribute cocaine, cocaine base, methamphetamine, and marijuana. The US judiciary have caught them & ordered them to all their earnings from the illicit activity.
The blockchain related Long Island Iced Tea (LTEA) has been investigated by the U.S. Federal Bureau of Investigation (FBI) which has got a search warrant request for a trading and securities fraud investigation. The FBI said there is probable cause to suspect that Lindsay and Giguiere had conspired with each other and others to, and did, trade LTEA securities on the basis of material, non-public information, violating various laws.
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