Chinese police busted a network of more than 170 criminal groups as they arrested 1,100 suspects involved in money laundering by buying cryptocurrencies, security officials said in a statement.The charged individuals are accused of converting illegal proceeds into cryptocurrencies via crypto exchanges, the Ministry of Public Security said, without revealing the amount of money … [Read more...] about 1,100 people arrested in China over alleged crypto fraud
Alleged
Alleged $366M Bitcoin mixer busted after analysis of 10 years of blockchain data
U.S. authorities have arrested the alleged mastermind behind a multi-million darknet-based BTC mixing service, Bitcoin Fog, after analyzing 10 years of blockchain data.Authorities have issued a chilling warning to other users of illegal blockchain services: Anything you do today may come back to haunt you as “this activity is on this ledger forever” and ever-more sophisticated … [Read more...] about Alleged $366M Bitcoin mixer busted after analysis of 10 years of blockchain data
62 detained in Turkey a day after alleged $2 billion crypto ‘exit scam’
Turkish police have detained 62 people across eight provinces in connection to an ongoing investigation into local cryptoc exchange Thodex going dark, news agency Associated Press reported today.On Wednesday, several reports stated that Thodex, which had anywhere between $2-10 billion worth of its users’ cryptocurrencies in custody, has abruptly stopped all operations. This … [Read more...] about 62 detained in Turkey a day after alleged $2 billion crypto ‘exit scam’