Beijing’s crackdown on crypto continued with the start of the new year as Chinese police froze nearly 6 million yuan ($1 million) worth of crypto and arrested eight people involved with it. As per a report published in Nikkei Asia, the public security bureau of Chizhou unearthed a crypto rug pull fraud that could be worth 50 million yuan ($7.8 million). The police began an … [Read more...] about Chinese police unearth multi-million dollar DeFi rug pull
Police
South African Police Investigate Missing Brothers’ Crypto Platform, Africrypt
The Cajees disappeared in April after telling investors the platform had been hacked, with bitcoin worth around $3.6 billion allegedly going missing. In June, the brothers’ attorney at the time, John Oosthuizen, said they denied the allegations of wrongdoing, and that the money was missing because of a hack. Just two days later, Oosthuizen said his firm’s relationship with the … [Read more...] about South African Police Investigate Missing Brothers’ Crypto Platform, Africrypt
Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto
Hamilton police in Ontario arrested a teen for allegedly stealing CAD$46 million (US$36 million) worth of cryptocurrency through a SIM swap attack on a victim located in the U.S.This is the biggest cryptocurrency theft reported so far in Canada, the Hamilton police said in a press release on Wednesday. The victim was targeted by a SIM swap attack, in which scammers hijack … [Read more...] about Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto
Police forces jump into AnubisDAO saga after $60 million ‘rug’
Launched last week, in the midst of the “dog-coin” surge, AnubisDAO lost control of the project’s liquidity pool, as $60 million of investors’ funds got drained in what appears to be another rug pull incident.Following the accusations, both Hong Kong and US law enforcement got involved, while the suspect developer claimed to have fallen victim to a phishing attack.What happened … [Read more...] about Police forces jump into AnubisDAO saga after $60 million ‘rug’
International Police Seize $4.9M in Crypto From Alleged Darknet Drug Traffickers
International police including the FBI-led Joint Criminal Opioid and Darknet Enforcement (JCODE) and Europol have busted a group of 150 alleged darknet drug traffickers, seizing $4.9 million in cryptocurrencies.The operation dubbed “Operation Dark HunTor” cracked down on criminals who were involved in the sale of tens of thousands of illicit goods and services across Australia, … [Read more...] about International Police Seize $4.9M in Crypto From Alleged Darknet Drug Traffickers