Opportunities for blockchain in police investigations
How distributed ledger technologies can help law enforcement agencies to fight crime and money laundering. The problem of spreading cybercrime is becoming more acute today, and developed countries with high gross domestic product rates suffer from it to a much greater extent than developing countries. This is due to the fact that the more advanced technologies are used by society, the stronger its dependence is on digital structures. And this, in turn, creates more opportunities for cybercriminals. In 2021, the damage from cybercrime is predicted to be $6 trillion — twice as much as in....
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Ruja Ignatova, founder of the notorious crypto pyramid Onecoin, was reportedly alerted about police investigations into the scam before she disappeared. The ‘Cryptoqueen’ has been on the run for several years, wanted by law enforcement agencies around the world. Onecoin Mastermind Learned About Arrest Efforts From Leaked Police Documents, Podcast Reveals A media report has shed light on how Onecoin’s founder Ruja Ignatova may have been warned about the plans to detain her months before she disappeared almost five years ago. That’s according to files seen by the BBC, which airs a podcast....
Investigations in the aftermath of the recent terror attack in Munich which saw nine people killed in a Munich shopping center on Friday will now see darknet markets under the scanner. Speaking to journalists today, Holger Muench, the chief of Germany’s Federal Criminal Police (also known as Bundeskriminalamt or BKA), has stated that the emergence of the darknet as a trading platform will see investigations focus on the clandestine corner of the internet. The darknet, an overlay network that can only be accessed by specific software and nodes like Tor is commonly known as an illicit....
A photograph of Alpha Technology's registered business address in Manchester taken on 10th December 2014. Source: Bicycle Doctor. British mining equipment maker Alpha Technology has been investigated by police in Manchester, following complaints lodged against it with the national fraud and cybercrime centre, ActionFraud. The centre, which is run by the City of London Police, said it has received 20 reports against Manchester-based Alpha Technology. Those reports were assessed by the national fraud intelligence unit and passed on to Greater Manchester Police (GMP). The Economic Crime Unit....
Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if the man had accomplices.
No Funds Recovered
Hong Kong police recently arrested a 24-year-old conman accused of vanishing with a crypto trader’s $191,085 (HK$1.5 million). The con artist now faces a possible ten-year jail term if convicted, a report has said.
According to a South China Morning Post report that....
Australian police have raided the Sydney home and office of Craig Steven Wright, the man alleged to be bitcoin's inventor as the anonymous Satoshi Nakamoto. Australian Federal police in Sydney have raided the home and office of Craig Wright who is identified as the creator of bitcoin. According to The Guardian, more than 10 police personnel arrived in Gordon, a Sydney suburb to raid a home belonging to Craig Wright. The raid was conducted not long after WIRED and Gizmodo revealed investigations leading the publications to believe they may have discovered bitcoin's creator. The Guardian....