DOJ, Europol Freeze $3.5M In Crypto After Dismantling Global Proxy Fraud Network
A New York resident lost close to $1 million in cryptocurrency. That single case became one of the clearest examples of the damage done by SocksEscort — a for-hire proxy service that gave criminals across the globe a way to hide while they stole. Related Reading: Trump Memecoin Dangles Mar-A-Lago Access As Token Price Spikes […]
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Over the last day, the Bitcoin price has displayed sideways movement, without any apparent intent of a breakout. While this is a typical weekend price action, there has been an interesting update on the underlying dynamics keeping the flagship cryptocurrency grounded around $70,000. Related Reading: DOJ, Europol Freeze $3.5M In Crypto After Dismantling Global Proxy […]
Do not be mistaken in thinking this global fraud ring was decentralized by any means. Global fraud rings are nothing new under the sun these days. With the rise of deep web activity, criminals have created platforms to communicate and collaborate on a global scale. Avalanche, one of the largest global fraud rings in the world, has now been dismantled. This is a major boon for law enforcement agencies, although the threat is far from over. The Avalanche global fraud ring has been a thorn in the side of police officials for quite some time now. This project serves as a distributed cloud....
The Ethereum Foundation has completed a direct sale of 5,000 ETH to BitMine Immersion Technologies, the publicly traded treasury firm chaired by Fundstrat’s Tom Lee, in an over-the-counter transaction valued at $10.2 million. The transaction comes at a time when large investors appear increasingly comfortable accumulating Ethereum during the current price range, with on-chain data showing several large wallets quietly building major ETH positions in recent days. Related Reading: DOJ, Europol Freeze $3.5M In Crypto After Dismantling Global Proxy Fraud Network BitMine Continues....
Europol has raised fresh alarm about how criminals are handling cryptocurrency. According to the agency, misuse of crypto and blockchain is growing more complex and organized, and that trend is stretching police resources across Europe. Related Reading: 17 Years Later, Bitcoin Still Runs — Unstoppable Since Day One Europol Findings And Figures Based on reports […]
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals.
U.S. Securities Regulators Investigate Celsius’ Withdrawal Freeze
The U.S. SEC and securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are investigating the decision by crypto lender Celsius Network to freeze withdrawals, Reuters reported Thursday.
Texas’ director of enforcement Joseph Rotunda explained that officials representing the five state....