UK National Crime Agency Seizes $33 Million in Cryptocurrency
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. NCA Seizes Crypto Worth $33 Million The British National Crime Agency (NCA) published its annual report 2021-22 this week. The NCA “leads the U.K.’s fight to cut serious and organized crime, protecting the public by targeting and pursuing those criminals who pose the....
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Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies.
India Authorities Seize Assets in Alleged Crypto Scam Case
India’s Enforcement Directorate (ED), a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, has seized assets valued at 36.72 crore rupees ($5 million) in connection with a cryptocurrency scam.
The ED began....
According to the National Crime Agency, a UK citizen is among fifty six arrested this week in relation with cyber-crime after an intensive probe into hacking at the United States Department of Defence. The British man a twenty three year old was arrested in Sutton Coldfield, in the West Midlands by the NCA on suspicion of offences linked to stolen data from a messaging service used around the world by employees of the DOD. The US Department of Defence Criminal Investigative Service (DCIS) teamed up with the National Crime Agency to make this arrest. “This arrest underscores DCIS commitment....
The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands of Brazilians. The authorities in Brazil say the scammers duped people by typically promising exaggerated returns and falsifying where the funds were invested. Criminal violations In a statement, the DOJ says the U.S. acceded to Brazil’s request in line with the cooperation treaty signed....
One of Australia's primary national law enforcement agencies, the Australian Crime Commission (ACC), is investigating bitcoin's role in organized crime in an official operation known as 'Project Longstrike'. According to a report published by Reuters earlier today, ACC Executive Director Judy Lind said that investigators were aware of and would be monitoring "misuse of virtual currencies to facilitate criminal activity." She said: "Organized crime groups continue to make use of darknets to harbor trading in illicit commodities, including child exploitation material, illicit drugs and....
Abuse expands with use in the case of cryptocurrency, Europol has acknowledged while also noting that blockchain technologies offer authorities a new opportunity to fight crime. Europe’s law enforcement agency also says they can help investigate money laundering networks.
Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says
The growing use of cryptocurrency across borders and industries comes with increasing abuse, new forms of crime, and money laundering, the European Union Agency for Law Enforcement Cooperation (Europol) has concluded after....