Sweeping Raid: UK Authorities Nab Suspects In £1 Billion Crypto Scandal
In a significant development within the UK’s cryptocurrency landscape, authorities have recently apprehended two individuals linked to an alleged illicit digital currency exchange operation, reportedly involving over £1 billion. This move underscores an ongoing effort by regulatory bodies to clamp down on unregulated financial activities within the crypto sector. Related Reading: UK Crypto Advice Firm Shut […]
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Albanian authorities have Faruk Fatih Özer in custody, waiting for questioning and cooperation with the Turkish government. The saga of the defunct Turkish crypto exchange, Thodex, continues as its fugitive founder is now in custody in Albania. Local law enforcement detained Faruk Fatih Özer in an operation carried out at 05:30 AM (UTC) on Tuesday, Aug. 30, in the country’s capital city Tirana.According to a report by Cointelegraph Turkey, Özer is currently held in custody. After initial questioning, the Turkish embassy in Tirana will be informed by local authorities. Both the Turkish....
Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high returns and a regular income to lure more victims.
A ‘Unicorn in the Field of Global Applications’
Chinese authorities recently said they had arrested ten individuals behind an online platform which they believe to be a pyramid scheme, a regional report from China has said. The report suggests the scammers may have defrauded....
The CEO of the hacked South Korean crypto exchange says suspects in the hack have been identified.
Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors. Masterminds Could Have Defrauded Over 40,000 People According to Yonhap, police obtained a court order to conduct searches into 22 properties connected with the crypto firm, including its headquarters based in the financial district of Gangnam in Seoul. Although local media outlets refused to....
German police have detained two people suspected of hacking into computer networks and using them to mine over €700,000 worth of bitcoins. Three suspects face organised computer fraud and commercial fraud charges, according to the public prosecutor's office in Kempten. Two of the suspects were arrested Monday night in a raid by GSG-9, the German federal counter-terrorism unit. The raids were carried out in Bavaria and Lower Saxony, According to the Federal Criminal Police Office of Germany (BKA). There was no arrest warrant against the third suspect, and it is somewhat unclear why federal....