Canadian Cops Confiscate Bitcoin Worth Over $28 Million From Ex-Gov’t Employee
Sebastien Vachon-Desjardins — a former Canadian government IT professional — was charged with conspiracy to commit computer and wire fraud, and other offenses in a federal court in Florida, the US Department of Justice said Friday. The Royal Canadian Mounted Police (RCMP) raided Vachon-Desjardins’s home and seized 719 bitcoins worth more than $28 million, or […]
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Canada’s police have seized bitcoin worth more than $28 million from a former government employee who has been extradited to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of dollars in ransoms.”
Canadian Authority Seizes Bitcoin Worth $28 Million
The U.S. Department of Justice (DOJ) announced Thursday that a former Canadian government employee was extradited the previous day from Canada to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of....
An ex-employee of the now-defunct crypto exchange Cryptopia has admitted in court to stealing crypto worth about $170,000. The employee pled guilty to stealing coins and customer data while he worked at Cryptopia when the company was still up and running. A name suppression by the Christchurch district court of New Zealand keeps the employee […]
Canadian investors represented a hefty $487.5 million worth of outflows for crypto investment products, with the figure partially offset by $70 million worth of inflows from five other countries. Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. According to the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Canadian investors offloaded a whopping $487.5 worth of digital asset products between June 20 and June 24. The total outflows for the week....
A criminal justice service based in the Netherlands has been granted the power to confiscate digital currency holdings. As originally reported by Dutch newspaper Trouw, the Openbaar Ministerie, a national public prosecution service within the judiciary, now has the legal ability to seize the contents of bitcoin wallets from suspected or convicted criminals. It can also sell acquired bitcoins for fiat currencies soon after they are confiscated. According to DutchNews, citing original reports, the Openbaar Ministerie has already used this power to sell several hundred thousand euros worth of....
The gap between employers and employees is set to blur with the launch of the blockWRK application, which is expected to disrupt the process of employee management. blockWRK officially announced the launch of a blockchain-based employee compensation app that will allow businesses to increase employee productivity by using an automated system of instant rewards. The […]