Crime Cryptocurrency Law Enforcement

Sim Swapping Becomes the highest Concern of Anti-cybercrime Authorities

In the fight against crypto fraud, police in the United States consider “Sim swapping” top of their list of priorities. This is according to security news publication KrebsonSecurity. Santa Barbara police sergeant and supervisor of the REACT task force, Samy Tarazi told the publication, that Sim swapping incidences have been on the up. The react […]

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Crime Cryptocurrency Law Enforcement

The US state forfeits $700,000 worth of crypto from dark web dealer “Oxymonster”

36 Year old Gal Vallerius as known as “Oxymonster” in the dark webs has been handed a 20-year prison sentence by US District Judge Robert Scola. Gal was handed this sentence after being involved heavily in the dark web drug hub, Dream market. The French-Israeli citizen was apprehended by police last year while at the […]

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Financial Action Task Force: Global cryptocurrency regulation framework to be out by June 2019

  The global watchdog for money laundering has announced that it will start publishing its first batch of cryptocurrency regulations by June next year. The Financial Action Task Force (FATF) said there is a great need to implement worldwide jurisdictions for cryptocurrency regulation including the licensing and operation of cryptocurrency exchanges as well as the […]

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Japanese ‘expert meeting’ seeks to simplify tax payment for digital assets

Japanese Investigation Committee has commenced discussions aimed at improving the system by simplifying tax payment procedure for virtual currency holders. Reports by regional news outlet Sankei indicated that the committee, which also serves as the main advisory body for the prime minister commenced discussions on improving the policy on taxation on a general assembly meeting […]

Bitcoin Crime Law Enforcement

“Crypto Nomad” Colin Powell Detained over the Bitconnect Scam

After the story of the defunct Bitconnect went public, the authorities have appeared to be following anyone associated with what was a popular crypto platform, Bitconnect. One of the people connected to Bitconnect who was also the entities promoter, Calen Powell, revealed through a YouTube video that officers from the FBI had restrained, questioned and […]

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20 Year Old Charged with Stealing $5 Million worth of Crypto

California authorities have reportedly arrested a student who is suspected of stealing 5 million dollars’ worth of Bitcoin and also a few Altcoins through a scam technique known as “Sim jacking”. Tech news site Motherboard which reported the incident also claims to have obtained that 20-year-old university student, Joel Ortiz, had been accused of jacking […]

Government Law Enforcement Regulations

Operation CryptoSweep: Canada, U.S initiates a major crackdown on crypto scams

An event hosted on Monday by the North America Security Administrators Association (NASAA) saw the much-anticipated crackdown on cryptocurrency scams put into effect. Dubbed “operation cryptosweep”, the operation is aimed at conducting a thorough scrutiny on dozens of potentially malicious cryptocurrency schemes which have been on the spot for collecting thousands of dollars from unsuspecting […]

Government Law Enforcement Lawsuit

China Ranks Cryptocurrencies – Ethereum Tops the List, Bitcoin Flops

People’s Republic of China (PRC) belongs to the first governments to regulate Bitcoin and other cryptocurrencies. China is the first country to come out with an official government crypto ranking so far. Three filters were used by China Center for Information Industry Development (CCID) on how coins would be classified, namely used innovation, technology, application. […]