Reported by: Níamh Curran Criminals will always evolve and find new ways to commit the same crimes. This is something which Jodie Wilkinson, head of strategic partnerships at takepayments warns of: “Scammers are constantly updating their technology and techniques, and it’s likely that fraud will continue to become more sophisticated, meaning consumers and businesses need […]
Reported by: ZOLTAN LUCAS Manhattan District Attorney Alvin Bragg announced on Tuesday the indictment of a woman living on the Upper East Side in Manhattan, New York for using cryptocurrency to finance terrorism groups in Syria. Victoria Jacobs, also known as Bakhrom Talipov, has been indicted on charges that include soliciting or providing support for an act […]
Reported by: André Beganski OneCoin founder Dr. Ruja Ignatova has resurfaced more than five years after vanishing from the public eye, linked to a London property in a filing submitted to the British government this month. The filling lists Ignatova as a so-called beneficial owner of Abbots House Penthouse Limited, a Guernsey-based company that had purchased a […]
Reported by: ANDY GREENBERG For years, the cryptocurrency economy has been rife with black market sales, theft, ransomware, and money laundering—despite the strange fact that in that economy, practically every transaction is written into a blockchain’s permanent, unchangeable ledger. But new evidence suggests that years of advancements in blockchain tracing and crackdowns on that illicit […]
Reported by: Prashant Jha Insider trading has become a burning topic in the crypto ecosystem, especially in light of the recent conviction of an ex-Coinbase manager’s brother. The insider trading charges were believed to be the first involving cryptocurrency, and now another set of wallet addresses with transaction history linked to Binance listings has raised suspicion. […]
Reported by: Faith Karimi, CNN Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed, fireballs erupted and Alicia Keys’ “Girl on Fire” blared through the speakers. “Looks like a girl, but she’s a flame. So bright, she can burn your eyes — better look […]
Reported by: Rohan Goswami and MacKenzie Sigalos Federal prosecutors unsealed an indictment against a little-known crypto exchange called Bitzlato on Wednesday, alleging that it facilitated the laundering of $700 million in tainted crypto tied to the now-shuttered dark-web market Hydra, and millions more in ransomware proceeds. Blockchain data shows that tens of millions of dollars that passed […]
Reported by: Kevin Johnson The founder of the Hong Kong-based cryptocurrency exchange Bitzlato was arrested early Wednesday in Miami in connection with a vast money laundering operation, accused of transmitting more than $700 million in illicit funds in the past four years. Deputy Attorney General Lisa Monacosaid Anatoly Legkodymov, 40, a Russian national, oversaw a major “high-tech financial hub […]
Reported by: Erik Larson The former tech entrepreneur, “Razzlekhan” rapper and accused cryptocurrency thief Heather Morgan has a new job. Morgan, who dubbed herself on social media and in music videos as “The Crocodile of Wall Street,” was hired by an unspecified technology company even though she’s under 24-hour house arrest, according to a court […]
Reported by: Lachlan Keller The U.S. House of Representatives has created a new congressional subcommittee focused on digital assets, as one of its first moves under the control of the Republican Party, Congressman Patrick McHenry said on Thursday. Fast facts Read full report: https://finance.yahoo.com/news/u-house-representatives-forms-cryptocurrency-041323722.html
Financial Crime News Briefs 