Crime News

A Chinese trader helped the North Korea-linked hacker Lazarus Group launder millions of dollars’ worth of stolen cryptocurrencies. Blockchain investigator ZachXBT revealed in a post on X on Oct. 23 that Yicong Wang, a Chinese over-the-counter trader who operated under…

Venture Capitalist Nic Carter criticizes Minneapolis Federal Reserve President Neel Kashkari for his remarks on how crypto is “almost never” used outside of illicit activity, even though the data tells a different story. In an X post on Oct. 22,…

Zhimin Qian, also known as Yadi Zhang, has pleaded not guilty to laundering Bitcoin in a London court. According to Bloomberg, Qian, a Chinese national, was arrested in April and charged with two counts of money laundering. The UK’s Criminal…

An Indian national has been sentenced to five years in prison after being convicted of stealing more than $20 million in a crypto fraud scheme involving fake crypto websites. U.S. District Judge Kenneth D. Bell sentenced Chirag Tomar, a 31-year-old…

US prosecutors urged a Washington federal judge that Ilya Lichtenstein, the mastermind who extracted 120,000 Bitcoin ($8 billion) by hacking into the Bitfinex crypto exchange, should get five years in prison. According to Bloomberg, in an Oct. 15 court filing…

A German man, Horst Jicha, is now a fugitive after skipping a $150 million cryptocurrency fraud hearing in New York. Jicha, 64, was under house arrest and out on a $5 million bond, but authorities suspect he tampered with his…

The U.S. Securities and Exchange Commission has filed charges against Cumberland DRW LLC for operating as an unregistered dealer. The SEC alleges that Cumberland, a Chicago-based crypto market maker, bought and sold over $2 billion in crypto assets, including those…

Six men operating under the name “Loverbois” have been convicted for laundering $15,000 to $50,000 in cryptocurrency in addition to selling nearly 12 kilograms of meth disguised as Adderall pills. The U.S. Attorney’s Office for the Southern District of Ohio…

Four cryptocurrency companies and 14 individuals have been charged in what U.S. prosecutors describe as the first criminal prosecution targeting market manipulation and sham trading in the crypto industry. The companies involved — Gotbit, ZM Quant, CLS Global, and MyTrade…

A U.S. government filing indicates Bitfinex could be the sole entity eligible for restitution from the massive 2016 Bitcoin theft. The filing by the U.S. government has confirmed that Bitfinex could be the sole victim eligible for restitution concerning the…

A recent United Nations report showed that criminal networks in Southeast Asia are increasingly using the messaging app Telegram to facilitate illicit activities, ranging from trading hacked data to laundering money through unlicensed cryptocurrency exchanges.  The UN Office for Drugs…

Vietnamese police have dismantled an international crypto fraud network, arresting multiple suspects for swindling billions of VND from Vietnamese citizens.  The operation, led by criminals working from the Laos’ Golden Triangle Special Economic Zone, involved scams enticing victims into fake…

Demonizing privacy coins undermines the core principles driving many web3 natives: The freedom of essential human rights, and privacy being one of them.

The Australian Federal Police’s Criminal Assets Confiscation Taskforce cracked a “seed phrase” linked to an account belonging to alleged creator of encrypted messaging app “Ghost,” which authorities claim is used for organized crime. According to the AFP press release, the…

Evan Frederick Light, 21, faces a maximum penalty of 20 years in prison after stealing $37 million worth of crypto from an investment holdings company located in Sioux Falls, South Dakota. The U.S Department of Justice stated in a press…

Crypto sleuth ZachXBT has exposed a British-based scammer responsible for $650,000 worth of crypto theft in the past year. As blockchain and cryptocurrency adoption expands globally, more users have entered the space searching for profits and quick investment returns. Scammers…