PYMNTS

JUNE 19, 2019

The announcement of Facebook’s Libra has buoyed other cryptocurrencies, especially Bitcoin, which gained in the neighborhood of 12 percent this week, to $9,477. The last time Bitcoin got close to the $10,000 level was in May 2018, but it couldn’t close the gap.

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PYMNTS

AUGUST 6, 2020

Two Costa Rican residents have been charged with selling opioids illegally on the darknet for what amounted to 23,903 Bitcoin, according to Cointelgraph. From there, Pate allegedly sold the pills on the darknet, including on sites like Silk Road and AlphaBay, for Bitcoin. law enforcement,” said Acting U.S.

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Bitcoin Law Enforcement Crime Cryptocurrency 71

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These figures underscore the immense challenge facing regulators and law enforcement agencies in their efforts to curb illicit financial flows in the crypto space.

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PYMNTS

NOVEMBER 4, 2016

It’s been a varied week for bitcoin. First, some positive news: Bitcoin’s upward pricing trend continues, more or less. It opened this morning with a value of $742 and peaked at $744 (about as close as bitcoin has come to its year high since it hit $768 back in June). The reputation of bitcoin precedes it.

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PYMNTS

MARCH 7, 2019

In other news, blockchain security company CipherTrace revealed details of the first Canadian court case to use a bitcoin expert witness. As a result, the Ontario Attorney General is seeking to confiscate 288 bitcoins. “As The auditing giant used data from the U.S. billion coming from the SamSam attack.

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PYMNTS

APRIL 28, 2019

Police in Singapore helped stop a scam that was targeting users of bitcoin machines at a local mall. The scammers then ordered the man to transfer a total of $1,000 ($734 USD) worth of bitcoin to their wallets on two occasions, which the victim did. This is just the latest crypto scam to hit the country.

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PYMNTS

JANUARY 12, 2018

The Feds are seeking to put nearly 4,000 bitcoins on the auction block — currently worth approximately $50 million — seized in criminal, civil and administrative cases, BGR reported. Marshals Service said it will hold an auction in February to dispose of 3,813 bitcoins, which are valued at a sizable $52 million at today’s price.

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PYMNTS

MARCH 27, 2017

As far as cryptocurrencies have come in recent years, a number of security and fraud risk elements still remain. But developers are working to bring the seedier side of bitcoin to a close. All bitcoin transactions by design are recorded in a permanent public ledger accessible to anyone.

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PYMNTS

JANUARY 17, 2021

Cardano is a decentralized cryptocurrency network working to build an African customer base, and Hoskinson thinks the form lacks a significant customer base. Liversidge’s reasoning is a common one cited by crypto opponents: the coins, such as bitcoin, have no intrinsic value and could end up being a destabilizing influence on society.

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PYMNTS

FEBRUARY 20, 2020

In other crime-related crypto news, a drug dealer has lost millions in cryptocurrency after a judge ruled that it was the proceeds of criminal activity. The case stemmed from a February 2017 garda investigation, in which Collins had been stopped by law enforcement while driving a vehicle on the Sally Gap in the Wicklow Mountains.

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Bitcoin Law Enforcement Crime Cryptocurrency 52

PYMNTS

DECEMBER 5, 2018

Cryptocurrency exchange ErisX announced that it has raised $27.5 Department of Homeland Security (DHS) wants to develop forensic analysis techniques for cryptocurrencies like Zcash and Monero. million from investors, including Fidelity Investments and Nasdaq Ventures. A new document shows that the U.S.

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PYMNTS

SEPTEMBER 8, 2020

European crypto exchange Eterbase has announced a hack, affecting hot wallets for six of its listed cryptocurrencies and allowing hackers to make off with $1.6 billion in assorted cryptocurrencies, CoinDesk reported. The exchange contacted law enforcement, and trading has been suspended until Sept. reported.

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PYMNTS

JANUARY 13, 2020

JPMorgan Chase said the launch of CME Group options is building and there is the anticipation of institutional interest in Bitcoin-related contracts. European firms handling cryptocurrency will soon face a strict regulatory regime. The regime gives greater power and reach to financial intelligence units and law enforcement.

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PYMNTS

JULY 15, 2020

In other news, cryptocurrencies have no way to abide by proposed new rules in numerous U.S. The LAED Act would end encrypted communications, giving law enforcement a backdoor to access the data with a court order. He said per the report that a win in the case would let other recipients of the letter do the same thing.

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PYMNTS

MARCH 2, 2018

Why steal bitcoin when you can steal the technology that enables one to make more of it? Clearly, this is the question a group of Icelandic thieves pondered before making their move on 600 computers used to “mine” bitcoin. As for the computers themselves, they have not been found and are worth around $2 million.

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Bitcoin Law Enforcement Crime Digital Currency 44

PYMNTS

JULY 12, 2019

Cryptocurrency exchanges in Canada will now only have to report transfers of more than CA$10,000 ($7,663). In other news, Spanish law enforcement authorities have exposed a flaw in European anti-money-laundering controls. As a result, the platforms are now classified as money service businesses (MSBs). “As

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Bitcoin ATM Rules AML 40

PYMNTS

AUGUST 3, 2018

In addition, Snow ruled on the forfeiture of the nearly 81 bitcoins Costanzo provided to an undercover agent in a money laundering transaction then worth $107,000. The Justice Department said the bitcoins are worth more than $600,000 today. The news comes after Costanzo was convicted of using the cryptocurrency to launder drug money.

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Bitcoin Money Laundering Law Enforcement Cryptocurrency 40

PYMNTS

SEPTEMBER 10, 2019

The Paris-based Financial Action Task Force (FATF), an organization which acts as the standard-setter for anti-money laundering (AML) standards around the globe, said it is closely watching the development of Facebook ’s planned cryptocurrency, Libra , according to a report by Reuters. Liu warned that illegal use of cryptocurrency is growing.

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PYMNTS

SEPTEMBER 8, 2020

European crypto exchange Eterbase has announced a hack, affecting hot wallets for six of its listed cryptocurrencies and allowing hackers to make off with $1.6 billion in assorted cryptocurrencies, CoinDesk reported. The exchange contacted law enforcement, and trading has been suspended until Sept. reported.

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PYMNTS

FEBRUARY 26, 2019

federal law enforcement agencies have recovered $110,000 worth of stolen bitcoin, and returned it to cryptocurrency exchange Bitfinex. bitcoin — is just a small portion of the amount stolen by hackers in August 2016. That amount — totaling 27.7 The trial launched in December, and is expected to run for a year.

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PYMNTS

APRIL 6, 2018

Chainalysis counts as customers several law enforcement agencies, such as the Federal Bureau of Investigation and the Drug Enforcement Administration – and it wants to work with financial institutions. Even so, bitcoin’s future is not dim. Beyond tax day, Fundstrat believes the cryptocurrency could rise higher.

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Bitcoin Law Enforcement Cryptocurrency Blockchain 41

Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. Source: TRM Lab’s 2025 Crypto Crime Report Terrorist Financing and Sanctions Evasion Saw The Rise of Digital Laundering One of the most alarming trends identified in the 2024 report is the expansion of cryptocurrency use in terrorist financing.

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PYMNTS

APRIL 6, 2018

The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers. The action on the part of South Korean prosecutors is the latest in a series of raids the country has been conducting on the largest cryptocurrency exchanges.

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PYMNTS

OCTOBER 18, 2019

Thus, for criminals, at times bitcoin and other cryptos are a conduit to money laundering, ransomware and, at times, just trying to hide in plain sight. Sometimes the darkest deeds, even done through cryptocurrency means, come to light. The site’s content was available for purchase with bitcoin.

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IRS Law Enforcement Bitcoin Money Laundering 41

PYMNTS

MAY 3, 2019

In other news, the New York Police Department (NYPD) has issued a warning about phone scammers pretending to be Social Security Administration officials and requesting payment in bitcoin, prepaid gift cards, and bank wire transfers.

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PYMNTS

MARCH 9, 2020

In today’s top payment news, Amazon begins selling its “Just Walk Out” technology to other merchants, plummeting oil markets cause a ripple effect in cryptocurrency, and 5G is predicted to add $2.2 Cryptocurrency markets are plummeting after oil prices crashed and the stock market spiraled in another sell-off frenzy.

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PYMNTS

MARCH 11, 2016

As infamous bitcoin criminals like Ross Ulbricht have learned, it’s not impossible to get caught. And, as law enforcement has learned, the dark side of bitcoin has its perks. Gox bitcoin exchange that went bust. Because even bitcoin has a trail. Russia Looks To Crack Down On Bitcoin (Even More).

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PYMNTS

SEPTEMBER 2, 2019

Venture capital firm Andreessen Horowitz is attempting to fight back against Washington’s tougher stance on cryptocurrencies. And as Bart Stephens, co-founder and managing partner of Blockchain Capital, a venture capital investor focused on cryptocurrencies, noted, “The U.S. regulatory environment has gone from uncertain to hostile.”.

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PYMNTS

MAY 12, 2019

and an investor in cryptocurrency, won $75.8 The report noted it’s one of the biggest court judgments involving cryptocurrency and an individual. It also shines a light on the scams and schemes going on in the cryptocurrency world as the price remains volatile and well under its high of nearly $20,000.

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PYMNTS

MARCH 29, 2018

Law enforcement in South Korea is looking into Youbit, the South Korean bitcoin exchange that was the subject of a heist that brought the exchange down, and are investigating the prospect that North Korea may have been involved. Its attractive to North Korea because cryptocurrency can rise in value in a quick amount of time.

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PYMNTS

SEPTEMBER 10, 2019

Netki announced that it has upgraded its digital identity service so that cryptocurrency firms can meet AML recommendations by the Financial Action Task Force (FATF) for fighting money laundering. In other news, crypto trading platform BitMEX has lost its chief operating officer (COO).

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AML Compliance Law Enforcement Money Laundering 40

PYMNTS

JANUARY 11, 2021

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. For example, Bitcoin is not money.

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PYMNTS

JULY 16, 2019

Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. It also includes £6.5

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PYMNTS

NOVEMBER 26, 2018

We must not allow cybercriminals to hide behind cryptocurrencies,” Rosenstein said at the the annual meeting of Interpol, according to CoinDesk. “In Recovery efforts by law enforcement have been able to retrieve a bit less than $2 million of funds. Brexit Deal Awaits Vote.

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PYMNTS

JULY 2, 2018

As noted last week, some regulators, spanning the United Kingdom, North America and Asia, are seeking those exemptions as they contend that the General Data Protection Regulation ( GDPR ) could stymie cross-border law enforcement actions that focus on fraud and manipulations of markets.

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PYMNTS

JUNE 20, 2016

The data led industry experts to warn companies that they should report cybercrime as soon as possible to law enforcement, though some officials agree that the mechanisms to report such crimes are far from straightforward and streamlined. firms think bitcoin is a flop , found Smith & William’s Enterprise Index survey.

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PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The FBI and other law enforcement agencies usually don’t recommend paying these types of ransoms, since it might encourage attackers to keep committing these cybercrimes.

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