asset seizure – DIGIT INFO

Thai police seize nearly 1,000 Bitcoin miners in raid: Report

DIGIT — Fri, 10 Jan 2025 00:46:06 +0000

The registered crypto trading firm allegedly stole “hundreds of millions of baht” from electricity providers, coming out to at least $2.88 million.

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Hong Kong cops clean out alleged $46M deepfake crypto scam

DIGIT — Thu, 17 Oct 2024 05:53:09 +0000

Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region.

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US Supreme Court knocks back case over $4.4B Silk Road Bitcoin

DIGIT — Tue, 08 Oct 2024 04:47:32 +0000

The top court in the US won’t hear Battle Born Investments’ case claiming it purchased rights to 69,370 Bitcoin seized by the US from the online black market Silk Road.

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Tether Helps Dutch and US Authorities Seize $7.8M in Crypto

DIGIT — Fri, 27 Sep 2024 13:46:23 +0000

Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement […]

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Germany seizes 47 crypto exchanges tied to ‘underground economy’

DIGIT — Fri, 20 Sep 2024 01:20:22 +0000

German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon.

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Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

DIGIT — Thu, 11 May 2023 06:30:30 +0000

According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have […]

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South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders

DIGIT — Fri, 07 Apr 2023 15:34:59 +0000

According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange. Report Says Do Kwon Allegedly Sold a ‘Large Part’ of His Assets […]

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South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme

DIGIT — Tue, 27 Oct 2020 10:30:58 +0000

A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme. The raid at Clynton and Cheri Marks’ home on October 26 was conducted by Financial Sector Conduct Authority (FSCA) officials who are looking for […]

The post South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme appeared first on Bitcoin News.

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UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief

DIGIT — Mon, 01 Jun 2020 01:10:52 +0000

The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske, Santander, Lloyds, and Bank of Scotland. The government has also proposed adding other […]

The post UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief appeared first on Bitcoin News.

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