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The FCA’s actions followed similar operations in East London and Leeds, where the regulator said it had issued warnings or cease-and-desist requests to suspected ATM operators. Go to Source Powered by WPeMatico
The U.K. government plans to introduce laws to reimburse victims of authorized crypto fraud and work with Ofcom to prevent phone number “spoofing.“ Go to Source Powered by WPeMatico
The authorities claimed the exchanges allowed cybercriminals to flout anti-money laundering measures. Go to Source Powered by WPeMatico
James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the “unlawfully obtained” Bitcoin scheme. Go to Source Powered by WPeMatico
Police chief Bill Scott said there was evidence that the suspect and Bob Lee knew each other but did not comment on the possible motive of the attack. Go to Source Powered by WPeMatico
The Euler Finance exploit was the largest of Q1 2023, and the risk of a similar attack on other protocols remains. Go to Source Powered by WPeMatico
Despite the warnings on DeFi, Treasury noted that “most money laundering, terrorist financing, and proliferation financing” occurred using fiat or outside the crypto ecosystem. Go to Source Powered by WPeMatico
Both Ishan and Nikhil Wahi pleaded guilty to criminal insider trading charges after being arrested by U.S. authorities in July 2022. Go to Source Powered by WPeMatico
Prosecutors reportedly took control of houses and properties in an attempt to prevent former Terra employees from disposing of assets potentially connected to criminal proceedings. Go to Source Powered by WPeMatico
The focus on crypto regulation was part of the U.K. government’s plan to fight economic crime, which also included addressing law enforcement’s ability to seize and store assets. Go to Source Powered by WPeMatico
