Crypto firm’s CEO resigns after being robbed of company funds at gunpoint
Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter. Go to Source
Law Enforcement
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Pavel Durov Speaks Out Following Paris Arrest Over Telegram’s Legal Issues
Pavel Durov, founder and CEO of Telegram, made his first public statement after his arrest in Paris. He was questioned by French authorities for four days over claims that he could be held responsible for illegal activities of Telegram users. Durov expressed surprise, citing that Telegram has an official representative for such matters. He pledged … Read more
Clay County Intensifies Efforts Against Cryptocurrency Scams
The Clay County Prosecutor’s Office, located in Liberty, Missouri, is intensifying efforts to combat the rise in cryptocurrency-related scams. Recognizing the growing threat posed by scams related to cryptocurrencies like bitcoin and ethereum, the office is organizing a specialized training program for local law enforcement agencies. This initiative aims to equip detectives and officers with … Read more
Police Warn of Bitcoin Scammers Posing as Bank Representatives
The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from their accounts and deposit them into bitcoin ATMs. The sheriff’s office emphasizes … Read more
Homeland Security leads to man charged over crypto recovery scam
At least 175 people claim they engaged Coin Dispute Network to help them recover funds but never saw a single cent returned. Go to Source
Europol anticipates rise in AI-driven cybercrime: IOCTA 2024
Europol’s 2024 report highlights AI tools enabling non-technical individuals to conduct sophisticated cybercrimes. Go to Source
How law enforcement struggles with sophisticated crypto laundering
Advanced crypto laundering techniques continue to challenge law enforcement and crypto-related services as highlighted in a new Chainalysis money laundering report. Go to Source
US Government Transfers $243 Million in Seized Bitcoin to Coinbase
On June 26, 2024, the U.S. government transferred 3,940 bitcoins, valued at $243 million, originating from a darknet market dealer. This batch of BTC was directed to an exchange address tagged as Coinbase. U.S. Law Enforcement Moves 3,940 Bitcoin The U.S. government executed this transfer of 3,940 BTC valued at $243 million. This action by … Read more
North Korea’s Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals
Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing investigation. Alex Lab Collaborates With Law Enforcement in $4.3M Hack Investigation … Read more
Kenya Concludes Worldcoin Investigation
Kenyan police have reportedly closed their investigation of Worldcoin, allowing the latter to resume its activities in the East African nation. The chief legal officer at Tools for Humanity confirmed that Worldcoin would soon resume registering Kenyan users. Tools for Humanity Praises ‘Fair’ Investigation The Kenyan police have reportedly concluded their investigation into Worldcoin, which … Read more