The rise of cybercrime in the crypto sector has posed a significant threat to investors, businesses, and regulators. The loss
Category: Criminal Activity
Facebook Faces Regulatory Scrutiny in Thailand Over Crypto Scams and Ads Concerns
The world’s largest social media application by daily usage, Facebook, faces regulatory scrutiny in Thailand over crypto scam concerns. A
Somali Regulators Ban 1XBet, Telegram, and TikTok Over Misinformation Concerns
An official announcement issued by the Ministry of Communications and Technology (MOCT) in Somalia revealed that the authority will prohibit
TRM Labs Estimates North Korean Hackers Stole $2B of Crypto Assets From 2018
A report issued by the blockchain intelligence firm TRM Labs revealed that the North Korean illicit group stole crypto assets
US Banking Advocacy Group Supports Senator Warren’s Anti-Money Laundering Bill
In a recent report, the US banking advocacy group led by the Bank Policy Institute (BPI) supported a crypto bill
South Korea Launches Interagency Investigation Unit and Adopts LEI to Tackle Crypto Crimes
On Wednesday, July 26, the South Korean authority rolled out an interagency investigation department. The newly launched regulatory body will
UK Financial Watchdog Shuts Down 26 ATMs to Address Illegal Crypto Activity
In a well-coordinated regulatory action, the Financial Conduct Authority (FCA) collaborated with other enforcement units to combat money laundering and
Israel Authority Seizes $1.7M From Crypto Wallets Linked to Quds Force, and Hezbollah
A recent news update captured by The Times of Israel newspaper revealed that on Tuesday, the Israeli government seized over 40 crypto
Senator Elizabeth Warren Urges Legislators to Stop Chinese Fentanyl Traders from Using Crypto Payment
On Wednesday, US Senator Elizabeth Warren issued a report during the Senate hearing outlining the various ways crypto has been
Microsoft President Urges Policy Makers to Expedite Formulation of AI Rules
On May 25, the president of Microsoft, Brad Smith, issued a report calling for the authority to fast-track the formulation