Crypto scammers plead guilty to $37M scheme targeting Americans
Five men pleaded guilty to a $37M crypto scam targeting Americans, laundering funds through shell companies and converting them to USDT before sending to Cambodia. They face up to 20 years in prison.
Russian National Hit With 22 Charges for Laundering $530M in Crypto – Legal Bitcoin News
A Russian national faces 22 charges for laundering $530M in crypto, allegedly using his companies to evade U.S. sanctions and defraud financial institutions.
Four Charged in $123M Queensland Crypto Laundering Scheme, AFP Says
Four individuals charged in a $123M Queensland crypto laundering scheme after an 18-month AFP-led investigation. Assets seized include properties, crypto wallets, and luxury items.
UK Insolvency Service Appoints First Crypto Specialist
The UK Insolvency Service appointed its first crypto specialist, Andrew Small, to trace and recover digital assets in bankruptcy and criminal cases, reflecting a 420% rise in crypto-related insolvencies over five years.
Why Traditional Crypto Security Advice Is Failing Against AI-Powered Scams – Brave New Coin
AI-powered scams are exploiting outdated crypto security advice, with verified accounts being hijacked for deepfake Bitcoin giveaways. Traditional measures fail against machine-speed attacks, requiring urgent updates to security protocols.
SEC Chair Champions Self-Custody Rights—New Exemption Could Fuel Crypto Boom – Regulation Bitcoin News
SEC Chair Paul Atkins advocates for self-custody rights and regulatory clarity, potentially boosting crypto and DeFi growth by empowering users and fostering innovation.
SEC eyes exemption framework to boost crypto innovation
The SEC is developing an ‘innovation exemption’ to accelerate crypto product development, offering temporary regulatory relief for compliant firms while updating rules for onchain technologies.
UK appoints specialist to recover crypto from bankruptcy cases
The UK Insolvency Service appointed its first crypto intelligence specialist to recover crypto assets in bankruptcy and criminal cases, as crypto-related insolvencies rose 420% in five years.
US lawmakers propose amendment to crypto market structure bill before markup
US lawmakers propose an amendment to the CLARITY Act, exempting certain blockchain developers from money transmitter rules. The bill faces a markup hearing amid bipartisan discussions on crypto regulation.
Crypto exec ran a ‘covert pipeline for dirty money,’ DOJ says
Crypto founder Iurii Gugnin arrested for allegedly laundering $530M via Evita Pay to help sanctioned Russian banks access US tech, facing multiple fraud and money laundering charges.
