FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations.
Crimes that are made within cryptocurrency and related spheres are usually defined as cryptocurrency crimes. The legal status of digital currencies is not clear enough and governments all over the world are searching for a way to regulate operations in the cryptosphere. That is why most of the crimes cannot be forecasted or punished properly. The most common crypto-crime until the end of 2017 has been in relation to Initial Coin Offerings (ICO), which were conducted by frauds and by stealing money from electronic wallets and storages through hacking or fraudulently-obtained information. Besides that, a lot of users’ money was stolen when using unverified exchanges and making transactions through suspicious services. Also, people lost money by joining financial cryptocurrency pyramids.
Crypto remains underregulated, so Latvian investors need to be extra vigilant, says the FCMC.2532
Law enforcement representing 16 different countries cooperated to arrest 20 members of a global crypto-powered money laundering cartel in just one of the cases.4768
A former NFL team owner has been asked to pay $371M as part of a plea deal over bank fraud, illegal money transfers, and wire fraud. He's not interested.2792
Losses due to crypto scams are on the rise in Belgium.7517
Nobody who believes in crypto wants it to be a sector beholden to criminality or poor commitment to security.26624
Two thieves have destroyed the front wall of a deli in Canada after a failed attempt to steal a Bitcoin ATM.2662
A society without paper money might be a less equitable society. Those lacking digital connectivity would suffer.20277
Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance10530
The terror financing ring reportedly bought cryptocurrency coupons in licensed tobacco shops across France.4445
The user claimed to have lost a massive amount of money due to Bithumb’s negligence.1852
With new technologies evolving, criminals find easier ways for illicit activities — that is the dark side of anonymity and decentralization.5877
A dizzying lack of transparency as the crypto exchange is hacked and $150m in customer funds goes missing13055
The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption.3753
To ban crypto or to tax, that seems to be the question.3696