French law enforcement officers freed the man after raiding a property in a Paris suburb where he was held captive for ransom.
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The Los Angeles Police Department said it seized $2.7 million worth of Bitcoin mining rigs allegedly stolen at the city’s airport from a shipment bound for Hong Kong.
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The scammers would hit the same victim repeatedly, first posing as investment managers, then again as Europol agents offering to recover the stolen funds for a fee.
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Ben Armstrong, also known as “BitBoy,” claimed on March 21 that he had a warrant for his arrest over emails to a judge.
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Prosecutors allege Bithumb’s former CEO used a $2 million company lease deposit to buy an apartment, though the exchange says he repaid the funds.
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Scammers posed as law enforcement and crypto wallet hosts to trick victims into revealing their seed phrases and steal their funds.
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The Wyoming Highway Patrol Association has adopted the Proof of Workforce’s “Get Off Zero” initiative and is reportedly exploring adding Bitcoin to its balance sheet.
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Vietnamese police arrest crypto mining scammers, Springfield warns about ATM fraud and Hong Kong busts AI-related scams.
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Vietnamese police thwarted a crypto scam that has already taken in $1.17 million, saving 300 potential victims and uncovering fictitious tokens.
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Polter Finance suffered a $12 million flash loan hack and is now investigating stolen funds linked to Binance wallets and offering to negotiate with the attacker.
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While the hacked funds were fully recovered, the Thala token is still down about 35% since the incident occurred.
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South Korea has been taking steps to suppress crypto scams. This latest one is the biggest ever, though.
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The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities.
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WonderFi CEO Dean Skurka reportedly said in an email that he is “safe” now and that no company funds and data were impacted.
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First crypto seizure by Victoria Police underscores a new legal framework empowering officers to confiscate digital assets via search warrants.
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