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Turkey Busts an Illegal Betting Organization, Seizes $40M in Crypto (Report)

The Turkish authorities reportedly detected an illicit betting organization that used cryptocurrencies to launder crime funds. Following the investigation, law enforcement agents arrested 46 individuals involved in the scheme and…

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Hackers Use Fake Solana Phantom Updates to Steal Crypto (Report)

Scammers have reportedly sent consumers a new Solana Phantom security update assuring it will grant additional protection. However, wrongdoers have installed password-stealing malware through airdropped NFTs and used them to…

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Brazil Police Busted the ‘Bitcoin Sheikh’ for Stealing Over $766 Million (Report)

Brazil’s Federal Police reportedly halted the operations of a criminal gang led by the businessman Francisco Valdevino da Silva, a.k.a “Bitcoin Sheikh.” The authorities claimed that the wrongdoers defrauded thousands…

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Delaware Authorities Crack Down on ‘Pig Butchering’ Crypto Scams

The Delaware Department of Justice’s Investor Protection Unit halted the operations of 23 entities and individuals involved in cryptocurrency romance frauds, known as “pig butchering” scams. A recent analysis conducted…

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China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)

Law enforcement agents from Hengyang (a city in the southern Chinese province Hunan) have reportedly busted a criminal group that employed cryptocurrencies to launder 40 billion yuan (approximately $5.6 billion).…

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