Tweet Updated December 26, 2019 – On November 1, 2019, the High Court of Hong Kong reversed its decision and agreed to order a mareva injunction sought by Nico Constantijn Samara against CitiBank and Gatecoin digital currency exchange. This is one of those stories that could only happen in the Bitcoin world. In June 2017, […]
Tweet Vancouver’s James Ellingson A Vancouver man, James Ellingson, is the subject of an extradition request by the Southern District of New York (“SDNY“), based on charges that include money laundering and narcotics importation. Ellingson was arrested in Vancouver on October 29, 2018, under an Extradition Act provisional warrant. According to the SDNY, Ellingson sold drugs on […]
Tweet Saudi Arabia and the United Arab Emirates announced yesterday in Abu Dhabi that they have created and launched a joint new bi-national digital currency. The name of the coin has not been released, not the type, not the amount issued, nor its price per coin. According to the governments of both nations, the new […]
Tweet According to recent news report, the hacking group Dark Overlord has hacked the systems of a large law firm in the US and obtained privileged and confidential records that were published online at Pastebin. The files are allegedly encrypted and the group is seeking payment in Bitcoin, failing which they will make all the […]
Tweet A foreign national from France, known on the dark net as OxyMonster, was sentenced to 20 years jail in the US for selling drugs such as fentanyl, online, and laundering the proceeds of crime. Gal Vallerius, 36, pleaded guilty to drug distribution and money laundering in Miami in June for selling cocaine, methamphetamine, fentanyl, oxycodone […]
Tweet According to this interview with FBI’s Financial Crimes Section Chief on CNBC, the FBI is seeing an increase in the number of complaints and cases opened involving digital currencies and crime. In particular, the FBI said that it is mostly ICOs and associated investment fraud schemes involving Bitcoin that are on the raise for […]
Tweet The Department of Justice announced the indictment of 7 Russian foreign nationals in Pennsylvania for their roles in an alleged hacking of anti-doping sports agencies, including one in Canada called the Canadian Centre for Ethics and Sports. According to the indictment, the indicted persons hacked into computers for several years to allegedly influence sports […]
Tweet The New York Office of the Attorney General (the “OAG“) released a report yesterday on the integrity of digital currency exchanges. It sought the voluntary participation of exchanges including Bitstamp, Coinbase, Binance, Huobi, Bitfinex, Kraken, Bittrex, Gemini and Poloniex, among others. The OAG noted that Binance and Kraken declined to participate, citing the fact […]
Tweet Last fall, the police in Ontario arrested a person named Maisum Ansari who lives in the suburbs of Toronto, who had in his home approximately 42 kilograms of carfentanil, or a substance containing carfentanil. 42 kilograms of carfentanil is a massive amount and likely the largest seizure by law enforcement in the history of seizures […]
Tweet This week, US and Chinese law enforcement announced the continuation of a joint investigation into fentanyl production and trafficking with a view to tackle the problem through money laundering investigations to identify TCOs involved. As part of the announcement, China said that on September 1, 2018, it banned two fentanyl variants. In February 2017, […]