Generating

245+ related results were found.   
Subscribe Query
BeInCrypto
BeInCrypto
The World's Third Largest Crypto Exchange Faces Criminal Investigation After Breaking the Law
22 days ago
链科天下
链科天下
followers

"The country has issued a digital currency. One person can only buy one order, each order is 1,000 yuan, and he can earn back 50,000 yuan guaranteed by the end of the year." Such a clumsy scam has fooled more than 10,000 victims in 6 years. . In the second half of 2023, the public security organs of Zhangzhou City, Fujian Province successfully eliminated this fraud criminal gang and found that the amount involved amounted to 200 million yuan. Under the guise of "cooperating with the country to win the economic defense war" and "supporting the central bank's digital currency", the criminal gang concocted false investment projects in order to obtain high returns as bait to commit fraud. The police found that more than 10,000 people were involved in the case, most of whom were middle-aged and elderly people over 50 years old, and many of them had poor family conditions. Recently, the procuratorate has successively initiated public prosecutions against 12 main suspects in the case. In January 2024, after careful investigation, Fengtai police uncovered a case in which an online blockchain game was used as bait to trick people into investing in "virtual coins" and defrauded five people of more than 6 million yuan. After investigation, the criminal suspect Liu, together with others, encouraged investors to purchase virtual currencies on specific digital accounts, claiming that these virtual currencies could be exchanged for the general currency in the game at the same price, and used the value-added effect of NFT digital assets to attract investors. Investors are promised expected returns of more than three times the original value. Through the above words, Liu tricked five investors into remitting money to his designated digital account. Later, the whereabouts of Liu and others were unknown, and the deceived people called the police one after another. At present, Liu has been captured by the Economic Crime Investigation Brigade of Fengtai Branch. It can be seen from this that under the guise of virtual currency, etc.

7 days ago
慢雾 SlowMist
慢雾 SlowMist
followers

With the start of the new year, the new version and upgrade of Slow Mist AML (https://aml.slowmist.com) is online. In the tide of the digital economy, money laundering crimes have become increasingly obscure, and have shown a trend of cross-regional, cross-industry, specialization and gang development. The ingenuity and concealment of criminal methods have posed severe challenges to anti-money laundering work. Due to the "information island" phenomenon, each institution can only rely on its own simple data for analysis, and it is difficult to accurately identify cross-institutional money laundering gangs. This undoubtedly brings greater difficulties to the tracking of digital assets. Based on this, SlowMist has fully upgraded and launched SlowMist AML (https://aml.slowmist.com), which is committed to better detecting the behavior of cybercriminals and further ensuring the security of user digital assets. While SlowMist AML ensures the security of digital assets, it also provides professional services in multiple fields: 1. Web3 industry: Promote industry compliance, help build trust, and protect companies from financial crimes; 2. Financial institutions: Help traditional financial institutions improve their anti-money laundering capabilities in the direction of cryptocurrency; 3. Regulatory units: Assist in formulating industry standards, establishing safe markets and maintaining financial stability; 4. Compliance department: Help discover and analyze financial risks on the chain and prevent cryptocurrency-related crimes. SlowMist has been deeply involved in the field of cryptocurrency anti-money laundering for many years, and has formed a complete and efficient solution covering the three aspects of compliance, investigation and audit, actively helping to build a healthy ecological environment for cryptocurrency

8 days ago
CoinsRadar_Net_币市雷达
CoinsRadar_Net_币市雷达
followers

[Real incident] "Old Leek in the currency circle" was arrested by the police, which was quite exciting. The following content is a real incident, dictated by friends around me. I recorded it truthfully. I hope it will be helpful to you... I will speak in the first person below. start! ! ! ! ! I have been speculating in currencies for 15 years now, and I can be called an "old leek in the currency circle". I never dreamed that I would be arrested by the police for speculating in currencies... One day last year, around 9 o'clock in the morning, while I was still doing sex in bed, there was a knock on the door. My family opened the door and saw that it was the police. The police asked if it was a certain home... When I heard that the police were coming to my door, I immediately heard a thump in my heart. I quickly put on my clothes and got up, and by accident, I hid my phone under the pillow. There were four police officers who came to the door, one of whom was carrying camera equipment and filmed the whole process. The police identified the suspect and everyone was very normal. I even invited the police to sit down and drink tea. The police asked me, do you know what happened? I'm telling the truth, maybe it's because of my currency speculation... The police said it was good to know, and asked me how many bank cards I had. I said six or seven... Come with us and find out what's going on, police said. The auxiliary police officer next to me took out handcuffs and put them on me. The police came to the study room and took away my computer, mobile phone, bank card, USB shield, etc. The police saw a book on "Criminal Law of the People's Republic of China" in my study room and joked: "Ah, I really love learning. I have read all these books..." I smiled bitterly and took the initiative to take out the other mobile phone under the pillow and hand it over. The police also took away my car keys, searched my car inside and out, and found several bank card cancellation vouchers. On the way to the Public Security Bureau, I kept asking the police what happened to me... The police said that it was okay, they just wanted to understand the situation and then they could go back. (I later learned that the more the police handling the case said it was okay, the bigger the problem became.) It was already noon when I arrived at the Public Security Bureau. The police handling the case took me to the interrogation room and started taking notes. The police officer did not make things difficult for me. He answered questions and answers easily throughout the whole process and even took the initiative to fetch me a meal from the canteen. (Because I had never experienced this before, I was so nervous that I didn’t take a bite of the meal.) The contents of the transcript probably include where you are registered, how many people you have, what you do, what you did before, what you are doing now, whether you have done anything illegal, when did you start speculating in currencies, what currencies were speculating, and who introduced you. Are you making a profit by speculating on coins... I answered them all truthfully, because to this day I don't know why I was brought here. During the recording process, the police asked me why my bank card was debited as soon as I drove out. ? I said I didn’t know, maybe it was a coincidence, I was selling coins that day. The police also said: We have been observing you for half a month. If it hadn't been busy recently, we would have come to look for you long ago. I said I really don't know why. I thought to myself at the time: "The policeman must have mistakenly thought that I was buying and selling bank cards, or helping others to pay money, or something like that." Thinking of this, I relaxed and knew that I was fine. But what happened next made me collapse. After finishing the transcript, the police took me to the Economic Investigation Division and asked me if I knew so-and-so. I answered truthfully, I don’t know. I don’t know, why did someone send money to you? The police tone became stern. I said I don't know. The police took out so-and-so's report document. Indeed, so-and-so lost money due to some project he did. At a certain time, the flow of money was transferred to my card... The fact is that the person who reported the case bought USDT from me, and then his USDT was defrauded by others, and then he called the police and said that he had transferred the money to me. The person who reported the crime thought that I was working with the scammer. The reporter reported the case to the police in Shenzhen. Because the amount was relatively small (20,000 to 30,000 yuan), Shenzhen transferred this separate case to the Public Security Bureau of my household registration for investigation. Newbies doing CX in the currency circle are really killing people. I opened the Huobi Exchange, pulled up the transaction records between me and the reporter, explained the situation, and proved my innocence. After that, the police contacted the person who made the report and learned about the situation. The situation was indeed as I said. It turned out to be a misunderstanding. When I left the police station, the police kindly told me not to speculate in coins. I said, it is not illegal to speculate in currencies. What I do is legal and compliant... The police said: Legal? ? Check Baidu yourself. When did currency speculation become legal? ? ? If you keep playing side games, something will happen to you sooner or later, and the top management of Binance Exchange will be arrested by us... I said nothing. This incident occurred last year, when it was revealed that Li Lin of Huobi and senior executives of OK Exchange were being interviewed by the police. Maybe, the police mistakenly referred to Huobi or OK as Binance. After this incident, I know how powerful it is. It is strongly recommended that when buying and selling virtual currencies such as USDT, you must not hook up offline, meet someone on any chat software, and then trade directly without going through a major exchange. Those who come to you to buy coins, why don’t they buy coins on the exchange themselves? ? Why are you looking for me? Think about it for yourself. What about the limit for new registered users, what troublesome review, what I don’t know how to do, all kinds of excuses... Pull some eggs. Don’t trade virtual currencies directly without going through an exchange just because you are a netizen you have known for many years. Don't accept money from unknown sources even at death. Covet a little higher price difference and get in sooner or later. Either the crime of accomplices, the crime of illegal business operations, or the crime of deliberately concealing illegal gains...

8 days ago
CryptoPotato
CryptoPotato
followers

To crack down on fraudulent activities and safeguard consumer interests, the Federal Communications Commission (FCC) has officially prohibited using artificial intelligence-generated voices in unwarranted robocalls across the United States. This move follows an incident where New Hampshire residents received fabricated voice messages mimicking U.S. President Joe Biden, advising against participation in the state’s primary election. FCC Extends TCPA Protections The ban, implemented under the Telephone Consumer Protection Act (TCPA), represents a step towards curbing the proliferation of robocall scams. FCC Chairwoman Jessica Rosenworcel stated, “Bad actors are using AI-generated voices in unsolicited robocalls to extort vulnerable family members, imitate celebrities, and misinform voters. We’re putting the fraudsters behind these robocalls on notice.” Robocall scams, already outlawed under the TCPA, rely on sophisticated AI technology to mimic voices and deceive unsuspecting recipients. The latest ruling extends the prohibition to cover “voice cloning technology,” effectively stopping an essential tool used by scammers in fraudulent schemes. We’re proud to join in this effort to protect consumers from AI-generated robocalls with a cease-and-desist letter sent to the Texas-based company in question. https://t.co/qFtpf7eR2X https://t.co/ki2hVhH9Fv — The FCC (@FCC) February 7, 2024 The TCPA aims to protect consumers from intrusive communications and “junk calls” by imposing restrictions on telemarketing practices, including using artificial or pre-recorded voice messages. In a statement, the FCC emphasized the potential for such technology to spread misinformation by impersonating authoritative figures. While law enforcement agencies have traditionally targeted the outcomes of fraudulent robocalls, the new ruling empowers them to prosecute offenders solely for using AI to fabricate voices in such communications. Texas Firm Linked to Biden Robocall In a related development, authorities have traced a recent high-profile robocall incident imitating President Joe Biden’s voice back to a Texas-based firm named Life Corporation and an individual identified as Walter Monk. Attorney General Mayes has since sent a warning letter to the company. “Using AI to impersonate the President and lie to voters is beyond unacceptable,” said Mayes. She also emphasized that deceptive practices like this have no place in their democracy and would only further diminish public trust in the electoral process. I stand with 50 attorneys general in pushing back against a company that allegedly used AI to impersonate the President in scam robocalls ahead of the New Hampshire primary. Deceptive practices such as this have no place in our democracy. https://t.co/CqucNaEQGn pic.twitter.com/ql4FQzutdl — AZ Attorney General Kris Mayes (@AZAGMayes) February 8, 2024 Attorney General John Formella has also confirmed that a cease-and-desist letter has been issued to the company, and a criminal investigation is underway. “We are committed to keeping our elections free and fair,” asserted Attorney General Formella during a press conference in Concord, New Hampshire. He condemned the robocall as an attempt to exploit AI technology to undermine the democratic process, vowing to pursue strict legal measures against perpetrators. The robocall, circulated on January 21 to thousands of Democratic voters, urged recipients to abstain from voting in the primary election to preserve their votes for the subsequent November election. The post US Bans AI-Generated Voices Used in Scam Robocalls After Biden Impersonation Frauds appeared first on CryptoPotato.

19 days ago
davut1karabulut
davut1karabulut
followers

Chinese Authorities Crack Down on $280 Million Cryptocurrency Ponzi Scheme. 🇨🇳👮🏻‍♂️ In a significant breakthrough, the Yuanbao Branch of Chifeng City Domestic Security Bureau in Inner Mongolia, China, has successfully dismantled a major cryptocurrency Ponzi scheme. Operating from Beijing, the undisclosed platform employed sophisticated organizational structures and innovative marketing tactics, raising suspicions of criminal activities involving cryptocurrencies. With operations spanning 13 provinces and cities, the platform boasted over 18,000 registered members. The total transaction flow surpassed 2 billion yuan ($280 million), revealing the scale of the illicit activities. The primary focus of the scheme was a classic Ponzi structure. Chinese law enforcement swiftly responded, arresting 30 suspects associated with the cryptocurrency platform. Additionally, they froze nearly 10 million yuan linked to the case. Ongoing investigations are in progress, with two main suspects voluntarily surrendering to authorities. This case unfolds against the backdrop of China's existing ban on cryptocurrency assets. Despite the ban, the allure of virtual assets persists, leading many Chinese citizens to access crypto platforms through VPNs. The crackdown on this sizable Ponzi scheme highlights the authorities' commitment to combating illegal activities within the cryptocurrency space. As the investigation unfolds, it serves as a stark reminder of the challenges posed by the intersection of financial technology and criminal enterprises. #China #cryptocurrency #VPN #ponzischeme #Ponzi

24 days ago
Dappall
Dappall
followers

CoinsRadar.net (coin market radar) news: A public official killed his wife to defraud her bail after failing to speculate in currencies, and was executed on the morning of February 2, 2024. #TradeNTell #BTC! On September 14, 2020, the police received a report from a residential property that a woman died in an apartment in Taizhou Bay New District. After investigation, it was found that the deceased, surnamed Wang, 34 years old, was an employee of a local bookstore and died of poisoning. According to Ms. Wang’s colleagues, Ms. Wang suddenly asked for leave 3 days before the incident. Since she could not contact Ms. Wang that day, she came to her residence. Accompanied by the property manager, she opened the door of Ms. Wang’s house and found that she had died at home. An investigation by the Taizhou Municipal Public Security Bureau’s Gathering District Branch found that Ms. Wang committed suicide and the murderer was her husband Dai Lumin. Subsequently, Dai Lumin was criminally detained. #tradingStrategy The police report at the time showed that the suspect Dai Lumin was Ms. Wang’s husband and a staff member of the Taizhou Forestry Bureau. He confessed to luring Wang to take poison and die in order to obtain accident insurance compensation. At the time of the incident, Ms. Wang and Dai Lumin had received their marriage certificate less than two months ago. Dai Lumin had been married once before. But until the incident, neither family knew that the two were married. Ms. Wang's relatives said: "I know she has a boyfriend, but I have never met her. She once mentioned that she wanted to meet, but the man refused with various reasons." On December 1, 2021, the case was heard in the Intermediate People’s Court of Taizhou City, Zhejiang Province. The prosecutor alleged that the defendant Dai Lumin was in debt of more than 2.6 million yuan due to failed speculation in stocks and virtual currencies. In order to relieve economic pressure, he had the evil idea of ​​killing people and defrauding huge insurance money. On April 26, 2020, Dai Lumin asked Wang to purchase a term life insurance with an insured amount of 2 million online. When the 90-day deductible period of the insurance was about to expire, Dai Lumin married Wang on July 20, 2020, and asked Wang to change the insurance beneficiary from Wang's father to himself on July 24. Since June 2020, Dai Lumin has purchased pearl powder capsules online twice, dried puffer fish five times, and tetrodotoxin four times through five female friends. On September 11, 2020, Dai Lumin filled two pearl powder capsules with 20 mg of tetrodotoxin. On September 12, 2020, Dai Lumin asked Wang to take the poison capsule without his knowledge, and after Wang reported vomiting, he again asked Wang to take a second poison capsule, which eventually led to Wang's death. Wang's family mentioned in the criminal indictment that Wang was just one of Dai Lu's many female friends, and Dai Lumin induced Wang to complete everything from taking out insurance, getting married, and changing the beneficiary. The lawyer representing the victim's family believes that Dai Lumin directly committed murder in order to defraud a huge amount of insurance money. The circumstances and means were extremely egregious and should constitute the crime of direct intentional homicide and insurance fraud and be sentenced to death. His criminal behavior caused great economic and mental losses to Wang's family and should be compensated. In 2022, Dai Lumin was sentenced to death in the first instance for committing intentional homicide, and the original verdict was upheld in the second instance. 😍Follow me and get news faster!

24 days ago
Dappall
Dappall
followers

CoinsRadar.net (coin market radar) news: Using digital renminbi to buy 4 mobile phones in a row, the police uncovered a digital renminbi money laundering case A man used his digital renminbi wallet to help criminals launder money on the pretext of using digital renminbi to buy a mobile phone. He specifically targeted stores where digital renminbi could be used to pay, and used the same criminal method to commit 14 frauds, involving a total amount of more than 200,000 yuan. #TradeNTell #BTC! #tradingStrategy Recently, Mr. Wang (surname Hua), the owner of a mobile phone store in Suining County, Xuzhou City, came to the Chengxi Police Station of the Suining County Public Security Bureau to call the police, saying that his bank card was suddenly frozen by the police from other places. The police immediately launched an investigation. It turned out that the day before the incident, a man came to Mr. Wang’s mobile phone store and asked if he could pay with digital renminbi. After agreeing, the man bought two Apple mobile phones and concluded a transaction for 19,000 yuan. Then the two parties added each other on WeChat , the man paid 19,998 yuan in digital renminbi and sent a screenshot of the digital renminbi transfer to Mr. Wang. Mr. Wang also transferred the extra 998 yuan from the other party to the Alipay account provided by the other party using Alipay transfer. The next day, the man came to the mobile phone store again and said he wanted two more Apple phones and the same payment and transfer methods as yesterday. This operation made Mr. Wang suspicious, so he went to the bank to check the payment status. The results showed that the money had arrived, but the digital RMB account was frozen by the Henan Public Security Bureau. Based on the clues provided by Mr. Wang, the police called the in-store surveillance system, locked the suspect and followed it, and successfully captured the suspect Wei. After interrogation, the suspect Wei confessed that he used his digital RMB wallet to help criminals launder money and profited from it. At present, the criminal suspect Wei has been taken compulsory measures, and the case is still being further explored and expanded.

26 days ago
鹏币生辉story
鹏币生辉story
followers

Crypto’s money laundering risks may need to be explicitly included in China’s anti-money laundering law. Experts say that the money laundering problem of virtual assets is currently the most important, most urgent, and most necessary problem to be solved at the legal level. You may often see these two crimes later: the crime of covering up and concealing criminal proceeds, the crime of proceeds, and the crime of trust. The difference lies in three aspects: subjective knowledge, criminal status, and standard of proof. Specific to the currency circle, the more common situations are: 🔹After the bank card was frozen many times, he continued to buy and sell virtual currencies; 🔹Buying and selling virtual currencies in the market at obviously abnormal prices; 🔹Lending your account after real-name authentication on the exchange to help others trade or cash out; 🔹Receive tasks in social groups such as Telegram groups to help others pay orders and receive rewards... Retail investors currently do not have much risk in personal transactions. The only thing that needs to be noted is that in China, from a certain perspective, the power of investigation is very powerful, and the determination of "subjective knowledge" will be relatively vague. It is best to minimize the number of deposits and withdrawals.

29 days ago
Bitcoinleef
Bitcoinleef
followers

At the request of the Federal Criminal Police Office, one of the accused willingly handed up the bitcoin.According to a statement released by the German police, they have made a preliminary seizure of 50,000 bitcoins (BTC) with a value of $2.17 billion. They have described this move as the greatest cryptocurrency seizure this country has ever made.This allegation is connected to the operation of a website that engaged in piracy in 2013 and was in violation of the Copyright Act. The remaining funds from that endeavor were subsequently turned into bitcoin. It was said in the statement that one of the two suspects willingly handed up the bitcoin to the Federal Criminal Police Office (BKA).However, despite the fact that no formal charges have been brought against the individuals, an investigation into future business money laundering is still underway. “The use of the bitcoins is still up in the air,” the police statement said.In the year 2023, the United States authorities seized bitcoins worth a total of $216 million that were associated with Silk Road, a dark web bazaar that had been shut down in 2013. According to the statistics provided by Arkham, the United States government now has bitcoin worth $9.5 billion.

30 days ago
CryptoPotato
CryptoPotato
followers

German police officers executed a historic crypto seizure earlier this month, claiming over 50,000 Bitcoin (BTC) from two aged men for copyright law violations over a decade ago. Worth $2.1 billion at today’s price, the action represents the largest ever Bitcoin seizure for German authorities, and one of the largest ever executed by law enforcement throughout the world. Massive Bitcoin Piracy Sting Per a police statement on Tuesday, the investigation included support from the Federal Criminal Police Office (BKA), the FBI, and a Munich forensic IT expert company. The accused, who allegedly violated the Copyright Act and engaged in subsequent money laundering, voluntarily handed over their proceeds to digital wallets provided by the BKA. They included a 40-year-old German man and a 37-year-old Polish man, both responsible for running “a leading German company until the end of May 2013.” “They are said to have purchased Bitcoins with the proceeds,” the statement read. “No further information will be provided until the investigation is completed.” No decision has been made thus far on what to do with the reclaimed coins. In May 2013, Bitcoin traded for roughly $100 apiece, meaning the entire BTC stash would have been worth about $5 million at the time. Bitcoin has appreciated over 400x since then, trading for $43,500 at writing time. Record-Breaking Bitcoin Seizures The asset’s tremendous growth has culminated in multiple record-shattering financial seizures across the world, due to large stashes of ill-obtained coins from Bitcoin’s early days being reclaimed at far higher values years later. A leading example is that of the 50,000 Bitcoin seized by the U.S. Department of Justice (DOJ) in November 2021, related to the darknet marketplace Silk Road that was taken down in 2013. Worth just a few million dollars at the time, the value of the coins soared to $3.36 billion by the time they were seized. The U.S. government has since decided to incrementally sell that stash on Coinbase in several batches. An additional batch of roughly 2900 Silk Road-connected coins was claimed last year, which the government plans to dispose of once the grace period for migration claims has passed. Months after the Silk Road seizure, the government topped its previous record by seizing 120,000 BTC connected to the 2016 Bitfinex hack. Between the time of the hack and their subsequent seizure, their value surged from $74 million to $4.5 billion. The post German Police Seize $2.1 Billion (50K BTC) From German Pirates appeared first on CryptoPotato.

30 days ago

Loading...