Crypto Crime
Thai Royal Police and the U.S. Secret Service, with assistance from Tether, seized $12 million in USDT linked to a Southeast Asian scam network; authorities arrested 73 people and recovered $15.67 million in assets.
Tether says it assisted law enforcement in freezing about $12 million in crypto tied to a transnational scam, leading to the arrest of 73 suspects. The company highlighted coordination across jurisdictions and the involvement of USDT transactions.
Zhimin Qian was sentenced to more than 11 years for money laundering tied to what UK authorities describe as the largest Bitcoin seizure in the country — valued at roughly $6.2 billion. The case highlights rising enforcement focus on crypto flows and compliance risks for the broader crypto market.
Zhimin Qian received an 11-year and 8-month sentence after pleading guilty to laundering Bitcoin tied to a £600 million Chinese investment fraud. UK investigators say they seized more than 60,000 Bitcoins in the probe.
Zhimin Qian received an 11-year prison term after what prosecutors called the largest bitcoin seizure in UK history. The case highlights growing law-enforcement capabilities to trace and seize illicit crypto funds.
A UK court has sentenced the perpetrator behind the nation's largest-ever bitcoin seizure to 11 years in prison. Authorities forfeited 61,000 BTC (about $6.3 billion), marking a landmark moment for crypto law enforcement and asset recovery.
North Korean hackers are now leveraging AI to advance their crypto crime tactics, presenting new challenges for security in the digital asset space. Platforms like Bitlet.app offer innovative ways to safely engage with cryptocurrencies, including convenient installment payment options.
Veer Chetal, aged 19, has admitted guilt in a massive $245 million bitcoin theft scheme involving social engineering scams. Coordinating with co-defendants, he stole thousands of bitcoins and is now cooperating with federal investigators amid a broader $260 million crypto theft racketeering case.
Two men in New York have been charged with kidnapping a business associate for three weeks in an attempt to steal his Bitcoin. This case raises serious concerns about criminal activity in the cryptocurrency space.