Crime

Inflows to Russia-based crypto exchange Garantex accounted for 82% of the crypto volumes that belonged to sanctioned entities internationally, the report added.

By Camomile Shumba

Jul 25, 2024 at 12:00 p.m. UTC

Jul 25, 2024

RegulationsRussiaCrimeSanctions

Policy

Regulations

2 Promoters of Forcount Crypto Ponzi Scheme Plead Guilty to Wire Fraud Conspiracy

Promoters of the Brazil-based crypto scam stole a collective $8.4 million from Spanish-speaking investors around the world.

By Cheyenne Ligon

Jul 23, 2024 at 4:20 p.m. UTC

Jul 23, 2024

RegulationsPonziCrime

Policy

Regulations

UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business

The two suspects were interviewed under caution by the FCA and then released on bail.

By Camomile Shumba

Jun 20, 2024 at 12:14 p.m. UTC

Jun 20, 2024

RegulationsUKCryptoFCACrime

(Photos from Smorshedi/Wikimedia Commons and CoinDesk/Flickr, modified by CoinDesk)

Policy

Regulations

Former Binance CEO CZ Begins 4-Month Prison Sentence in California

Lompoc II, the California prison where CZ will serve his sentence, is a low-security facility.

By Cheyenne Ligon

Jun 3, 2024 at 5:33 p.m. UTC

Jun 3, 2024

RegulationsCZBinanceCrimeChangpeng "CZ" Zhao

(Shaleah Craighead/Wikimedia Commons, modified by CoinDesk)

Markets

Trump

Crypto Bettors Lay 17% Odds on Donald Trump in Jail Before Election Day

Gamblers have placed almost $900,000 in bets on the “Trump in jail before election day?” market on the predictions application Polymarket.

By Shaurya Malwa

May 31, 2024 at 11:38 a.m. UTC

May 31, 2024

TrumpMarketsBettingCrime

Policy

U.s. treasury

U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'

"Illicit actors can use NFTs to launder proceeds from predicate crimes, often in combination with other methods to obfuscate the illicit source of proceeds of crime," the Tre...

By Jamie Crawley

May 29, 2024 at 7:00 p.m. UTC

May 29, 2024

U.S. TreasuryNFTsFraudCrime

Policy

Money laundering

British-Chinese Money Launder Sentenced to 6 Years in Prison for Role in $6B Fraud: FT

Jian Wen, 42, who was alleged to have carrying out the laundering on behalf of her former boss, was found guilty in March

By Jamie Crawley

May 24, 2024 at 3:39 p.m. UTC

May 24, 2024

Money LaunderingFraudCrime

(fikry anshor/Unsplash, modified by CoinDesk)

Policy

Regulations

Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York

Taiwanese national Rui-Siang Lin, 23 is accused of facilitating $100 million in sales paid through crypto of illegal narcotics, including fentanyl, through the online marketpl...

By Cheyenne Ligon

May 20, 2024 at 9:38 p.m. UTC

May 20, 2024

RegulationsCrimeMoneroDark WebDrugs