crypto crime

US Dept of the Treasury’s Office of Foreign Assets Control Sanctions Individuals, Entities for Attempting to Undermine 2020 US Presidential Election: Report

April 17, 2021 @ 11:00 am By Omar Faridi |

On April 15, 2021, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 16 individuals and 16 entities for “attempting to undermine and influence the 2020 US presidential election,” blockchain security firm CipherTrace noted in a blog post. CipherTrace also mentioned… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged ciphertrace, crypto crime, digital currencies, distributed ledger technology, dlt, karachi, ofac, pakistan, russia, ses, southfront, united states, us, virtual currencies, yevgeniy prigozhin

Chinese Authorities in Guangdong Province Freeze 4,000 Banks Allegedly Linked to OTC Cryptocurrency Desks Engaging in Money Laundering

June 15, 2020 @ 9:13 am By Omar Faridi |

Authorities in China’s Guangdong province have reportedly frozen around 4,000 bank accounts which might be linked to money laundering operations through Bitcoin (BTC) and other cryptocurrencies. Local sources said that Guangdong police officials have identified bank accounts that allegedly belong to virtual currency over-the-counter (OTC)… Read More

Read more in: Asia, Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged china, crypto crime, financial crime, guangdong, illicit actitivies, money laundering, otc trading, over the counter trading

$5 Million Santander Bank Robbery Thwarted in Brazil, as Perpetrators Caught Trying to Convert Funds to Bitcoin

May 11, 2020 @ 7:59 am By Omar Faridi |

A potential $5 million online heist in Brazil had attempted to target Spanish financial giant, Banco Santander, however, it was reportedly stopped after the money was seized from local over-the-counter (OTC) digital currency exchanges. The alleged thieves had tried to convert the stolen money into… Read More

Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged banco santander, bitcoin, bitcoin heist, brazil, btc, crypto crime, latam, otc trading desk, over the counter trading