Bitcoins Seize
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Iran Tackles Unauthorised Crypto Mining After 95 Percent of Bitcoin Mining Devices Found Operating Illegally
Iran’s electricity regulator has revealed that 95 percent of the country’s 427,000 Bitcoin mining machines operate without licences, consuming over 1,400 megawatts of subsidised power daily. Authorities have shut down 104 illegal farms and seized 1,465 devices in Tehran Province alone. A new public-reporting scheme offers cash rewards to citize...
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Chainalysis Flags $75 Billion in Crypto Linked to Illicit Activity; Highlights Asset Recovery Potential
Chainalysis reports that more than $75 billion (Rs. 6,65,000 crore) in cryptocurrency is linked to criminal activity, with $15 billion (roughly Rs. 1,33,000 crore) held directly by illicit actors and $60 billion (roughly Rs. 5,32,000 crore) in downstream wallets. Bitcoin dominates these holdings, while stablecoins and Ether are rising. The data hig...
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CBI Busts Cyber Fraud Racket In Mumbai-Pune, Arrests 3 For Duping Americans
The Central Bureau of Investigation (CBI) has busted a major international cyber fraud syndicate operating from Pune and Mumbai, arresting three accused and seizing digital devices, cash, and narcotics in coordinated raids.
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Should India Follow the US and Establish a Bitcoin Reserve? Polygon, Avail Co-Founders Talk to Gadgets 360
In an interview with Gadgets 360, Polygon and Avail co-founders Sandeep Nailwal and Anurag Arjun share their thoughts on whether India should establish a Bitcoin reserve like the US. Nimen Shah, a senior chartered accountant and international tax advisor from Mumbai, contributed to the discussion by emphasising India’s turbulent history with cryp...
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Donald Trump's Bitcoin Reserve A 'Digital Fort Knox'
"Strategic Bitcoin Reserve" is to be funded by about 2,00,000 bitcoins, worth around $17 billion in total, that have been seized in the US as a result of civil and criminal cases.
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Donald Trump Establishes Strategic Bitcoin Reserve, Crypto Stockpile Utilising Seized Assets
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a separate crypto stockpile. These reserves will be funded exclusively with crypto assets seized during federal investigations, rather than using taxpayer money to acquire new tokens.
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Probe Agency Arrests Man, Seizes Bitcoin Worth Rs 130 Crore In US Requested Probe
The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated on the request of US authorities.
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Businessman Raj Kundra's Cryptic Post After Assets Worth Crores Seized
Businessman Raj Kundra shared a cryptic post about staying calm late last night after the Enforcement Directorate (ED) seized his assets worth Rs 97.79 crore in a probe linked to a Bitcoin ponzi scam.
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Businessman Raj Kundra's Properties Worth Nearly Rs 100 Crore Seized
The Enforcement Directorate (ED) has seized properties worth Rs. 97.79 crore belonging to Raj Kundra in probe linked to a Bitcoin Ponzi scam. Raj Kundra is the husband of actor Shilpa Shetty.
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ED Files Charges Against Chinese-Origin Directors, Others in Crypto Mining App Case
A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.
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6,600 Crores Collected In 'Bitcoin Ponzi Scheme', Woman Arrested In Mumbai
The Enforcement Directorate on Tuesday said it has arrested a woman and seized three luxury cars and some jewellery after recent raids against the promoters of a 'bitcoin ponzi scheme'.
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Cryptocurrency Worth $930,000 Seized by CBI From Ahmedabad-Based Man Who Allegedly Defrauded US Citizen
The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company's fraud department, officials said.
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Indian Man Accused Of Cheating US Citizen, Cryptocurrency Worth Rs 7.7 crore Seized
He allegedly convinced the victim that his account on Amazon was being accessed by unscrupulous elements, and that his social security was being used from four different states to open accounts on the e-commerce platform.
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Binance Moved $346 Million for Seized Bitzlato Crypto Exchange, Blockchain Data Shows
Binance, the world's largest crypto exchange, processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, according to blockchain data. The firm was among Bitzlato's top three counterparties by the amount of bitcoin received between May 2018 and September 2022, the US Treasury's Financial Crimes Enforcement Network (FinCEN)...
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US DOJ Seizes $500,000 From North Korean Hackers Who Targeted US Medical Providers
The US Justice Department has seized about $500,000 (roughly Rs. 4 crore) in ransom payments and cryptocurrencies from North Korean government-backed hackers. US officials believe the hackers either extorted the money from US-based healthcare organisations or used the money to launder ransom payments.
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Iran Tackles Unauthorised Crypto Mining After 95 Percent of Bitcoin Mining Devices Found Operating Illegally
Iran’s electricity regulator has revealed that 95 percent of the country’s 427,000 Bitcoin mining machines operate without licences, consuming over 1,400 megawatts of subsidised power daily. Authorities have shut down 104 illegal farms and seized 1,465 devices in Tehran Province alone. A new public-reporting scheme offers cash rewards to citize...
-
Chainalysis Flags $75 Billion in Crypto Linked to Illicit Activity; Highlights Asset Recovery Potential
Chainalysis reports that more than $75 billion (Rs. 6,65,000 crore) in cryptocurrency is linked to criminal activity, with $15 billion (roughly Rs. 1,33,000 crore) held directly by illicit actors and $60 billion (roughly Rs. 5,32,000 crore) in downstream wallets. Bitcoin dominates these holdings, while stablecoins and Ether are rising. The data hig...
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CBI Busts Cyber Fraud Racket In Mumbai-Pune, Arrests 3 For Duping Americans
The Central Bureau of Investigation (CBI) has busted a major international cyber fraud syndicate operating from Pune and Mumbai, arresting three accused and seizing digital devices, cash, and narcotics in coordinated raids.
-
Should India Follow the US and Establish a Bitcoin Reserve? Polygon, Avail Co-Founders Talk to Gadgets 360
In an interview with Gadgets 360, Polygon and Avail co-founders Sandeep Nailwal and Anurag Arjun share their thoughts on whether India should establish a Bitcoin reserve like the US. Nimen Shah, a senior chartered accountant and international tax advisor from Mumbai, contributed to the discussion by emphasising India’s turbulent history with cryp...
-
Donald Trump's Bitcoin Reserve A 'Digital Fort Knox'
"Strategic Bitcoin Reserve" is to be funded by about 2,00,000 bitcoins, worth around $17 billion in total, that have been seized in the US as a result of civil and criminal cases.
-
Donald Trump Establishes Strategic Bitcoin Reserve, Crypto Stockpile Utilising Seized Assets
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a separate crypto stockpile. These reserves will be funded exclusively with crypto assets seized during federal investigations, rather than using taxpayer money to acquire new tokens.
-
Probe Agency Arrests Man, Seizes Bitcoin Worth Rs 130 Crore In US Requested Probe
The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated on the request of US authorities.
-
Businessman Raj Kundra's Cryptic Post After Assets Worth Crores Seized
Businessman Raj Kundra shared a cryptic post about staying calm late last night after the Enforcement Directorate (ED) seized his assets worth Rs 97.79 crore in a probe linked to a Bitcoin ponzi scam.
-
Businessman Raj Kundra's Properties Worth Nearly Rs 100 Crore Seized
The Enforcement Directorate (ED) has seized properties worth Rs. 97.79 crore belonging to Raj Kundra in probe linked to a Bitcoin Ponzi scam. Raj Kundra is the husband of actor Shilpa Shetty.
-
ED Files Charges Against Chinese-Origin Directors, Others in Crypto Mining App Case
A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.
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6,600 Crores Collected In 'Bitcoin Ponzi Scheme', Woman Arrested In Mumbai
The Enforcement Directorate on Tuesday said it has arrested a woman and seized three luxury cars and some jewellery after recent raids against the promoters of a 'bitcoin ponzi scheme'.
-
Cryptocurrency Worth $930,000 Seized by CBI From Ahmedabad-Based Man Who Allegedly Defrauded US Citizen
The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company's fraud department, officials said.
-
Indian Man Accused Of Cheating US Citizen, Cryptocurrency Worth Rs 7.7 crore Seized
He allegedly convinced the victim that his account on Amazon was being accessed by unscrupulous elements, and that his social security was being used from four different states to open accounts on the e-commerce platform.
-
Binance Moved $346 Million for Seized Bitzlato Crypto Exchange, Blockchain Data Shows
Binance, the world's largest crypto exchange, processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, according to blockchain data. The firm was among Bitzlato's top three counterparties by the amount of bitcoin received between May 2018 and September 2022, the US Treasury's Financial Crimes Enforcement Network (FinCEN)...
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US DOJ Seizes $500,000 From North Korean Hackers Who Targeted US Medical Providers
The US Justice Department has seized about $500,000 (roughly Rs. 4 crore) in ransom payments and cryptocurrencies from North Korean government-backed hackers. US officials believe the hackers either extorted the money from US-based healthcare organisations or used the money to launder ransom payments.
