Cryptocurrency Seized
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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 Arrests Cyber Criminal, Seizes Cryptocurrencies Worth Rs. 2.8 Crore
The CBI on Wednesday said it has arrested a person as part of a crackdown on a cybercrime racket. Cryptocurrencies worth Rs. 2.8 crore along with unaccounted cash amounting to Rs. 22 lakh were seized from the possession of the accused, Rahul Arora.
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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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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
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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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ED Partners with CoinDCX for Custody Management of Seized Assets
The Enforcement Directorate (ED) has partnered with CoinDCX to manage the custody of crypto assets seized in ongoing investigations. CoinDCX will deploy a specialised team trained in advanced security protocols to assist the ED.
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GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore
The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.
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ED Uncovers Rs. 600 Crore Crypto Fraud, Seizes Rs. 2.18 Crore in Search Operations
The probe was initiated following a newspaper report highlighting the case of Chirag Tomar, an Indian national currently serving a prison sentence in the US for defrauding over $20 million (roughly Rs. 174 crore) from hundreds of victims.
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ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
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Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
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US Government’s Crypto Wallet Holding Seized Bitfinex Funds Hacked: Arkham Intelligence
A US government crypto wallet holding assets seized from the 2016 Bitfinex hack has been compromised by an unidentified hacker, according to Arkham Intelligence.
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Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
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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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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...
-
CBI Arrests Cyber Criminal, Seizes Cryptocurrencies Worth Rs. 2.8 Crore
The CBI on Wednesday said it has arrested a person as part of a crackdown on a cybercrime racket. Cryptocurrencies worth Rs. 2.8 crore along with unaccounted cash amounting to Rs. 22 lakh were seized from the possession of the accused, Rahul Arora.
-
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...
-
FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
-
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.
-
ED Partners with CoinDCX for Custody Management of Seized Assets
The Enforcement Directorate (ED) has partnered with CoinDCX to manage the custody of crypto assets seized in ongoing investigations. CoinDCX will deploy a specialised team trained in advanced security protocols to assist the ED.
-
GainBitcoin Scam: CBI Seizes Cryptocurrencies Worth Rs. 23.94 Crore
The Central Bureau of Investigation (CBI) said it seized significant incriminating evidence and virtual digital assets, unravelling the extent of the cryptocurrency fraud following nationwide searches conducted on February 25-26 in connection with the GainBitcoin scam cases.
-
ED Uncovers Rs. 600 Crore Crypto Fraud, Seizes Rs. 2.18 Crore in Search Operations
The probe was initiated following a newspaper report highlighting the case of Chirag Tomar, an Indian national currently serving a prison sentence in the US for defrauding over $20 million (roughly Rs. 174 crore) from hundreds of victims.
-
ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
-
Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
-
US Government’s Crypto Wallet Holding Seized Bitfinex Funds Hacked: Arkham Intelligence
A US government crypto wallet holding assets seized from the 2016 Bitfinex hack has been compromised by an unidentified hacker, according to Arkham Intelligence.
-
Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
-
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.
