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Massive Crackdown Over Rs 200-Crore Front-Running Scam Linked To Axis Mutual Fund
The Enforcement Directorate (ED) conducted extensive searches across multiple cities over the past two days as part of a widening probe into an alleged front-running scam involving Axis Mutual Fund.
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Probe Agency Summons Rana Daggubati, Prakash Raj, 2 Others In Betting App Case
The Enforcement Directorate has summoned actors Rana Daggubati, Prakash Raj, Vijay Deverakonda and Lakshmi Manchu for questioning in a money laundering case linked to illegal online betting and gambling by certain platforms, official sources said on
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Fake Call Centre Scammed Foreigners, Busted. Assets Attached By Enforcement Directorate
The Patna zonal office of the Enforcement Directorate (ED) has provisionally attached movable and immovable properties worth approximately Rs 2.83 crore under the Prevention of Money Laundering Act (PMLA), 2002.
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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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Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives
Blockchain data firm Chainalysis announced its acquisition of Hexagate this week. Hexagate specialises in providing comprehensive tools for Web3 security, including risk mitigation, forensic analysis, and compliance solutions. Its services support a range of prominent crypto firms, including Coinbase, Polygon, Uniswap, and Consensys, among others.
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FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness
FIU-Nepal has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. In its report, the Nepal Rastra Bank noted conversion of proceeds of fraud to cryptocurrency or for online betting purpose has also been frequently observed.
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Chinese Woman Scams Victims Of Rs 1.77 Crore With Fake Airline Jobs, Uses Plastic Surgery to Avoid Arrest
Reports suggest Xie may have used some of her illicit gains to fund plastic surgery in an attempt to evade arrest.
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Delhi Police Uncovers Renewable Energy Fraud; Binance Aids in Tracing Illicit Funds
In a new development, Binance revealed that it collaborated with Delhi Police to investigate a renewable energy fraud. As a result, 100,000 USDT, equivalent to Rs. 84 lakh, has been seized.
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South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
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Tornado Cash Developer Sentenced to 64 Months in Prison on Charges of Laundering $1.2 Billion: Report
Alexey Pertsev, the developer of controversial crypto mixer Tornado Cash, has reportedly been found guilty of laundering unlawful funds via the platform. Prosecutors have blamed the developer for not doing enough to restrict crypto criminals from exploiting the Tornado Cash platform.
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Yakuza Leader Charged For Trafficking Nuclear Material In US
US authorities said Wednesday they had charged a member of the Japanese yakuza criminal underworld with handling nuclear material sourced from Myanmar and seeking to sell it to fund an illicit arms deal.
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Ex-Air Force Squadron Leader Convicted For Amassing Illicit Assets
A special Court has convicted a former Indian Air Force Squadron Leader for allegedly moving funds for a former Congress MP for a land deal and amassing disproportionate assets worth Rs 40.36 lakh, officials said Monday.
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Vladimir Putin Buys Luxury Mansion, Shares It With "Girlfriend" Alina Kabaeva: Report
The president is thought to have been dating Alina Kabaeva, dubbed "the uncrowned queen of Russia," since the early 2000s.
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Tornado Cash Users to Get Benefits for Proving Their Funds Are Not Stolen, Here’s How
Web3 builder Chainway has launched a new feature called the ‘Proof-of-Innocence', which will reward ethical TORN holders. Proof of Innocence is a tool that allows users to prove that their withdrawals from Tornado Cash are not from stolen funds gathered by illicit activities.
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Bitzlato Co-Founder Arrested by US Authorities Over Alleged Processing of $700 Million in Illicit Funds
Bitzlato Co-Founder Anatoly Legkodymov was arrested by US authorities in Miami on Tuesday on charges that he operated the exchange as an unlicensed money exchange business that "in his own words, catered to 'known crooks,'" according to US officials. Legkodymov's crypto exchange traded money with Hydra Market, an illicit online marketplace for narc...
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Massive Crackdown Over Rs 200-Crore Front-Running Scam Linked To Axis Mutual Fund
The Enforcement Directorate (ED) conducted extensive searches across multiple cities over the past two days as part of a widening probe into an alleged front-running scam involving Axis Mutual Fund.
-
Probe Agency Summons Rana Daggubati, Prakash Raj, 2 Others In Betting App Case
The Enforcement Directorate has summoned actors Rana Daggubati, Prakash Raj, Vijay Deverakonda and Lakshmi Manchu for questioning in a money laundering case linked to illegal online betting and gambling by certain platforms, official sources said on
-
Fake Call Centre Scammed Foreigners, Busted. Assets Attached By Enforcement Directorate
The Patna zonal office of the Enforcement Directorate (ED) has provisionally attached movable and immovable properties worth approximately Rs 2.83 crore under the Prevention of Money Laundering Act (PMLA), 2002.
-
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.
-
Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives
Blockchain data firm Chainalysis announced its acquisition of Hexagate this week. Hexagate specialises in providing comprehensive tools for Web3 security, including risk mitigation, forensic analysis, and compliance solutions. Its services support a range of prominent crypto firms, including Coinbase, Polygon, Uniswap, and Consensys, among others.
-
FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness
FIU-Nepal has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. In its report, the Nepal Rastra Bank noted conversion of proceeds of fraud to cryptocurrency or for online betting purpose has also been frequently observed.
-
Chinese Woman Scams Victims Of Rs 1.77 Crore With Fake Airline Jobs, Uses Plastic Surgery to Avoid Arrest
Reports suggest Xie may have used some of her illicit gains to fund plastic surgery in an attempt to evade arrest.
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Delhi Police Uncovers Renewable Energy Fraud; Binance Aids in Tracing Illicit Funds
In a new development, Binance revealed that it collaborated with Delhi Police to investigate a renewable energy fraud. As a result, 100,000 USDT, equivalent to Rs. 84 lakh, has been seized.
-
South Korea Implements Legal Framework to Protect Crypto Community Against Financial Risks: All Details
South Korea has deployed a list of rules to be followed by crypto companies. This legal framework is aimed at controlling and eventually curbing the exploit of crypto assets for illicit activities like money laundering and terror financing.
-
Tornado Cash Developer Sentenced to 64 Months in Prison on Charges of Laundering $1.2 Billion: Report
Alexey Pertsev, the developer of controversial crypto mixer Tornado Cash, has reportedly been found guilty of laundering unlawful funds via the platform. Prosecutors have blamed the developer for not doing enough to restrict crypto criminals from exploiting the Tornado Cash platform.
-
Yakuza Leader Charged For Trafficking Nuclear Material In US
US authorities said Wednesday they had charged a member of the Japanese yakuza criminal underworld with handling nuclear material sourced from Myanmar and seeking to sell it to fund an illicit arms deal.
-
Ex-Air Force Squadron Leader Convicted For Amassing Illicit Assets
A special Court has convicted a former Indian Air Force Squadron Leader for allegedly moving funds for a former Congress MP for a land deal and amassing disproportionate assets worth Rs 40.36 lakh, officials said Monday.
-
Vladimir Putin Buys Luxury Mansion, Shares It With "Girlfriend" Alina Kabaeva: Report
The president is thought to have been dating Alina Kabaeva, dubbed "the uncrowned queen of Russia," since the early 2000s.
-
Tornado Cash Users to Get Benefits for Proving Their Funds Are Not Stolen, Here’s How
Web3 builder Chainway has launched a new feature called the ‘Proof-of-Innocence', which will reward ethical TORN holders. Proof of Innocence is a tool that allows users to prove that their withdrawals from Tornado Cash are not from stolen funds gathered by illicit activities.
-
Bitzlato Co-Founder Arrested by US Authorities Over Alleged Processing of $700 Million in Illicit Funds
Bitzlato Co-Founder Anatoly Legkodymov was arrested by US authorities in Miami on Tuesday on charges that he operated the exchange as an unlicensed money exchange business that "in his own words, catered to 'known crooks,'" according to US officials. Legkodymov's crypto exchange traded money with Hydra Market, an illicit online marketplace for narc...
