Tag: Officers

Indian police officers arrested in $300m crypto scam investigation

Eight persons, including four law enforcement officers, were arrested by India’s special investigation team (SIT) in connection to a massive cryptocurrency fraud scheme dating back to 2018. Detainment of these individuals brought the total arrest tally to 18 as authorities continued to investigate a $300 million crypto scam that affected some 5,000 government employees and around 1,000 police staffers.  Mukesh Agnihotri, deputy chief minister of Indian state Himachal Pradesh, told the public to expect more arrests in connection to the illegal operation which raked in millions from victims spanning several…

Coinbase officers, board members face suit over alleged insider trading during listing

boss

A Coinbase shareholder has filed a stockholder derivative complaint against some of the company’s executives and board members, claiming they profited from inside information during the company’s public listing. CEO Brian Armstrong and well-known venture capitalists are among the defendants. A stockholder derivative complaint is a suit filed against a company on behalf of its stockholders. Coinbase shareholder Adam Grabski filed the suit in the Delaware Court of Chancery on May 1. Grabski bought Coinbase shares on the first day of the crypto exchange’s public listing. According to a redacted…

Thai Immigration Officers Face Arrest for Kidnapping Chinese National and Demanding Ransom in Cryptocurrency

boss

Four Thai immigration officers are facing arrest after allegedly abducting a Chinese national and extorting thousands of dollars in cryptocurrency. According to reports, the Chinese man, along with his female interpreter, was kidnapped by the officers after falling victim to a scam. The victim was reportedly lured into a fake investment scheme and lost a significant amount of money. The immigration officers then approached him and demanded a ransom of nearly US$30,000 in cryptocurrency, threatening to deport him if he didn’t comply. Thai deputy police commissioner Surachate Hakparn said that…

UK police council reports there are officers in every unit trained for crypto enforcement

boss

The detective chief superintendent for the United Kingdom’s National Police Chiefs’ Council (NPCC), Andy Gould, has said all police forces in the country have officers trained for investigations involving the enforcement and seizure of cryptocurrencies. In an Oct. 25 parliamentary debate on the U.K. Economic Crime and Corporate Transparency Bill, Gould said that the country’s police force had the capability to address economic crimes involving crypto, but not the capacity. He reported that the authorities had used 100 million pounds — roughly $116 million at the time of publication — over…

US Treasury to hire crypto policy officers to combat industry crimes

boss

The United States Department of the Treasury is looking for expert advice on cryptocurrencies to tackle legal challenges associated with the industry. The U.S. Treasury’s bureau, Financial Crimes Enforcement Network, or FinCEN, has posted two job applications for crypto policy officers. The agency is seeking professional expertise on crimes related to digital assets. Posted on Dec. 12, the two full-time and permanent positions target experts specializing in crypto-related finance threats and risk in order to “assist in the development of policy responses to these challenges.” FinCEN expects that new policy…

US DoJ Charges 7 Russian Intelligence Officers With Crypto-Funded Hacking Attacks

boss

The U.S. Department of Justice (DoJ) has charged seven officers from Russia’s Main Intelligence Directorate (GRU) with cryptocurrency-funded global hacking and related disinformation operations. The indictment was filed by the grand jury at the Western District of Pennsylvania October 3. The defendants, all of whom are alleged to work for the GRU — a military intelligence agency of the General Staff of the Armed Forces of the Russian Federation — have been charged on multiple counts for alleged “computer hacking, wire fraud, identity theft, and money laundering,” according to a…