Federal Authorities Open $7M Recovery Process for Cryptocurrency Fraud Victims
U.S. authorities have secured $7 million from cryptocurrency fraudsters who used fake trading platforms and social engineering to scam investors. Victims can now reclaim their lost funds through a formal government petition process to verify their claims.
UK Government Weighs $6.27B Bitcoin Sale from Seized Criminal Assets
The UK Treasury is contemplating the sale of $6.27 billion worth of seized Bitcoin to address national debt, following Germany's precedent. The cryptocurrency assets, mainly confiscated from money launderer Jian Wen, could provide significant financial relief if liquidated.
Russian Crypto Mixer Operators Face Money Laundering Charges in Major International Bust
Three Russian nationals have been indicted for operating Blender.io and Sinbad.io cryptocurrency mixing services that allegedly laundered funds from cybercrime operations. Two suspects are in custody following an international law enforcement operation that dismantled the platforms linked to ransomware and North Korean hackers.