#crypto-fraud

#crypto-fraud

Two people allegedly linked to China's infamous Salt Typhoon espionage hacking group seem to have previously received training through Cisco's prominent, long-running networking academy. Meanwhile, warnings are increasingly emerging from United States lawmakers in Congress that safeguards on expanded US wiretap powers have been failing, allowing US intelligence agencies to access more of Americans' data without adequate constraints. If you've been having trouble keeping track of all of the news and data coming out about infamous sex offender Jeffrey Epstein,

Kwon cut a solemn figure as he entered the courtroom, his head bowed. He wore a bright lemon-colored prison jumpsuit over a long-sleeve shirt, with cuffs around his waist and hands. In August, Kwon pleaded guilty to defrauding investors who purchased crypto coins issued by his company, Terraform Labs. In May 2022, the abrupt collapse of those coins wiped out $40 billion and sent the crypto economy into a tailspin that bankrupted numerous other companies.

Police said the investigation into Zhimin Qian, 47, led to officers recovering devices holding 61,000 Bitcoin in the largest cryptocurrency seizure in the U.K. Qian, dubbed "cryptoqueen" by British media, was arrested in April 2024 after spending years evading the authorities and living an "extravagant" lifestyle in Europe, staying in luxury hotels across the continent and buying fine jewelry and watches, prosecutors said.

Interpol's latest clampdown on cybercrime resulted in 1,209 arrests across the African continent, from ransomware crooks to business email compromise (BEC) scammers, the agency says. Operation Serengeti 2.0 took place between June and August this year, and the global policing coordinator confirmed today that it seized $97.4 million gained from cybercriminal enterprises across the continent. About $37 million was recovered in Angola, where authorities shut down 25 cryptocurrency mining centers allegedly run by 60 Chinese nationals using illegal power stations to validate blockchain transactions.