The world of cryptocurrency is not just about digital fortunes; it's also becoming a hotspot for real-world crimes. Recently, there's been a surge in "wrench attacks, " where wealthy crypto holders are targeted for their digital wallets. These attacks involve physical violence, making the stakes much higher than just losing money online. These incidents raise a big ...
In a surprising turn of events, a U. S. jury couldn't agree on whether Roman Storm, the creator of Tornado Cash, broke the law by helping criminals hide money. Tornado Cash is a tool that makes cryptocurrency transactions hard to trace. The jury did, however, find Storm guilty of running an unlicensed money business. Storm could spend up to five years behind bars fo...
The cryptocurrency scene has been shaken by a series of kidnappings and violent attacks. The latest incident involved Michael Valentino Teofrasto Carturan, an Italian meme coin millionaire. He was allegedly kidnapped and tortured in a Soho apartment. Two individuals, John Woeltz and William Duplessie, have been arrested in connection with this crime. This event i...
In the heart of Manhattan, a disturbing incident unfolded, involving a young woman with an impressive resume and a crypto investor. Beatrice Folchi, a 24-year-old from Latina, Italy, found herself in the middle of a nightmare. She was arrested at a SoHo penthouse, where an Italian man claimed he was held captive and tortured for nearly three weeks. The goal? To force...
Gary Wang, a co-founder of the now-defunct cryptocurrency exchange FTX, dodged a lengthy jail term. On November 20, 2024, he was sentenced to time served and three years of supervised release for his part in the crypto fraud. He was also ordered to forfeit $11 billion. Wang faced up to 50 years in prison for his crimes, which included conspiracy to commit wire fraud ...
Last week, the crypto world buzzed with news. U. S. Securities and Exchange Commission (SEC) head, Gary Gensler, hinted at his possible departure. Gensler has been under fire for his tough stance on crypto, which led to a lawsuit from 18 states. As President-Elect Donald Trump has vowed to replace Gensler, speculation is rife about who might take his place. Interest...
It's not every day you hear about a rapper involved in a massive crypto heist. But that's exactly what happened to Heather Morgan, also known as Razzlekhan, who got sentenced to 18 months in prison. Her crime? Helping her husband, Ilya Lichtenstein, launder stolen bitcoin worth over $10 billion today. The story starts back in 2016 when Lichtenstein pulled off a big h...
Over the past five years, convictions related to crypto crimes have skyrocketed by a shocking 267%. This is according to the Social Capital Markets, a global initiative aiming for a fair and sustainable economy. The most common offenses include money laundering, fraud, and drug trafficking. In the U.S., over 10% of these convictions result in prison terms of longer t...