In a surprising turn of events, a South Korean man in his 30s found himself facing a harsher penalty after attempting to appeal his original sentence. The man was initially given a four-year probation period and a suspended two-and-a-half-year jail sentence for his role in laundering approximately $
In 2025, hackers linked to North Korea stole over $2 billion in cryptocurrency, setting a new record. Meanwhile, global law enforcement made significant strides, recovering $439 million and arresting hundreds of money launderers across 40 countries. This raises an important question: Are these crimi
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 muc
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 unlicens
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 Duple
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
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 p
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 G
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 toda
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
