Category: Law and Order
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Green Light For Criminal Proceedings Against Swiss Crypto Special Investigator Marti!
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Criminal proceedings may be conducted against Peter Marti, the special investigator in the leak of the federal crypto affair. The Department of Justice and Police (FDJP) has given the go-ahead for this because it cannot be ruled out that the criminal offences Marti is accused of have been committed.
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Recap: The Demise Of The Wolf Of Sofia And His Afterlife!
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The Israeli Gal Barak and his German partner Uwe Lenhoff were arrested in early 2019. They were the leaders of two closely cooperating international cybercrime organizations, which is said to have looted around €100 million annually via illegal online trading platforms. Bulgaria war their headquarters. The arrest of Barak and…
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International Law Enforcement Operation Power Off Shuts Down DDoS Services!
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Europol announced that an international law enforcement campaign called Operation Power Off has shut down approximately fifty of the world’s most extensive booter services that allow users to launch crippling distributed denial of service (DDoS) attacks. Law enforcement agencies in the United States, the United Kingdom, the Netherlands, Poland, and…
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Disgraced Former FTX CEO Sam Bankman-Fried Faced With Criminal Charges And Regulatory Fraud Complaints!
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U.S. authorities have charged disgraced former FTX CEO Sam Bankman-Fried (SBF) with fraud a month after the crypto exchange he founded filed for bankruptcy. Moreover, the U.S. CFTC and the U.S. SEC have filed fraud complaints against SBF and his companies FTX and Alameda Research. The complaints charge them with…
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The Arrest Of FTX Founder Sam Bankman-Fried May Make The Crypto World “Whole Again!”
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For a long time, the Twitter community demanded the arrest of FTX founder Sam Bankman-Fried (SBF) after around a million customers had lost billions with the collapsed crypto exchange. Monday evening, he was now arrested by police in the Bahamas after U.S. prosecutors brought a still-sealed indictment. He is now…
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Yuga Labs And Moonpay: Class Action Lawsuit Over NFT Ads With Celebrities!
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Over 40 people and companies have been named defendants in the class action lawsuit. Among them are Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber and Madonna. Yuga Labs, the company behind Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay, is facing a class action lawsuit for allegedly using…
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U.K. Police Faced With $1.5B Crypto Fraud “Epidemic!”
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Over the past year, cryptocurrency fraud has increased by 32% in the U.K. This is part of a larger “fraud epidemic” that began during the pandemic as people moved their financial activities online, according to a Financial Times report. Crypto-related losses totaled £226 million (or $272 million) from October 2021…
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Corrupted: Crypto News Platform The Block Received $27 Million In Loans From SBF!
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It’s called corruption! The Block announces that Michael McCaffrey has resigned as CEO after failing to disclose $27 million in loans from FTX subsidiary Alameda Research. The crypto publication In a Medium post, The Block’s Bobby Moran wrote that McCaffrey was the only person at the organization who had “knowledge…
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MEP Kaili Suspended From The Party Over A Money Laundering & Corruption Scandal!
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European Parliament Vice President Eva Kaili, a key figure in ongoing efforts to regulate cryptocurrencies in Europe, has been suspended by her party. It comes in response to reports that she and others are allegedly involved in a wide-ranging corruption scandal involving illegal lobbying for Qatar.
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The Trial Against Ex-Chief Braun Started!
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Two and a half years after the spectacular bankruptcy of the financial group Wirecard, the mammoth criminal trial against its former boss, the Austrian Markus Braun, has begun. In one of the biggest financial scandals in German history, Braun and two other former managers of the former DAX company will…