Search results for: sei

Blockchain data platform, Chainalysis, in a new report confirmed the seizure of $30 million worth of cryptocurrency stolen by North Korean Lazarus group. Of the $622 million in crypto lost due to the Ronin Bridge and Axie Infinity hack in March, the seized assets represent approximately 10% of the stolen funds. This comes after leadingContinue reading “AXS, RON see red despite seizing 10% of Ronin hack funds  “

The United States seized $30 million worth of cryptocurrency stolen by North Korea-linked hackers. The news was  released by blockchain data platform Chainalysis. In a recently published blog, Erin Plante, Senior Director of Investigations, Chainalysis shed further light on the matter. He wrote that Chainalysis’ collaboration with law enforcement and leading crypto organizations has helped theContinue reading “Ronin Bridge Hack: U.S. seizes $30 million worth crypto assets”

Over the last five months, Iran has seized more than 9,400 cryptocurrency mining equipments, while also dealing with power outages over the summer. According to Iran International and Kambiz Nazerian, CEO of Tehran Electricity Distribution Company, these mining rigs were found scattered throughout the city. A majority of that sum is attributable to a massiveContinue reading “Iran: Recent crypto-mining rig seizures fuel new call for regulations”

According to reports, Japan’s Justice Ministry is considering revising an asset seizure statute connected to organized crime. This is expected to include a provision allowing crypto to be hijacked in such cases. A possible modification of the Act on Organized Crimes and the Control of Proceeds of Crime (1999) would allow law enforcement authorities andContinue reading “Will a new Japanese law allow seizure of your crypto?”

The United States Government now controls one of the wealthiest Bitcoin wallets, as the Department of Justice seized $3.6 billion in stolen cryptocurrency from the 2016 hack of crypto exchange Bitfinex. Two individuals were also arrested on Tuesday and charged with conspiring to launder money in connection to the hack worth $4.5 billion. According toContinue reading “2016 Bitfinex hack: U.S arrests accused couple, seizes stolen Bitcoins worth $3.6B”

The Federal Security Service of the Russian Federation along with the Investigation Department of the Ministry of Internal Affairs has reportedly shut down an “organized criminal community.” It noted in a release that a known hackers group REvil or ransomware evil was raided at the appeal of the U.S authorities. And, the searches led toContinue reading “Russia: Authorities crack down upon hackers’ group ‘REvil’, seizes $5.5 million”

Countries around the world have diverse reasons to clamp down on Bitcoin mining, ranging from political fears to financial ones. However, one Southeast Asian country has been cracking down on crypto mining in order to save electricity. Malaysia is known for being highly protective of its electrical resources. Recently, a local news publication reported thatContinue reading “Malaysia: Police charge illegal crypto miners and seize rigs to save charge”

China’s series of crackdowns on Bitcoin mining keeps making headlines within the crypto community. Parts of the country like Anhui and the Yunan Province announced their intention to crackdown on Bitcoin mining earlier this year. Earlier, Sichuan province also announced crackdowns in the city of Ya’an. The area is known for its hydropower abundance, andContinue reading “Authorities seize over 10,000 crypto mining machines in Inner Mongolia, China”

Cardano, one of the market’s largest altcoins, has bounced back satisfactorily well over the past week. The alt had been trading at its one-month low ($1.05) on the 20th of July, but pumped by more than 16% in the week that followed. ADA was valued at $1.38 at the time of writing. At this stage,Continue reading “In the coming months, can Cardano seize a position in the top 3”

The South Korean city of Gyeongju is in the news today after it announced that it is investigating the virtual asset possessions of tax evaders with the help of crypto-exchanges. The city has reportedly witnessed a surge in the number of tax evaders, with local authorities perceiving the crypto-space to be a safe haven forContinue reading “South Korea’s Gyeongju targets tax defaulters via virtual asset seizures”

While the lack of regulations for cryptocurrencies has evolved into a problem in India, crypto-users in the country have not been discouraged yet, with many seeking ways to get on the same page as lawmakers. However, there is a very problematic lack of clarity among users, especially since such regulations (Or lack thereof) make complianceContinue reading “India: Are authorities really seizing crypto hardware wallets?”