All articles tagged with #crypto crime
The US Secret Service has built an international network to combat crypto crime, seizing nearly $400 million in digital assets over the past decade through digital investigations, training law enforcement worldwide, and collaborating with industry partners to track and recover stolen funds, amid rising crypto-related scams and crimes.
The week saw significant developments in the crypto world, including Metaplanet’s plan to acquire 100,000 BTC by 2026, Gemini’s IPO filing, the arrest of a French crypto kidnapping suspect in Morocco, a court victory for the SEC against a crypto scammer, and James Wynn’s $25M loss on leveraged Bitcoin trading amid market volatility.
A crypto investor in NYC was arrested for kidnapping and torturing a man to access his Bitcoin wallet, highlighting a disturbing rise in physical attacks related to cryptocurrency thefts worldwide, including incidents in London and France involving violent 'wrench attacks' and kidnapping attempts.
Avi Eisenberg has been found guilty of fraud and market manipulation for his $110 million heist from decentralized finance protocol Mango Markets in October 2022. He faces up to 20 years in federal prison and will be sentenced on July 29. The prosecution argued that Eisenberg's actions constituted "brazen" fraud and manipulation, while his defense claimed his trades were legal. Eisenberg is the latest crypto figure to be convicted of fraud, following recent cases involving FTX founder Sam Bankman-Fried and Terraform Labs co-founder Do Kwon.