Analysis Crypto by Thebittimes.Com

The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has pledged to address the JPEX crypto exchange fraud, which is being called the country’s most significant digital asset deception. The seriousness of the matter was brought to light in a press conference held on Sep. 27. According to local reports, authorities have already made significant headway. Twelve individuals have been apprehended, and asset s worth over 85 million HK$ ($10.8 million), comprising cash and other asset s like real estate and digital currency, have been seized. Hong Kong security chief vows to hunt down ringleader of crypto platform JPEX https://t.co/eBk2tonQTC — South China Morning Post (@SCMPNews) September 27, 2023 Of the arrested, three were associated with JPEX Technical Support Company, while two notable YouTubers, Chan Wing-yee and Chu Ka-fa, were also implicated. The scandal revolves around JPEX, a crypto exchange, which allegedly operated without authorization and deceiv...

FBI seized $1.7 million worth of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Monero (XMR), and stablecoins USDT and DAI in three months. A document published by the US Federal Bureau of Investigation (FBI) revealed about $1.7 million worth of crypto currencies being confiscated from various sources, including Binance accounts. The law enforcement agency seized $147,000 worth of Bitcoin, $800,000 of Ethereum, $307,000 of USDT, $469,000 of DAI, and just $20,000 of Monero. You might also like: Andrew Tate’s bitcoins frozen: Romanian prosecutors confiscate $500k in crypto A total of 428.5 ETH — equivalent to nearly $781,000 — was seized just in the Eastern District of Virginia, a new record. One of those seizures was worth $463,000 on its own. The FBI highlighted that the seizures resulted from the infraction of federal regulations and that the agency “gives notice that the property listed below was seized for federal forfeiture for violation of federal...