Crypto

Belarus seizes millions of dollars in crypto

Published

10 months ago

May 30, 2022

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Belarus seizes millions of dollars in crypto, according to new investigation claims

The head of the country’s Investigative Committee revealed in a recent interview Belarus has already confiscated crypto assets worth millions of dollars.

As published in Bitcoin news, Belarus had to deal with the challenge of how to seize cryptocurrencies when they were first used in drug trade and later economic crimes.

The head of the nation’s Investigative Committee, told stat-run media that law enforcement agencies had to find a way to confiscate such digital assets.

The former Soviet republic, a close ally of Russia, legalised various crypto activities with a presidential decree which went into force 4 years ago.

Last year, President Alexander Lukashenko hinted at a possible tightening of the country’s crypto regulations, referring to China’s example.

Since the Ministry of Justice adopted a legal procedure last month, the seizure of crypto funds as part have been allowed part of enforcement proceedings.

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Crypto

Celebrities busted over illegal crypto scheme

Published

3 days ago

March 24, 2023

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Agreements have been settled without admitting guilt

Eight celebrities have been busted over allegations they’ve been participating in an illegal crypto scheme.

The stars, including Lindsay Lohan, Logan Paul and Soulja Boy, were all charged following an investigation by the U.S. Securities and Exchange Commission.

Lohan and Paul have reportedly settled the matter without admitting guilt.

But, regardless, it’s just another bad look for the already embattled crypto industry.

Crypto

Crypto fugitive Do Kwon arrested in Montenegro

Published

3 days ago

March 24, 2023

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He was carrying falsified documents at an airport

One of the world’s most wanted crypto fugitives has been arrested in Montenegro.

It’s a long way from home for South Korean entrepreneur Do Kwon, who’s accused of orchestrating a multi-billion-dollar fraud scheme.

Kwon was connected to the TerraUSD stablecoin, which saw $40 billion erased from its holders.

He was reportedly arrested at an airport after carrying falsified documents.

It follows a red notice being issued by South Korea last September.

Crypto

SEC sues Jake Paul over paid crypto promotions

Published

4 days ago

March 23, 2023

ticker NEWS

The issue is linked to Tron founder Justin Sun

The U.S. Securities and Exchange Commission (SEC) is suing YouTube personality Jake Paul over a promotion of cryptocurrencies linked to Tron founder Justin Sun.

The SEC is accusing Paul of a paid promotion of assets without disclosing those payments to the public.

Other celebrities such as Lindsay Lohan, Ne-Yo and Akon and are also being investigated for their involvement.

Meanwhile, the SEC is going after Sun for potential fraud and market manipulation.