Appellate Court Upholds Fraud Conviction of My Big Coin Founder Randall Crater

by Александр Пирогов | Feb 27, 2024 | Blog News

In a recent ruling by the United States Court of Appeals for the First Circuit, the fraud conviction of Randall Crater, the founder of cryptocurrency project My Big Coin, has been upheld. Crater was sentenced to over eight years in prison following a jury’s...

FSB Urges Global Vigilance Amid Financial Uncertainty and Crypto Oversight

by Александр Пирогов | Feb 27, 2024 | Blog News

Klaas Knot, Chair of the Financial Stability Board (FSB), recently addressed G20 finance ministers and central bankers, highlighting the persistent global financial instability and emphasizing the need for vigilance, particularly in the context of evolving digital...

Australian Crypto Exchange Seeks Recovery of $328,000 After Accidental Deposit

by Александр Пирогов | Feb 26, 2024 | Blog News

An Australian crypto exchange, OTCPro, owned by Rhino Trading, finds itself embroiled in a legal battle to recover approximately $328,000 mistakenly deposited into a user’s account. The error occurred when $653,000 was credited to the user’s account in...

Russian Parliament Considers Legislation for Digital Financial Assets in International Payments

by Александр Пирогов | Feb 26, 2024 | Blog News

Russian parliament members are poised to potentially approve legislation allowing firms in the nation to utilize “digital financial assets” in international payments. The proposed law, excluding cryptocurrencies but encompassing digital assets like the...

Chinese Prosecutors Warn of Rising Cybercrimes Facilitated by Blockchain and Metaverse

by Александр Пирогов | Feb 26, 2024 | Blog News

The Supreme People’s Procuratorate of China has sounded the alarm over a concerning surge in cybercrimes leveraging blockchain technology and metaverse environments. Highlighting the use of cryptocurrencies in money laundering schemes, prosecutors expressed deep...

US and UK Take Action Against LockBit Ransomware Group

by Александр Пирогов | Feb 26, 2024 | Blog News

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has designated multiple wallet addresses linked to two individuals from Russia, Artur Sungatov and Ivan Kondratyev, as specially designated nationals due to their involvement in ransomware...