South Korean Police Bust $360 Million Cryptocurrency Scams
Police in South Korea announced the elimination of two fraudulent cryptocurrency schemes whose organizers managed to lure investors for about $360 million. Suwon County Prosecutor's Office said the originators of one of the scams positioned themselves as a P2P site for tr ...
Understanding Ragpulls: Fraudulent Schemes in the Crypto Market
This is part of a new IRS-CI program It launches next month The IRS Investigations Division (CI) is introducing a cybercrime pilot program in June. They will send their representatives (cyber-attaches) to four continents. These specialists will fight tax and f ...
Understanding Ragpulls: Fraudulent Schemes in the Crypto Market
Any value market has its own fraudulent schemes. Precious stones, for example, are synthesized and paper bills are counterfeited. There are similar schemes in the crypto market. One of them is ragpolls. What is a ragpull Talking ...
US Anti-Cryptocurrency Enforcement Team Declares “War” on Violating Exchanges
The head of the NCET, Eun-Yong Choi, said The department is interested in large platforms that violate AML and KYC rules The head of the US Justice Department's National Anti-Cryptocurrency Enforcement Team (NCET) Eun-Yong Choi declared "war" on CEX. She threa ...