In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse.
Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed.
Those who lost money in a 2016 U.S. crypto exchange heist maybe be entitled to additional recoupment.
US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks
The government agency hinted at possible additional sanctions for “financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response” that facilitated ransomware payments.
“I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all,” said Riccardo Spagni.
The National Civil Police later released a statement saying Mario Gómez’s detainment was related to an investigation for financial fraud.
An internal audit released by the United States Postal Inspection Service has recommended that the agency develop a “comprehensive crypto training program” to reduce risks during its investigations.
Changing an intelligence agency’s perspective on crypto crime is the next step toward a successful crypto investigation.
The Swedish prosecutor had argued in court that the man should be stripped of his illicitly earned Bitcoin at the equivalent value in fiat currency at the time of his conviction.