Europol sounds alarm on rising criminal activities in DeFi and NFT sectors
In a recent report that has sent ripples through the European Union’s financial sector, Europol, the EU’s law enforcement agency, lauded the security and independence offered by blockchain technology. However, the agency simultaneously raised red flags over the increasing criminal activities within the decentralized finance (DeFi) and non-fungible token (NFT) spaces. The report, titled “European […]
Crypto Mixer in trouble after EU law enforcement confirms exchange of $46M
The cryptocurrency mixer ChipMixer’s assets were allegedly seized on March 15 by The European Union Agency for Law Enforcement Cooperation, or Europol, due to the company’s alleged involvement in money laundering operations. In terms of total assets, 1,909.4 Bitcoins were taken. Forty-six million dollars were exchanged in 55 transactions totaling 44.2 million euros. Previously, on […]
Europol seizes crypto wallets worth over $19.5 million from Bitzlato
On Monday, Europol announced that it had confiscated cryptocurrency worth nearly €18 million ($19.5 million), alongside vehicles and electronic equipment, from the Hong Kong-registered crypto exchange platform Bitzlato as part of its continued efforts to combat crime. On January 23rd, Europol also disclosed that about 46% of the 1 billion euro (or $1.09 billion) channeled […]
Europol cripples crypto call center fraudulent activity
European authorities recently exposed a fraudulent network of call centers based in Serbia, Bulgaria, Cyprus, and Germany that lured unsuspecting victims into investing massive amounts of capital in crypto schemes. According to Eurojust’s press release on Thursday, the criminal network scammed countless victims in Germany, Switzerland, Austria, Australia, and Canada out of tens of millions […]
