Tag: criminal investigation

  • 792 Individuals Arrested in Nigeria in Major Crypto-Romance Scam Operation

    In recent years, law enforcement investigators have made significant strides in uncovering and dismantling organized criminal networks involved in various fraudulent activities, particularly romance and investment scams. One such network that has come under scrutiny involves the collaboration between foreign individuals and Nigerian recruits in perpetrating these deceptive schemes. The intricate web of deception utilized…

  • Trust Wallet dispels investigation rumors and addresses vulnerability concerns

    Trust Wallet, a popular cryptocurrency wallet, has released a statement denying reports of an ongoing investigation by the US government or its associated agencies. The clarification comes in response to multiple reports suggesting the National Institute of Standards and Technology (NIST), a US agency responsible for establishing technology and cybersecurity standards, is probing potential vulnerabilities…

  • Nexo executives cleared as Bulgarian authorities close money laundering investigation

    Bulgarian Authorities Conclude Investigation into Nexo Executives’ Activities Sofia City Prosecutor’s Office has recently completed a high-profile investigation involving four individuals associated with the Nexo online platform. The investigation, which was initiated on September 29, 2022, focused on allegations of their involvement in an organized criminal group and unauthorized banking activities through Nexo. However, it…

  • IRS Cracks Down on Tax Crimes in the Crypto Sector

    The Internal Revenue Service (IRS) Criminal Investigation unit (IRS-CI) has reported a significant increase in its involvement in crypto-related investigations. According to a statement made by IRS-CI chief Jim Lee to Bloomberg, nearly half of all ongoing investigations into digital assets in the past year have been focused on tax issues. This shift in focus…