The post DOJ charges inmate over alleged $290K forfeited crypto theft appeared on BitcoinEthereumNews.com.
The U.S. Department of Justice has charged a federal inmate over the alleged removal of about $290,000 in cryptocurrency forfeited to the government. Summary Prosecutors allege Iossifov moved $290,000 in forfeited crypto while serving a federal prison sentence already. The funds allegedly passed through several crypto exchanges and mixing services to conceal their movement. Iossifov faces up to 25 years if convicted, while all charges remain unproven in court. Bulgarian national Rossen G. Iossifov appeared in federal court in the Eastern District of Kentucky on charges linked to the funds. Prosecutors charged him with removing property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering. DOJ alleges forfeited crypto was moved through mixers According to the Justice Department’s July 9 statement, Iossifov allegedly conspired to transfer the cryptocurr
The post Coinbase and Singapore Police Block $4.2M Crypto Scam Losses in 145+ Rescue Cases appeared on BitcoinEthereumNews.com.
Key Takeaways: In a six-week operation with Singapore Police, Coinbase prevented the loss of over $4.2 million through fake mobile apps. Advanced blockchain analytics identified and protected more than 145 suspected victims of scams. The operation underscores the growing partnership between crypto exchanges and law enforcement agencies in their fight against fraud. Coinbase, the leading U.S. cryptocurrency exchange, announced information about a partnership between it and the Singapore Police Force that helped deter scams involving the loss of over $4.2 million by over 145 individuals. Trust is the foundation we build on at Coinbase. Over the past 6 weeks, Coinbase worked closely with the @SingaporePolice Anti-Scam Centre and Cyber Investigation Branch on a joint anti-scam operation. Together, we stopped 145+ people from losing a combined $4.2M+ to scams.… pic
The post DOJ Says Inmate Moved $290K Through Crypto Mixers appeared on BitcoinEthereumNews.com.
United States prosecutors have charged a man serving a federal prison sentence over the alleged removal and laundering of about $290,000 in crypto assets held in a Kraken account subject to a forfeiture order. The Department of Justice said on Thursday that Rossen Iossifov, a Bulgarian national, conspired in January 2024 to withdraw and transfer crypto that a federal court had ordered forfeited following his 2021 conviction. Prosecutors allege that the assets were moved through illicit mixing services and crypto exchanges before the US could take possession. The case shows how attempts to move crypto after a forfeiture order can trigger fresh criminal charges, even after the underlying conviction. The US Attorney’s Office for the Eastern District of Kentucky said the cryptocurrency was held in an account registered to Iossifov at Kraken and had been restrained during the investigation. The
The post Jailed Fraudster Charged With Moving $290K in Forfeited Crypto From Prison appeared on BitcoinEthereumNews.com.
In brief Rossen Iossifov, a Bulgarian national serving 111 months for laundering nearly $5 million, has been charged with conspiring to move $290,000 in cryptocurrency that a court had ordered forfeited. Prosecutors say he ran the transfers through multiple exchanges and mixing services in January 2024, while already in federal prison. Should he be found guilty of the new charges, Iossifov faces up to 25 years in prison. A Bulgarian man already serving time for one of the larger crypto laundering cases prosecuted in the U.S. has been charged with pulling off another scheme from inside federal prison, allegedly moving $290,000 in cryptocurrency that a court had ordered him to forfeit. Rossen Iossifov, 53, made his first court appearance in the Eastern District of Kentucky this week on charges of removing property to prevent seizure, aiding and abetting, and conspiracy
The post DOJ warns prosecutors of weaker Binance help, rattling global crypto enforcement appeared on BitcoinEthereumNews.com.
Binance, which makes up about 39% of the overall spot trading volume for cryptocurrencies in the month of May, may become harder for investigators to depend on in the near future. The Information, which looked over an internal memo from the US Department of Justice (DOJ), stated that prosecutors dealing with cases regarding cryptocurrency were informed in June that cooperation from Binance may be less than wanted. It has been said that Binance intends to add conditions before fulfilling requests regarding freezing and seizing customer assets. This raises concerns for the digital asset industry as a whole. Being the largest cryptocurrency exchange in the world, Binance has proven to be an essential ally in the pursuit of tracking, freezing, and recovering illicit digital assets that were obtained by way of hacking, ransomware, violating sanctions, and fraud. Any
The post ChangeNOW Review: Everything You Need to Know Before Using It appeared on BitcoinEthereumNews.com.
The post ChangeNOW Review: Everything You Need to Know Before Using It appeared first on Coinpedia Fintech News Centralized crypto exchanges have kept the industry under a tight grip, but the narrative is shifting fast. Traders are weary of unexpected KYC blocks, security breaches, and platforms holding their private keys hostage. This shift explains why instant, non-custodial exchange aggregators are surging in popularity. Sitting at the top of this sector is ChangeNOW. Launched … Source: https://coinpedia.org/information/changenow-review-everything-you-need-to-know-before-using-it/
The halt at AscendEX underscores the growing regulatory challenges for crypto exchanges, potentially impacting market confidence and asset stability.
The post AscendEX halts operations, freezes withdrawals amid EU MiCA regulation appeared first on Crypto Briefing.
