Whistleblower Outs ‘Wolf of Kyiv’ for $70 Million Bitcoin Scam

Whistleblower Outs ‘Wolf of Kyiv’ for $70 Million Bitcoin Scam

A whistleblower has revealed a $70 million Bitcoin scam targeting British and Australian investors through fake news stories on Facebook. A whistleblower has revealed the existence of a 200-employee Ukrainian Bitcoin (BTC) trading scam that netted $70 million in 2019. The whistleblower outed the scam by providing footage and internal company documents to Swedish newspaper Dagens Nyheter, which reported the news on March 1. The scam predominantly targets investors based in Australia, New Zealand and the…

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Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

How is the FATF’s AML guidance being implemented around the world, and what is its impact on the crypto industry? It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far?The FATF — an intergovernmental organization tasked with combating money laundering —…

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Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court

Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court

The senior adviser to Silk Road operator Ross Ulbricht had pled guilty to one count of conspiracy to distribute narcotics in a Manhattan Federal Court. A senior adviser to the operator of the Silk Road dark web marketplace has pled guilty to one count of conspiracy to distribute narcotics in a Manhattan federal court. According to a United States Department of Justice press release dated Jan. 30, Roger Thomas Clark was a key figure…

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