Tag Archives: fbi

US Agencies Top List of Law Enforcement Requests Sent to Crypto Exchanges

As the crypto industry grows, its increased use by both innocent cryptocurrency investors and malicious cyber criminals does as well. This has prompted government agencies and financial market regulators to take a deeper look at crypto transactions in order to track down potential criminal behavior in hopes of finding evidence that will lead to successful prosecution.

Law Enforcement Requests to Shapeshift Rose 175% in Second Half of 2018

Law enforcement requests sent to Switzerland-based cryptocurrency exchange ShapeShift rose 175 percent in the second half of 2018, according to a new Compliance Transparency report published by the exchange Jan. 18. In a blog post accompanying the report, Shapeshift outlines that it typically receives requests from law enforcement agencies for data including crypto addresses (in or out of… Read More »

Back Pay? No Way: U.S. Federal Contractors Losing $200 Million in Daily Revenue Due to Government Shutdown

U.S. President Donald Trump. Image from Shutterstock U.S. federal government contractors could be losing up to $200 million in delayed or foregone revenue each day the shutdown drags on. In some cases, some contractors have completed work but their invoices can’t be processed as the responsible government agencies, departments or offices are closed. This is now beginning to… Read More »

FBI and Homeland Security Agents Raid Tech Campus Over Unauthorized Crypto Trading

U.S. federal law enforcement authorities are among the most active criminal agencies globally against cryptocurrency infractions. A new example of this is that FBI and Homeland Security agents have reportedly raided a technology campus over unauthorized cryptocurrency trading. Unauthorized Crypto Trading According to several media reports from Grand Rapids, Michigan, agents from the Federal Bureau of Investigation (FBI),… Read More »

Kraken Received 3 Times More Law Enforcement Requests in 2018

Cryptocurrency exchange Kraken has revealed that it has received three times more law enforcement requests in 2018 compared to 2017. The overwhelming majority of requesting authorities is in the US.  A Chokepoint for Law Enforcement San Francisco-based cryptocurrency exchange Kraken has released an infographic displaying the increasing number of law enforcement requests received in 2018. As it turns… Read More »

FBI Arrests AriseBank CEO for $4 Million Crypto-Related Fraud

The U.S. Attorney for the Northern District of Texas has announced that the CEO of AriseBank was arrested by the FBI on Wednesday over more than $4 million crypto-related fraud.AriseBank CEO Jared Rice Faces up to 120 Years in Federal Prison, Says U.S. AttorneyJared Rice, a 30-year old resident from Dallas, Texas, allegedly duped hundreds of investors by… Read More »

FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud

The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam. The new was announced Wednesday by the U.S. Attorney’s Office of the Northern District of Texas, which states that 30-year-old Jared Rice Sr. tricked hundreds of investors out of over $4 million and has now been charged with… Read More »