Crypto crime (financing terror, money laundering, fraud, ponzi, etc.)

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US DOJ considers fairer repayment standards for crypto fraud victims​

The US Department of Justice (DOJ) wants to review the repayment process for digital assets investors who lose money to fraud and other criminal activities. An April 7 memo from the DOJ acknowledged that these investors are not getting the full value of their digital assets.
According to the memo by the Deputy Attorney General (DAG), several crypto firms entered bankruptcy in 2022, causing investors losses. The memo noted that losses in some cases were due to fraud and theft, and the DOJ recovered the proceeds of this criminal activity, including digital assets, through forfeitures.

However, it observed that the increase in the value of digital assets over the period was not reflected in the repayment to the victims, because regulations that require the return of forfeited assets to victims should be at their fair value at the time of the fraud. It said:

More:

https://www.msn.com/en-us/money/sav...S&cvid=62c718eaadff46fd8d90070d31352691&ei=17

 

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Bitcoin RICO: Feds say $265 million crypto theft ring blew $13M on exotic cars, nightclubs​

• Federal prosecutors in Washington, D.C., have charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds.
• More than $265 million in crypto was stolen from the victims, according to a superseding indictment.
• One of the defendants, Malone Lam, was previously charged in connection with the largest of those thefts, which netted about $245 million in crypto from a man in D.C.

Federal prosecutors in Washington, D.C., charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds.

More than $265 million in crypto was stolen from the victims, according to a superseding indictment obtained Thursday by CNBC.

The participants, Americans and foreign nationals who allegedly became friends on online gaming platforms, are accused of spending lavishly after the thefts, including $9 million on exotic cars and $4 million on nightclubs, as well as on multiple rental properties.

One of the defendants, 20-year-old Singapore native Malone Lam, was previously arrested and charged in connection with the largest of those thefts, which netted about $245 million in bitcoin from a man in D.C. in mid-August.

More:

https://www.msn.com/en-us/money/mar...S&cvid=a3e7555b342f4999972ef85638566b5b&ei=18

 

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Amalgam Founder Charged With Running ‘Sham Blockchain’, Taking $1M From Investors

Jeremy Jordan-Jones lied to investors about Amalgam’s purported partnerships with sports teams including the Golden State Warriors, according to prosecutors.

www.coindesk.com

 

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Iranian crypto exchange Nobitex suffered a $81.7 million hack on Tron, Bitcoin, Dogecoin, and EVM chains, marking one of the most significant security incidents of 2025. Blockchain investigator ZachXBT exposed the Nobitex hack and traced the stolen funds to provocative wallet addresses. This Tron crypto scam represents a major crypto exchange security breach that has left thousands of Iranian traders unable to access their funds right now.

The pro-Israel hacker group known as Gonjeshke Darande (Predatory Sparrow) has taken credit for the attack, and this adds a geopolitical dimension to what was initially seen as a purely financial crime.
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Iranian Crypto Exchange Hacked for $81.7 Million By Pro-Israel Group

Iranian crypto exchange Nobitex hacked for $81.7M on Tron. ZachXBT uncovers exploit tied to vanity address in latest crypto security breach.

watcher.guru