Cryptocurrency adoption in the United Kingdom has accelerated markedly over the past several years, reflecting broader global enthusiasm for decentralized finance and digital investment vehicles. Retail participation has widened beyond early adopters, while institutional investors and fintech firms increasingly integrate crypto-related products into mainstream financial services. Regulatory oversight has simultaneously intensified, as policymakers seek to… Continue reading Digital Assets Go Mainstream: The Expanding Popularity of Cryptocurrency in the UK
Tag: Fraud
Crypto Ransom Threat Against French Magistrate Sparks Massive Police Operation
A chilling cryptocurrency ransom demand targeting a 35-year-old French magistrate has triggered a sweeping, multi-agency law enforcement response in France. The victim’s partner received a threatening message containing her photograph and a demand for payment in digital assets, accompanied by a warning of mutilation if the ransom was not paid. Authorities were alerted promptly, leading… Continue reading Crypto Ransom Threat Against French Magistrate Sparks Massive Police Operation
Global Illicit Crypto Transactions Surge to Record $158 Billion, New Analysis Finds
Illicit cryptocurrency transactions reached a record $158 billion last year, reflecting a sharp escalation in the misuse of digital assets for criminal and sanctioned activity, according to a new blockchain intelligence assessment. The surge underscores how rapidly evolving financial technologies continue to outpace regulatory and enforcement frameworks worldwide. While unlawful transfers represented only a small… Continue reading Global Illicit Crypto Transactions Surge to Record $158 Billion, New Analysis Finds
ED Arrests Two in BitConnect Crypto Fraud Linked to Kidnapping and Bitcoin Extortion
The Enforcement Directorate (ED) has apprehended two individuals in connection with the high-profile BitConnect cryptocurrency scam, exposing a multi-layered fraud involving kidnapping, extortion, and massive financial losses. Nikunj Pravinbhai Bhatt, 33, and Sanjay Kotadia, 49, were taken into custody under the Prevention of Money Laundering Act by the ED’s Ahmedabad office. Investigations reveal the scheme… Continue reading ED Arrests Two in BitConnect Crypto Fraud Linked to Kidnapping and Bitcoin Extortion
Crypto Fraud Frenzy Sends Ethereum Activity to Record Levels
A major cryptocurrency scam unexpectedly propelled Ethereum network activity to an all-time high, exposing how illicit activity can strain even the most established blockchain ecosystems. As victims rushed to move funds, trace transactions, or interact with fraudulent smart contracts, Ethereum saw a sharp spike in transaction volumes and network fees. The episode highlights both the… Continue reading Crypto Fraud Frenzy Sends Ethereum Activity to Record Levels
Old Scams, New Coins: How Crypto Fraudsters Engineered Rs. 5,800-Crore Losses Using Familiar Deceptions
Cryptocurrency-related fraud has surged sharply, with criminals siphoning off nearly Rs. 5,800 crore from unsuspecting individuals by repackaging traditional scams for the digital age. Despite the technological sophistication of blockchain, many of the most successful crypto crimes relied on age-old tactics such as impersonation, social engineering, fake investment schemes, and emotional manipulation. The losses highlight… Continue reading Old Scams, New Coins: How Crypto Fraudsters Engineered Rs. 5,800-Crore Losses Using Familiar Deceptions
GainBitcoin Probe Takes Dramatic Turn as Auditor Arrested Over Rs 30 Crore Crypto Asset Diversion
The long-running GainBitcoin cryptocurrency fraud investigation has taken a startling turn with the arrest of a forensic audit firm official accused of siphoning off digital assets seized during the probe. Mumbai Police allege that the accused acted in collusion with certain law enforcement personnel to divert cryptocurrency worth nearly Rs 30 crore. The case, which… Continue reading GainBitcoin Probe Takes Dramatic Turn as Auditor Arrested Over Rs 30 Crore Crypto Asset Diversion
India Steps Up Crypto Oversight With Stricter KYC Norms, Mandates Selfies and Geo-Tagging
India has moved to further tighten regulatory oversight of the cryptocurrency ecosystem by introducing enhanced Know Your Customer (KYC) requirements, including mandatory live selfies and geo-tagging. The new measures aim to strengthen identity verification, curb financial crimes, and improve traceability in digital asset transactions. By closing gaps that have allowed misuse of crypto platforms, authorities… Continue reading India Steps Up Crypto Oversight With Stricter KYC Norms, Mandates Selfies and Geo-Tagging
Raj Kundra Summoned in Cryptocurrency Probe as Authorities Intensify Rs. 150 Crore Money-Laundering Investigation
Indian authorities have summoned businessman Raj Kundra in connection with an ongoing investigation into alleged cryptocurrency-related fraud and a suspected money-laundering operation valued at Rs.150 crore. The case marks a significant escalation in regulatory scrutiny of digital asset transactions and financial compliance in India. Investigators are examining fund flows, the structure of crypto investments, and… Continue reading Raj Kundra Summoned in Cryptocurrency Probe as Authorities Intensify Rs. 150 Crore Money-Laundering Investigation
UP Police Crack Down on Major Digital Asset Scam, Two Arrested in Rs.100 Crore Cryptocurrency Fraud
Law enforcement agencies in Uttar Pradesh have arrested two individuals in connection with an alleged cryptocurrency fraud involving nearly Rs.100 crore. The case highlights the growing risks associated with unregulated digital asset schemes and the increasing sophistication of financial crimes in the virtual currency space. Investigators believe the accused lured investors with promises of unusually… Continue reading UP Police Crack Down on Major Digital Asset Scam, Two Arrested in Rs.100 Crore Cryptocurrency Fraud