A U.S. court sentenced Maximilien de Hoop Cartier to eight years in prison for helping launder more than $470 million through an unlicensed crypto exchange. Prosecutors said the network used U.S. banks, shell companies, and crypto accounts to move criminal proceeds overseas. Key Takeaways: Authorities sentenced a French national to eight years for running a […]
XRP price extended losses and traded below $1.380. The price is now consolidating losses and faces hurdles near $1.3840 and $1.40. XRP price started another decline and traded below the $1.3840 zone. The price is now trading below $1.380 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at […]
Tech giant Meta has begun stablecoin payouts to select creators. This signals a cautious return after its earlier high-profile retreat from the stablecoin sector. The feature is currently limited to a select group of creators in Colombia and the Philippines. Eligible users can receive payments in USDC through supported crypto wallets on the Solana and […]
Peter Schiff renewed his attack on Strategy’s Bitcoin accumulation playbook. He argued the firm’s growing share of the supply has done nothing to support the BTC price. The longtime gold advocate posted from outside the Bitcoin 2026 conference in Las Vegas. He claimed his sell warning from last year had been validated by a sharp […]
A large-scale international operation targeting crypto scam networks has resulted in the arrest of at least 276 individuals and the dismantling of nine fraudulent compounds. The coordinated crackdown involved key law enforcement agencies, including the Federal Bureau of Investigation (FBI), Dubai Police, and Chinas Ministry of Public Security, highlighting a growing global effort to combat […]
The cryptocurrency industry is entering a new phase of maturity, according to Miko Matsumura, managing partner at Gumi Cryptos Capital. Speaking at the NBX Warsaw conference, Matsumura argued that crypto has already secured its foundational victories, signaling the end of its so-called wild west era and the beginning of institutional-scale growth. Matsumura believes that core […]
US spot Bitcoin ETFs saw a sharp reversal on April 27, recording $263 million in net outflows and snapping a nine-day streak of positive inflows. This sudden pullback comes after a strong prior week, during which Bitcoin exchange-traded funds جذب approximately $767 million in new capital, signaling a shift in short-term institutional sentiment toward crypto […]
Increased U.S. military presence in the Strait of Hormuz could escalate tensions, disrupt oil supply, and maintain market volatility. The post US Army eyes control of Strait of Hormuz amid rising tensions appeared first on Crypto Briefing.
A Web3 operator that once rode the wave of leveraged DeFi has laid out a blueprint for how crypto projects might survive the post-hype era—by shifting from what it describes as a ‘token casino’ model toward revenue-generating financial infrastructure tied to real-world economic activity. The account centers on the acquisition of Kleva, a Klaytn-based leveraged […]
A Dubai police-led international crackdown on scam rings last week resulted in the arrest of 276 individuals and the shutdown of at least nine crypto scam centers, the US Department of Justice revealed on Wednesday. In a joint operation with the FBI and China’s Ministry of Public Security, Dubai authorities arrested 275 people, with an additional person arrested by the Royal Thai Police. Six people have been charged in connection with the scam centers. Four of the defendants and two fugitive co-conspirators were charged with federal fraud and money laundering in federal court in San Diego, according to the DOJ. If convicted, each offense carries a potential sentence of up to 20 years in prison and hefty fines.“The charges and arrests announced today reflect an international consensus that scam centers are unwelcome everywhere and must be rooted out…. In contemporary society, fraud is borderless, and law enforcement activity to combat it and eliminate it is as well,” said US Assistant Attorney General Andrew Tysen Duva. The FBI reported earlier this month that Americans’ losses from crypto and artificial intelligence-related scams in 2025 exceeded $11 billion, with investment scams flagged as the most damaging.Source: US Department of Justice Criminal Division Scammers used fake crypto investment platforms to deceive victimsAll six defendants are accused of working for three different companies operating the scam centers, promoting fake crypto investment platforms and deceiving victims into making deposits. FBI investigators have identified millions of dollars in losses caused by the criminal network.“Today’s indictment demonstrates the FBI’s determination to identify, disrupt, and dismantle these global scam centers defrauding Americans no matter where they set up shop,” said Special Agent in Charge Mark Remily of the FBI San Diego Field Office. European police shut down scam network with 450 employeesMeanwhile, in a separate police action involving Austrian and Albanian authorities, with support from Europol and Eurojust, ten people were arrested in connection with three scam centers in Tirana and Albania, Europol said on Wednesday.Inside one of the shuttered scam centers. Source: EuropolVictims were drawn in by “seemingly legitimate online investment platforms,” advertised on social media and the promise of profitable investments, according to Europol. Once registered, they were assigned a fake broker who pressured them into making investments. Losses from the scheme are estimated at more than 50 million euros ($58 million) and affected people worldwide.Related: OFAC sanctions Cambodian politician linked to pig butchering scam centers “The scale and professionalism of the criminal network were evident in its structure, which involved up to 450 employees across various departments, including customer acquisition, handled by conversion agents, and customer service, managed by retention agents,” Europol said.“Additionally, the network had dedicated teams for management, finance, IT, human resources and various back-office activities.”Magazine: AI-driven hacks could kill DeFi — unless projects act nowCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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