NFT News by Thebittimes.Com

Taiwan’s Criminal Bureau’s Electronic Investigation Team arrested four suspects in a 320 million USDT money laundering scam.  Suspects allegedly often traveled to other Southeast Asian countries to communicate with local fraud groups. The police shared that the main suspect used crypto to launder illegal money, set up fake accounts, and used a separate type of digital asset to cover his tracks. Taiwan’s Criminal Bureau’s Electronic Investigation Team un cover ed one of the largest crypto money laundering cases, involving 320 million USDT. The suspects often traveled to other countries to communicate with local fraud and money laundering organizations.  Taiwan police un cover ed Taiwan’s largest cryptocurrency money laundering case, involving 320 million USDT. Criminal suspects often travel to Hong Kong, the Philippines, Malaysia and other places to communicate with local fraud groups and assist in money laundering.… — Wu Blockchain (@WuBlockch...

Join Our Telegram channel to stay up to date on breaking news cover age Crypto exchange Bitfinex is going all out to re cover $850M frozen funds. The exchange has filed an application with U.S. court in California to issue a subpoena to a former banking executive of a trust company. Will Subpoena help? Bitfinex is looking to get permission for the deposition of Ex-VP of TCA Bancorp Rondell “Rhon” Clyde Monroe. It is also looking to get relevant documents of communication between Monroe’s and Crypto Capital Staffers. As per the documents filed by Bitfinex, it is alleged that Crypto Capital used multiple accounts held with TCA Bancorp to facilitate the transfer of funds, the exchange also believes that Monroe does have documents and info which related to $850M. It should be noted payment processor Crypto Capital’s accounts were frozen due to pending investigation which is being carried out by various government agencies while Bitfinex is under investiga...