On April 4th, 2023, Euler Finance announced that the hacker responsible for draining $200 million in assets had returned all “recoverable funds”. This news came after a successful negotiation between Euler Labs and the hacker. Euler Finance is a decentralized finance (DeFi) lending protocol that was exploited on March 13th by an unknown hacker. The

On Wednesday, Thai police announced they had busted an international gang that operated call centers to deceive older Americans into wiring them money. The scam netted the criminals a staggering $87 million. The 21 suspects were arrested in Thailand with the help of American officials. Five of the suspects were Indian nationals and the other

The Australian parliament is set to introduce a new bill that will regulate the crypto sector. The bill, which was introduced by the government, seeks to provide a framework for the regulation of digital assets and cryptocurrencies in Australia. The proposed legislation would require businesses dealing in digital assets to register with the Australian Securities

On March 26, 2023, four members of an alleged cybercrime syndicate were arrested in Brisbane, Adelaide and Melbourne after they were accused of money laundering $1.7 million from Australian and overseas victims. The Australian Federal Police (AFP) led the investigation into the syndicate’s activities and uncovered evidence that the group had been operating for some

The Australian Federal Police (AFP) have recently announced the formation of a new task force, AVARUS, to tackle large-scale money laundering in Australia. The task force will combine resources from the AFP, AUSTRAC, the Australian Criminal Intelligence Commission and the Australian Border Force to target criminal networks believed to be operating at an unprecedented scale.

Arrest of Do Kwon from Terra Luna Do Kwon, the CEO and founder of Terra Luna, has been arrested on charges of fraud and money laundering. He is accused of deceiving investors by falsely claiming his blockchain-based project was backed by a major venture capital firm. Terra Luna is a cryptocurrency payment network with its