Crypto enthusiasts call attention to a cloned video of Cardano founder Charles Hoskinson promoting a fake ADA giveaway on YouTube.
Read more on: https://thecryptobasic.com/2023/12/15/scammers-promote-fake-ada-giveaway-using-ai-cloned-video-of-cardano-founder/
#CardanoUpdate #CryptoCrimeAlert #CryptoCrackdown #CryptoNews🔒📰🚫

India just sent shockwaves through the crypto world, slamming the door on three major exchanges—Bybit, Bitget, and Bitmart! These giants have been yanked from the Google Play Store in a daring move by the Indian government to crack down on offshore platforms that failed to play by the rules.

This is no ordinary move—it's part of a sweeping effort to enforce the Prevention of Money Laundering Act (PMLA) in the digital finance arena. These exchanges have been accused of violating critical AML and CFT regulations, marking them as outlaws in India’s financial landscape.

For traders, this is a wake-up call. The platforms you trusted for seamless trading are now off-limits, all because they didn’t toe the regulatory line. India's message is loud and clear: no compliance, no crypto!

The crypto community is buzzing—some applaud the government’s hard stance to protect the financial system, while others fear the impact on India's booming crypto scene. Where will traders go next? Will these exchanges fight back and comply, or is this the start of a bigger purge?

One thing is for sure: India is dead serious about regulating crypto, and this is just the beginning. Buckle up, traders—the crypto crackdown has only just begun! ⚠️

#CryptoCrackdown #IndiaCrypto #Bybit #Bitget #DOGSONBINANCE #Regulation #CryptoNewss

The Australian Federal Police (AFP) achieved a significant victory in their fight against organized crime by seizing $9.3 million worth of cryptocurrency. The operation uncovered the secret encrypted communication platform Ghost, leading to the arrest of its alleged creator. Using digital forensic analysis, authorities managed to crack the suspect's cryptocurrency accounts. This action is part of an ongoing investigation aimed at dismantling criminal networks and confiscating assets obtained through illegal means.
AFP Seizes $9.3 Million in Cryptocurrency in Operation Kraken
The Australian Federal Police announced that, as part of Operation Kraken targeting organized crime, they seized $9.3 million in cryptocurrency on September 17. The primary focus of the operation was the alleged creator of the encrypted communication platform Ghost, which was used by criminal organizations.
The suspect, a 32-year-old man from Narwee, was arrested and charged with supporting a criminal organization. According to the AFP, the assets were secured after their digital forensics team deciphered the "seed phrase" to the cryptocurrency account following the analysis of digital devices obtained from the suspect's home.
The seized funds were confiscated under the Commonwealth Proceeds of Crime Act.
Successes of Operation Kraken
CACT (Criminal Assets Confiscation Taskforce), established in 2012, works alongside experts from various institutions such as the Australian Taxation Office and AUSTRAC. Since 2019, it has seized criminal assets worth over $1.1 billion. The confiscated funds are held in a forfeited assets account, which supports crime prevention and law enforcement across Australia.
The investigation is still ongoing, and if the seized assets are confirmed as illegally obtained, they may be transferred to Commonwealth ownership.
Criminals Cannot Hide Their Illegal Gains
AFP demonstrated its ability to trace and recover hidden assets. Acting Commander Scott Raven emphasized that criminals will not be able to hide their illegally acquired funds. "Whether you hide them in real estate, cryptocurrency, or cash, we will track them down and take them, leaving you with nothing," he declared.
Results of Operation Kraken
So far, Operation Kraken has led to 46 arrests, 93 search warrants, and the seizure of $2.37 million in cash, along with various weapons.
What are your thoughts on the success of the Australian Federal Police in seizing #illegal cryptocurrency? Share your opinions in the comments.

#CryptoLaw , #cryptocrime , #cryptoregulation , #CryptoCrackdown

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