Three detained in $10M bank fraud and cryptocurrency laundering operation
Three individuals have been apprehended in connection to a fraudulent scheme involving $10 million, which was subsequently laundered through cryptocurrency exchanges overseas. The U.S. Attorney’s Office for the Southern District of New York and the FBI announced the arrests on Wednesday, November 16. The perpetrators, named as Zhong Shi Gao, Naifeng Xu, and Fei Jiang, […]
Binance and Royal Thai Police uncover $277M from crypto fraudsters
The Royal Thai Police have partnered with leading cryptocurrency exchange, Binance, to recover a staggering $277 million from an alleged group of cryptocurrency fraudsters. Binance supplied critical intelligence to law enforcement agencies, which led to the exposure and dismantling of the criminal syndicate. The operation, dubbed “Trust No One”, resulted in the apprehension of five […]