The Executive Chairman of the Economic and Financial Crimes Commission, Mr Ola Olukoyede, on Thursday raised concerns over the increasing use of virtual assets such as cryptocurrency by fraudulent politicians and scammers to conceal illicit wealth and perpetrate investment fraud. Speaking at an event to mark the Africa Anti-Corruption Day in Gombe, Olukoyede who Zonal
A businessman attempting to convert cash into cryptocurrency was attacked and robbed of Rs 2 crore by a seven-member gang in MS Palya near Vidyaranyapura on Wednesday evening, reported ToI. The victim has been identified as 33-year-old Harsha V, a resident of Kengeri and the owner of a brokerage firm, Aerivon Oxygen Pvt Ltd, based
Bengaluru: A businessman, who was trying to convert cash into cryptocurrency, was attacked by a seven-member gang and robbed of Rs 2 crore in MS Palya near Vidyaranyapura Wednesday evening.The victim is 33-year-old Harsha V, a resident of Kengeri and owner of a brokerage firm, Aerivon Oxygen Pvt Ltd in Kengeri Satellite Town. He told
Cryptocurrency, like bitcoin, has evolved from a niche payment system in 2009 to a popular investment option today.Bitcoin and other cryptocurrencies are digital currencies bought and sold without traditional banks. “Crypto, and bitcoin in particular, was really started as a payment system that was intended for people just to go shopping with,” said David Yermack,
HYDERABAD The cybercrime unit of Cyberabad police facilitated the refund of cryptocurrency to a victim who had fallen prey to an online investment scam. The recovery marks a first-of-its-kind case where crypto assets lost in cyber fraud were traced and reimbursed, following legal intervention and international cooperation. The case was registered on February 2, 2024.
New Delhi: A Lithuanian man, who was wanted in the US for a massive cryptocurrency fraud, has been arrested in Kerala, officials said on Wednesday. The accused, Aleksej Besciokov, had set up a cryptocurrency exchange ‘Garantex’, allegedly to launder the proceeds of criminal activities such as ransomware, computer hacking, and narcotics transactions. Besciokov was arrested