Tag Archives: Authorities

In the latest development of the saga between Binance and Nigerian authorities, the executive who fled from Nigerian custody at the end of March has been traced to Kenya by the Federal Government. According to local reports, authorities are starting the extradition process and interrogating the guards in charge of …

In a significant development, the Canadian province of British Columbia seeks to employ an unexplained wealth order (UWO) against Michael Patryn, co-founder of the Quadriga Coin Exchange (QuadrigaCX).  The UWO is a newly introduced court order that compels individuals to disclose the source of their assets. The Minister of Public …

Nigeria has initiated a bold request to Binance, the world’s leading crypto exchange. The Nigerian government has called upon the exchange to provide comprehensive data on its top 100 users based in the country, alongside a detailed transaction history spanning the last six months. This development emerges amidst allegations against …

The latest Netflix documentary Man on the Run, which released on January 5, 2024, showcases a shocking tale of corruption and betrayal. Interestingly, the man under the spotlight is a mysterious Malaysian businessman named Jho Low. Low is an international fugitive wanted by authorities for his involvement in the infamous 1MDB scandal. …

Bernstein analysts are not the only experts who believe Binance will remain the world’s leading crypto exchange despite the recent settlement with the US authorities. In the aftermath of Binance’s recent settlement with the United States government, industry analysts at Bernstein are confident the company will continue to maintain its …

Israeli authorities have frozen several cryptocurrency accounts allegedly linked to the Palestinian militant group Hamas. The operation was carried out in collaboration with the crypto exchange Binance, highlighting an increasing global trend towards monitoring and regulating digital currencies to prevent their misuse for illicit activities. Binance Assists Israeli Police in …

Bitsonic CEO and its President have been accused of stealing users funds through the exchange and moving them to a shell company in Singapore. South Korea’s local news publication Chosun Biz recently reported that the South Korean police arrested Bitsonic CEO Jinwook Shin on Monday, August 7, 2023. Shin was …

Worldcoin has lost its documents and machines in Nairobi to Kenyan police and other authorities in a recent raid. Authorities in Kenya’s capital of Nairobi have conducted a raid of the Worldcoin warehouse on Saturday. Kenyan police seized several documents and devices belonging to the crypto and blockchain company. According …

The ban crypto transactions in Kuwait is reportedly part of a broader regulatory initiative that involves multiple supervisory authorities, including the Ministry of Commerce and Industry, the Central Bank of Kuwait, and the Insurance Regulatory Unit. Kuwait, a country in West Asia, has taken a stringent step in its regulatory …

The Danish Financial Supervisory Authority (FSA) has ordered Saxo Bank to dispose of its inventory of crypto assets, following a decision that the bank’s trading in these assets at its own expense is found to be outside the “legal scope” of banks. The bank had been holding a portfolio of …

UK legislators have moved to consider changes in the previously introduced Economic Crime and Corporate Transparency Bill. The legislation, aimed at empowering authorities to seize crypto assets linked to criminal activities, underwent a third reading at the UK upper parliamentary house, the House of Lords, on July 4. UK Lawmakers …

While the crypto industry has appeared to be in need of constant access to traditional banks like never before especially following the collapse of these major crypto-friendly US banks – Silvergate, Silicon Valley, and Signature, Singapore authorities seem to not be shying away from the fact but instead look to …