CrispyBull

Hong Kong authorities have arrested 12 people and dismantled a HK$118 million cryptocurrency laundering network. The bust highlights the city’s zero-tolerance stance on crypto-linked crime and sends a clear warning to OTC platforms operating in regulatory grey zones.

Hackers stole sensitive customer data from Coinbase and demanded $20 million in ransom. Instead, Coinbase launched a $20 million bounty to unmask them, triggering an FBI investigation.

Militia-backed cyber scam operations in Myanmar are exploiting cryptocurrencies to run billion-dollar fraud schemes, prompting U.S. sanctions. The Karen National Army is at the center of this digital crime network, enabling laundering and trafficking through blockchain anonymity.

A Brazilian court has sentenced Braiscompany CEO Antonio Inácio da Silva Neto to 128 years in prison for orchestrating a $190 million crypto Ponzi scheme, one of the harshest financial crime penalties in the country’s history. The case sets a powerful precedent for global enforcement against crypto fraud, underscoring the risks of unchecked digital finance schemes.

The abrupt collapse of the GPS token, triggered by aggressive sell-offs from a market maker, has left investors scrambling for answers and compensation as Binance moves to confiscate funds and contain the fallout. With questions lingering over the adequacy of reimbursement and growing concerns about market manipulation, the incident underscores the fragility of investor protection in the crypto space.