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Finnish police are once again hunting a suspected hacker accused of blackmailing 30,000 psychotherapy patients for more than $500,000 in bitcoin after he gave them the slip when he was released from pre-trial detention. Finnish national Aleksanteri Tomminpoika Kivimäki pleaded not guilty to Hack ing into the database of the Vastaamo psychotherapy center in 2018. Kivimäki allegedly told the center to pay 40 bitcoin , worth around $518,000 at the time of the breach, before sharing private documents in 2020. According to the terms of Kivimäki’s release, he was banned from leaving the Espoo area and was ordered to remain at a certain address between seven in the evening and eight in the morning each day. He was also supposed to report to the police three times a week and be contactable on a certain phone number at all times. However, since prosecutors filed a complaint last week, police have been unable to locate Kivimäki . Finnish police trace crypto to accused blackmailer of ...

Police in German have seized 50,000 bitcoin (BTC) worth over $2.1 billion.  The seizure relates to an investigation against two people who conducted a website piracy operation in 2013. In latest crypto news from Germany , police are reportedly in possession of 50,000 Bitcoin ( BTC ) seized in mid-January as part of an investigation into a website piracy operation. The value of the BTC is currently worth about $2.17 billion and the biggest ever crypto seizures in Germany, police said in a statement published on January 30. CoinDesk reported the story first. Suspect “voluntarily transferred” BTC to police wallets According to the police, the BTC seizure relates to an investigation around copyright infringements via a website established in 2013.  Law enforcement say an operation supported by the Federal Criminal Police Office (BKA), the FBI and a Munich forensic IT expert company, have been looking into the activities of the website th...

KuCoin Ventures and Circle Ventures are among the investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly under investigation in China. The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. Employees of Trust Reserve — the issuer of the Chinese yuan-pegged stablecoin CNH Coin (CNHC) — have been detained by Chinese police , the local blockchain publication PANews reported on May 31. According to the report, Trust Reserve employees have been out of reach since the afternoon of May 29 due to multiple arrests. Some employees’ family members have reportedly been notified about the detentions. PANews also learned that Trust Reserve’s office in Pudong, Shanghai was empty as of May 31. The door was sealed on May 29, with a notice saying, “Judicial seizure, strictly no vandalism.” Trust Reserve’s office in Pudong, Shanghai. Source: PANews Trust Reserve, formerly known as ...

Crypto-related scams in Hong Kong reportedly accounted for more than 50% of the total $407 million stolen from city residents in tech crimes in 2022. Some countries around the world suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022. Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police. The number of crypto-related scams reported in Hong Kong in 2022 equaled 2,336 cases, surging 67% from 1,397 cases recorded by police in 2021, the South China Morning Post reported. Hong Kong scams involving crypto accounted for more than 50% of the total 3.2 billion HKD ($407 million) stolen from city residents in technology crimes, according to the official data from the Hong Kong Police CyberDefender website. In the previous four years, online scammers bagged a similar amount of money or about 3 billion HKD per year. The entire amount of ...