A new bill in Congress aims to establish a Federal Cryptocurrency Theft Task Force within the Justice Department, months after the disbandment of the National Cryptocurrency Enforcement Team (NCET). The proposal seeks to improve coordination for investigating and prosecuting crypto theft while keeping market regulation separate.
A California crypto mogul, Adam Iza, known as "The Godfather," pleaded guilty to orchestrating an attempted kidnapping of a couple in Connecticut to seize a portion of $245 million in stolen Bitcoin. The plot was linked to the couple's son's involvement in the heist.
In just under three weeks, cyber operatives linked to the Democratic People’s Republic of Korea (DPRK) have stolen more than $500 million from crypto DeFi platforms. This marks a drastic escalation in Pyongyang’s state-sponsored campaign to bankroll its weapons programs through cryptocurrency theft. Drift and KelpDAO drive North Korea's over $500 million DeFi exploits Notably, […] The post North Korea hit crypto for $500M+ this month — and the $6.75 billion threat is not over yet appeared first on CryptoSlate.
