#law

UK prosecutors have charged a group of individuals with the kidnapping of Chinese businessman Dylan Huang. Law enforcement reports reveal that the criminals sought a ransom of $15 million in BTC, while subjecting him to threats, physical assault, and confinement for over 30 hours.

Law enforcement repeatedly demanded that Google provide detailed information about viewers of specific YouTube videos. The requests sought addresses, phone numbers, IP addresses, and other private details of users.

Tether, the issuer of the USDT stablecoin, has again provided assistance to US law enforcement by helping to recover about 1.4 million USDT stolen by fraudsters masquerading as technical support. Tether has announced that all recovered funds will be returned to the victims and that the company will maintain its voluntary cooperation with government authorities.

Ladan Stewart, the leader of the SEC's crypto unit, has transitioned from the agency to join the law firm White & Case, Bloomberg reports. In her new role, she will spearhead the development of crypto and cybersecurity practices.

Law enforcement agencies have restricted access to the website of the notorious LockBit ransomware, which became the leading type of attack among similar cyber threats in 2022.

Taiwan's law enforcement agencies have requested the court to authorize the arrest of ACE Exchange's president Chenhuan Wang and four others on accusations of money laundering and fraud. They're also seeking to limit their interaction with others while under detention.

The U.S. Prosecutors have chosen not to pursue extra charges against Sam Bankman-Fried (SBF) regarding bribery of officials, unauthorized money transfers, and bank fraud. Law enforcement determined that this approach was the most pragmatic.

The law enforcement of South Korea is set to confiscate the Belgrade apartment of Terraform Labs' founder, Do Kwon, situated in Serbia. Estimated at $2.2 million, the apartment is in the capital's elite district, populated by high-profile individuals like legislators, police officials, and entrepreneurs.

Following the shutdown of the LockBit hacker group’s website and other actions by law enforcement, including sanctions against numerous fraudulent crypto wallets, analysts have published several key points that might have gone unnoticed:

In China, local governments and law enforcement agencies warned the public against illegal fundraising activities masked as lucrative crypto investments.

In a recent blog post, Tether addressed the United Nations' report, underscoring its active collaboration with international law enforcement bodies.

In Indonesia, miners were found illicitly connecting their Bitcoin mining rigs directly to the power grid poles, effectively stealing electricity. Law enforcement revealed this information after conducting multiple raids across various sites.