Vietnamese police reported on the ONUS cryptocurrency case, seizing over 350 kilograms of gold and silver and freezing eight real estate transactions.
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Ukrainian police have dismantled a suspected cryptocurrency fraud network and seized over $448,000 in cash.
According to Mars Finance, on July 3, Ukrainian media outlet Interfax reported that Ukrainian law enforcement authorities dismantled a suspected cryptocurrency exchange network, seizing over $448,000 in cash. Ukrainian police conducted more than 40 raids in seven regions across the country and detained one suspect.
Brazilian police have dismantled a cryptocurrency money laundering network linked to the PCC, involving nearly $2 billion.
According to Foresight News News, Brazilian federal police launched Operation "Exchange" on Friday, targeting a criminal organization linked to the First Capital Command (PCC), Brazil's Specially Designated Global Terrorist Group (SDGT). This organization is accused of using cryptocurrency and cash to launder money and transfer illicit funds from Florida to Brazil. The operation involved 50 police officers who executed 13 search and seizure warrants and 11 provisional arrest warrants at multiple locations in São Paulo state. Authorities estimate that the criminals laundered nearly $2 billion through this money laundering scheme, mixing peer-to-peer transactions, large bank transactions, and cash transactions. However, as the investigation is ongoing, it has not yet been determined whether any exchanges were involved. On July 1, two suspects, Victor Henrique de Oliveira Shimada and Stella Stefanie Nunes Henrique de Oliveira, who were suspected of involvement in the organization, were added to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list along with three Brazilian companies and one Portuguese company due to their affiliation with the First Capital Command (PCC).
Malaysian police raided and dismantled an illegal cryptocurrency mining operation in the Port Klang Free Zone.
According to Foresight News , citing the Malaysian media outlet New Straits Times, Malaysian police raided and shut down an illegal cryptocurrency mining operation yesterday in a warehouse in the Pulau Indah Free Zone of Port Klang. Two foreign men, aged 20 and 31, were detained during the raid, and mining equipment was seized. Under Malaysian law, this act violates the Penal Code and the Electricity Supply Act. If both are convicted, they could face up to ten years in prison and a fine of RM100,000 (approximately US$24,500).
The U.S. Securities and Exchange Commission (SEC) has issued its final ruling in the NanoBit cryptocurrency fraud case, imposing a fine of over $5 million.
PANews reported on June 30th that, according to The Block, the U.S. Securities and Exchange Commission (SEC) has issued its final ruling against the cryptocurrency platform NanoBit, ordering the company to pay over $5 million in fines. The case was initially filed in September 2024 during the Biden administration. The SEC accused NanoBit and related individuals of impersonating financial professionals in WhatsApp groups between September 2023 and June 2024 to gain investors' trust and induce them to invest in NanoBit, falsely claiming that their affiliated company was an SEC-registered broker. The SEC stated that the purported financial professionals promoted a fraudulent initial coin offering (ICO), but no transactions occurred on the NanoBit platform, and investor funds actually flowed to fraudsters—more than $2 million was transferred to Hong Kong bank accounts, and hundreds of thousands of dollars in cryptocurrency assets were misappropriated.
Gold and silver prices generally fell, while cryptocurrency volatility decreased, with the BVIX down 2.26% on the day.
According to the latest data from Odaily, gold prices fell to $4,143.57 per ounce, a daily drop of 0.97%. Silver prices fell to $61.693 per ounce, a daily drop of 1.24%. The BVIX (BTC Volatility Index) is currently priced at 39.85, down 2.26% on the day. The EVIX (ETH Volatility Index) is currently priced at 54.47, up 2.18% on the day. In the foreign exchange market, the US dollar rose 0.26% against the offshore yuan (USD/CNH) during the day, with the current exchange rate at 6.79888. The US dollar rose 0.7% against the Japanese yen (USD/JPY) during the day, with the current exchange rate at 162.358. In terms of global stock indices, the Euro Stoxx 50 index fell 0.37% to 6379.2 points; the UK FTSE 100 index rose 0.01% to 10659.2 points; and the German DAX 40 index fell 0.44% to 25729.5 points. In commodities, WTI crude oil rose 0.41% to $69.25 per barrel. Brent crude oil rose 0.93% to $72.47 per barrel. Gate allows users to trade traditional financial market products directly within the platform, providing a one-stop solution for various asset classes including precious metals, forex, global equity CFDs, major indices, and commodities, achieving deep integration between crypto assets and traditional financial assets. Gate TradFi functionality is fully integrated into the Gate App and Web platform, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing their diversified asset allocation experience.
A €1.5 million cryptocurrency scam in France has been cracked, with both the mother and son arrested.
PANews reported on July 4th that, according to Nice-Matin, police in the Var department of France have successfully cracked a €1.5 million cryptocurrency fraud case after a year-long investigation, arresting a mother and son involved. The couple used a "Rip Deal" scam, falsely claiming they could purchase luxury homes to lure a wealthy couple from Ramatuelle to Milan, where they were asked to pay a €1.5 million cryptocurrency transaction guarantee fee. During the scam, the suspects used hidden cameras to secretly film and steal the victims' encrypted account information and private keys, subsequently transferring all the cryptocurrency assets. Police arrested the mother and son in Cavaller and simultaneously seized properties worth €1.9 million under their names. Both suspects have multiple prior convictions for fraud and will appear in court on September 1st, facing multiple criminal charges related to organized crime fraud.