Dalian Securities Regulatory Bureau and other seven departments: Prevent illegal fund-raising in the name of "virtual currency", "Yuanverse", "wealth sharing", etc.
The Dalian Securities Regulatory Bureau and seven other departments issued a risk warning about preventing illegal fundraising activities under the guise of "virtual currency", "metaverse", "wealth sharing", and other names. Recently, some lawless individuals have used the names of "virtual currency" and "metaverse" to lure investors to download illegal apps and purchase their self-created illegal virtual currency through online WeChat groups and offline national tour meetings, claiming to offer "wealth sharing" opportunities. These activities are suspected of illegal fundraising and fraud, seriously infringing on the property safety of the people and disrupting the order of economic and financial activities.
The U.S. Financial Services Committee will hold a hearing on November 15 to discuss illegal activities in the crypto ecosystem
According to the Financial Services Commission (FSC) of the United States, a hearing will be held on November 15 to explore illegal activities in the cryptocurrency ecosystem. The theme of this hearing is "Cryptocurrency Crime Background: Breaking Illegal Activities in Digital Assets", and attendees will include well-known cryptocurrency entrepreneurs.
DOJ Plans to Seize $54 Million in Crypto Linked to Illegal Drug Ring
The US Department of Justice (DOJ) has revealed its intention to seize cryptocurrency worth millions of dollars that it alleges was obtained through the sale of illegal drugs. The DOJ has filed a forfeiture action against $54m in crypto assets that it claims can be traced back to an illegal drug ring. Christopher Castelluzzo, who is currently in prison, is accused of conspiring with others to sell illegal substances between 2010 and 2015. The DOJ alleges that he converted his earnings into digital assets, including 30,000 Ether during Ethereum's initial coin offering in 2014, which the government now wants to seize.
US Commodities Regulator Pays $16 Million to Whistleblowers, Majority of Tips Involve Crypto
The US Commodity Futures Trading Commission (CFTC) has paid out $16m to whistleblowers this year, with the majority of tips relating to cryptocurrency. CFTC commissioner Christy Goldsmith Romero said that crypto continues to have "pervasive fraud and other illegality". Two whistleblowers received $15m for information that led to successful enforcement cases, but the regulator did not reveal the nature of those cases. Since the programme began in 2014, the CFTC has paid out almost $350m, leading to over $3bn in enforcement sanctions ordered in cases tipped off by whistleblowers.
