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Local authorities freeze stolen cryptocurrency in money laundering investigation | eKathimerini.com

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Local authorities freeze stolen cryptocurrency in money laundering investigation | eKathimerini.com

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The Anti-Money Laundering Authority has taken a significant step in a complex investigation involving stolen cryptocurrency, marking the first time in Greece that crypto assets have been frozen and identified as proceeds of crime.

The case has drawn international attention, with the US Federal Bureau of Investigation (FBI) issuing a public alert confirming the freezing of suspicious digital assets.

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The investigation began last month when the Authority received information about a suspicious transaction involving a registered user on a Greek-based cryptocurrency exchange platform.

Further checks revealed that the user’s Ethereum wallet had received a large amount of digital currency,  which was later traced back to a major international theft.

The funds originated from the Bybit hack, disclosed in February, in which hackers stole approximately $1.5 billion worth of Ethereum – the largest theft of its kind to date. This incident surpassed the 2022 Ronin Network breach, in which $620 million in Ethereum and USD Coin were stolen.

Following the analysis, the Authority issued a Seizure Order for the wallet and the crypto assets it contained. The relevant documentation has been forwarded to the Prosecutorial Authority for further investigation.

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SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority

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SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority
The SEC is signaling a decisive push to move U.S. financial markets onto blockchain infrastructure, framing on-chain settlement as a priority upgrade that could reshape post-trade systems and regulatory strategy under Chair Paul Atkins.
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Westlake police say cryptocurrency scam cost woman over $5,000

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Westlake police say cryptocurrency scam cost woman over ,000

WESTLAKE, Ohio – A convenience store clerk at 1:30 p.m. on Nov. 26 alerted a police dispatcher that a female customer was feeding large amounts of cash into a cryptocurrency ATM at the store on Center Ridge Road at Dover Center Road.

The clerk said the customer would not believe the clerk’s warning that she was being scammed.

Officers arrived to find the 71-year-old still “anxiously depositing” cash into the machine. Officers told her to stop, but she did not believe the uniformed men. The officers talked to her for several minutes before she finally believed that there was an issue. She was still on the phone with the scammer at the time.

The incident started that morning when the victim received a pop-up message on her home computer instructing her to call a provided support phone number due to a supposed issue with the computer’s operating system. She called the number and was connected to a man who claimed he was a representative from Apple, according to a police department press release.

The man talked her into allowing him remote access to her computer while he asked for her bank information. The scammer talked the victim into believing that there was a problem with her accounts, and she was at risk of losing $18,000 in connection with pornographic websites out of China or Mexico.

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She was connected to a fake fraud department for her bank, and another scammer persuaded her to go to a bank and withdraw as much cash as they would allow. The scammer even told her to give the teller a story about needing cash to buy a car. The perpetrator kept the woman on the phone as she took out cash and traveled to the crypto ATM. The victim had deposited approximately $5,500 before officers persuaded her to stop. The Westlake Detective Bureau is attempting to recover the lost funds.

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Read more from the West Shore Sun.

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin

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Youtube Expands Creator Monetization Using Paypal USD Stablecoin
Youtube has reportedly begun letting U.S. creators receive payouts in Paypal’s dollar-pegged stablecoin, Paypal USD (PYUSD), signaling a shift toward regulated digital currencies as mainstream payment tools and deepening stablecoins’ role in creator monetization.
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