NFT News Daily Today TheBitTimes.com

Australian police have arrested a 25-year-old man for reportedly selling illegal drugs on the dark web. The arrest was made in Adelaide Hills, South Australia. Police also seized crypto assets worth approximately $1.5 million and tens of thousands of dollars in cash. You might also like: FTX founder Sam Bankman-Fried’s trial day 2: Recap Detective Superintendent Adam Rice stated that the drug dealer was laundering money through digital currencies. Additionally, the individual was found to be selling a dangerous drug called “nitazene.” However, the criminal’s identity has not been revealed. Per the report, the police have gathered five kilograms of nitazene, “the largest seized in Australia to date.” “They are highly toxic drugs, similar to fentanyl, but which have never been approved for human consumption and they have [a] huge risk of overdose.”  Detective Superintendent Adam Rice added. The detective stated that...

Hong Kong officials have cracked down on purported crypto fraud , arresting six people , including two well-known social media influencers linked to the JPEX platform. The arrests come as a part of an investigation into the Hong Kong-based platform, which has reportedly operated without a valid license and has been at the center of complaints amounting to a staggering 1 billion Hong Kong dollars ($127.8 million). The Securities and Futures Commission (SFC), Hong Kong’s market regulatory body, noted that the unlicensed operations of JPEX have received over 1,408 complaints, drawing a significant spotlight on the hurdles of establishing a crypto hub in the territory. The police have been actively investigating the matter, responding to a wave of discontent from users who have reportedly lost substantial assets. You might also like: Hong Kong arrests celebrity linked to JPEX amid investigations In a recent blog post, JPEX attributed its liquidity challenges to what t...

Israeli police are accusing Moshe Hogeg of fraud and allege that he was involved in a $290 million crypto scam. They now want state prosecutors to charge him. According to local reports, police claim that Hogeg might have committed multiple crimes, ranging from wire fraud, theft, money laundering, and sex-related offenses where he raised $290 million by primarily scamming investors to participate in fake crypto projects. You might also like: Crypto scams on the rise, government institutions call for regulatory clarity| Weekly recap In November 2021, he was apprehended and placed under house arrest after being linked with multiple crypto scams. Over the course of two years, police thoroughly investigated his involvement in crypto scams in the process interviewing 180 individuals suspects. Law enforcement also confiscated assets and funds in various countries. Hogeg has since denied all allegations, viewing the situation as a grave injustice. He is best known for b...