Detroit Man Gets 9 Years for Bitcoin ISIS Funding

A Detroit man has been sentenced to nine years in federal prison for using Bitcoin to finance ISIS operations, marking another significant victory in the U.S. government’s intensified campaign against cryptocurrency-enabled terrorism financing. Jibreel Pratt concealed Bitcoin donations while providing extensive tactical documents on weaponizing drones and organizing intelligence networks, using sophisticated privacy tools to mask his transactions in what authorities describe as a sophisticated attempt to operate “in the shadows.”

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DOJ Launches Strike Force Against $135B Crypto Scams

The U.S. Department of Justice has launched a coordinated federal offensive against international “pig butchering” cryptocurrency scams, revealing these Chinese crime network-operated schemes likely stole $135 billion from Americans in 2024 alone. The newly formed Scam Center Strike Force represents a major shift in strategy, bringing together multiple agencies to dismantle transnational fraud operations that have exploited U.S. crypto infrastructure and social media platforms to victimize thousands.

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Court Rules FBI Not Liable for $345M Bitcoin Wipe

A US appeals court has delivered a landmark ruling that the FBI bears no responsibility for wiping a hard drive containing 3,443 Bitcoin now valued at $345 million, dealing a devastating blow to convicted identity thief Michael Prime. The Eleventh Circuit Court of Appeals found that Prime’s initial denial of cryptocurrency ownership during legal proceedings fundamentally undermined his subsequent claim for recovery, establishing a critical precedent for digital asset declaration requirements in federal cases.

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Operation Ironside Nets $37.9M Crypto in Global Crime Sting

Australian authorities have unleashed a new wave of criminal charges in Operation Ironside, filing approximately 800 counts related to drug trafficking, firearms, and conspiracy offenses while seizing nearly $38 million in cryptocurrency. The global investigation, a collaboration between the Australian Federal Police and FBI, leveraged an encrypted messaging platform secretly controlled by law enforcement to infiltrate organized crime networks. This latest enforcement action follows a critical High Court ruling that validated the use of intercepted communications as evidence, paving the way for what authorities describe as a significant breakthrough in combating sophisticated criminal operations.

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California Fines Coinhub $675K for Crypto ATM Violations

California regulators have delivered a forceful message to the cryptocurrency industry with a $675,000 fine against Bitcoin ATM operator Coinhub for systematic violations of the state’s digital assets law. The enforcement action, which includes $105,000 in consumer restitution for overcharging customers, represents the fourth such crackdown by the Department of Financial Protection and Innovation as it intensifies scrutiny of crypto kiosk operators taking advantage of consumers through excessive fees and inadequate safeguards.

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Bitcoin ATM Jury Duty Scams Cost Victims $7,000

Massachusetts residents lost nearly $7,000 in a sophisticated jury duty scam involving Bitcoin ATMs, highlighting a rapidly growing criminal trend that cost victims nearly $247 million in 2024 according to FBI data. Authorities warn that criminals are increasingly impersonating law enforcement and demanding immediate payments through cryptocurrency kiosks, exploiting the irreversible nature of digital currency transactions to devastating effect.

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Estonians Charged in $575M Crypto Ponzi Scheme

Two Estonian nationals have been detained for allegedly orchestrating a massive $575 million cryptocurrency fraud scheme that targeted hundreds of thousands of investors through fake mining operations. The elaborate Ponzi operation, masterminded by Sergei Potapenko and Ivan Turgin, both 37, used shell companies to launder illicit funds into luxury real estate and high-end vehicles while promising investors lucrative cryptocurrency mining returns that never materialized.

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Polymarket Teases POLY Token After NYSE Parent’s $2B Investment

Polymarket founder Shayne Coplan has ignited crypto speculation with a mysterious hint about a potential native POLY token, coming just days after Intercontinental Exchange—owner of the New York Stock Exchange—confirmed a massive $2 billion investment that values the prediction platform at $9 billion. The timing suggests strategic alignment between traditional finance’s boldest crypto move and Polymarket’s potential token evolution, creating ripples across both crypto and traditional financial circles.

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NYSE Owner ICE Invests $2B in Polymarket Prediction Platform

Intercontinental Exchange, operator of the New York Stock Exchange, is making a strategic investment of up to $2 billion in decentralized prediction market platform Polymarket. The deal values Polymarket at $8 billion pre-investment and marks significant Wall Street validation for the DeFi platform, blending traditional finance’s oldest institutions with cutting-edge prediction markets that have demonstrated approximately 90% accuracy in forecasting real-world events.

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Ethereum Hits $4,203 as Gold Rally Boosts Crypto Sentiment

Ethereum is trading around $4,203 with nearly 2% gains as positive market sentiment spills over from gold’s record highs. The crypto asset shows renewed momentum despite facing significant unstaking pressure that could limit upside potential in the coming weeks, with technical analysis pointing to key resistance at $4,300-4,350 and critical support at $4,000.

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