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The UK will provide $676 million and add 500 officers to its money-laundering crackdown. The Home Office cites crypto, fintech and AI among the forces driving a threat estimated by the NCA at £100 billion a year.
Revolut exposed Bitcoin-related activity, passports, selfies and home addresses after accepting a fraudulent government request as legitimate. CoinDesk reported that no customer funds were lost in the incident.
Iran is reportedly easing currency controls, allowing exporters to use overseas earnings for direct import payments and bring funds home in cryptocurrency while bypassing the official foreign-exchange system.
Malone Lam, a 22-year-old Miami resident from Singapore, pleaded guilty to leading a ring accused of stealing 4,100 bitcoin worth $245 million through online scams and home invasions, CoinDesk reported.
Malone Lam pleaded guilty in a $245 million cryptocurrency theft conspiracy. US prosecutors said he organized an international network that targeted crypto holders through social engineering and home break-ins.
NYPD memos sent to Homeland Security warn that Meta’s smart glasses could be used for covert filming inside jails and police facilities, Decrypt reports. The documents highlight potential privacy and surveillance concerns around the devices.
