United Kingdom | ForkLog

ForkLog 21 21.02.2024

UK Police Seize 200 LockBit Cryptocurrency Wallets

The UK’s National Crime Agency has revealed details of an operation to seize servers belonging to the hacker group LockBit. Authorities have detained two members of the organisation in Poland and Ukraine. They are accused of conducting ransomware attacks and are currently under arrest, with future court appearances in the US pending. Charges have also […]

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ForkLog 12 20.02.2024

UK Authorities Seize LockBit Ransomware Sites

Darknet sites operated by the hacker group LockBit have come under the control of the UK’s National Crime Agency, reports Bleeping Computer. Authorities confirmed to the media the seizure of resources as part of the ongoing Operation Cronos, involving the FBI, Europol, and colleagues from 11 countries. They promised to provide further details later. Placeholder […]

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ForkLog 23 14.02.2024

UK Regulator Identifies 450 Cases of Illegal Cryptocurrency Advertising

The UK’s Financial Conduct Authority (FCA) issued 450 warnings to cryptocurrency companies over illegal advertising of their products in the last three months of 2023. The violations were recorded between October 8 and December 31. They involved the lack of company registration with local authorities or approval for promoting cryptocurrencies. Additionally, firms failed to include […]

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ForkLog 12 09.02.2024

Hackers Forge Blockchain.com Email for Phishing Scheme

Officers from the NFIB, a police unit in the United Kingdom, reported the blocking of 43 fake domains associated with phishing activities. Among these, law enforcement identified a counterfeit email address purportedly belonging to the cryptocurrency exchange Blockchain.com. This was used by criminals to contact platform users. NFIB did not specify how many of the […]

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ForkLog 9 31.01.2024

Chinese Woman in UK Accused of Laundering $6 Billion in Bitcoin

A Chinese woman residing in London has been accused of laundering $6.3 billion in bitcoin, allegedly obtained by her acquaintance through investment fraud. This was reported by Law360. According to British prosecutors, 42-year-old Jian Wen converted cryptocurrency into cash, real estate, jewelry, and other luxury items. The transactions were conducted for Zhimin Qian, who allegedly […]

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ForkLog 10 19.12.2023

Revolut to ban cryptocurrency purchases for UK business customers

From 3 January 2024, the fintech company Revolut will ban cryptocurrency purchases for UK business customers.

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ForkLog 16 10.11.2023

Kraken converts $2 million in cryptocurrency to reimburse fraud victims.

The Kraken exchange assisted British police in recovering cryptocurrency stolen from IOTA users in 2018.

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ForkLog 7 26.10.2023

Britain approves bill to simplify confiscation of crypto assets

The Parliament of the United Kingdom has passed the Economic Crime and Corporate Transparency Act. It expands authorities' powers to freeze and seize crypto assets.

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ForkLog 9 24.10.2023

Binance UK chief resigns amid regulatory pressure

The head of Binance's UK arm and, concurrently, CEO of its payments firm Bifinity, Jonathan Farnell, left the company in September.

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ForkLog 14 23.10.2023

Two Solana DeFi protocols block British users

Marinade Finance, the largest DeFi protocol on the Solana network, restricted access to the platform for UK users due to 'compliance issues' with FCA rules.

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ForkLog 7 18.10.2023

Britain becomes Europe’s largest crypto economy with about $252 billion in transactions

The annual volume of crypto transactions in the United Kingdom reached about $252.1 billion. This was the highest figure in Europe and the third-largest globally, according to Chainalysis's report.

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ForkLog 9 09.10.2023

Under the new rules. How crypto firms prepared for the new regime

On 8 October, a new cryptocurrency advertising regime came into force in the United Kingdom. The FCA has already flagged non-compliant firms, and firms have updated apps and websites.

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