US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme

0 0

US, UK, Canada Share 50 Criminal Leads, Including a Potential $1 Billion Ponzi Scheme

Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme.

Officials Share Data on Global Crypto Crime

The heads of tax enforcement from the Joint Chiefs of Global Tax Enforcement (J5) countries met in London this week to share intelligence and data to identify sources of illegal cross-border crypto activity, Bloomberg reported Friday.

The J5 was formed in response to the call to action from the Organisation for Economic Co-operation and Development (OECD) for countries to do more to tackle the enablers of tax crime. It’s comprised of the Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Fiscale Inlichtingen- en Opsporingsdienst (FIOD), HM Revenue & Customs (HMRC), and the Internal Revenue Service Criminal Investigation (IRS-CI).

During the meeting, the officials identified more than 50 crypto-related criminal leads, the publication conveyed.

Jim Lee, chief of criminal investigations at the Internal Revenue Service (IRS), told reporters Friday:

Some of these leads … involve individuals with significant NFT transactions revolving around potential tax or other financial crimes throughout our jurisdictions.

He added that one lead “appears to be a $1 billion Ponzi scheme,” noting that this lead “touches every single J5 country.”

Moreover, the officials have identified leads involving decentralized exchanges and financial technology companies, Lee said, adding that there could be announcements on “significant targets” as soon as this month.

Niels Obbink, chief and general director of the Dutch Fiscal Information and Investigation Service (FIOD), told reporters:

NFTs are one of the new modern digital ways of trade-based money laundering.

Obbink noted that crypto has “less control and less supervision and a limited regulation that makes it vulnerable for fraud.” He stressed, “it must have our attention.”

What do you think about countries sharing data on crypto crime? Let us know in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 30,435.00 1.25%
ethereum
Ethereum (ETH) $ 2,091.93 2.83%
tether
Tether (USDT) $ 1.00 0.09%
usd-coin
USD Coin (USDC) $ 1.00 0.08%
binance-coin
BNB (BNB) $ 305.71 2.25%
xrp
XRP (XRP) $ 0.438317 2.76%
cardano
Cardano (ADA) $ 0.580398 2.87%
solana
Solana (SOL) $ 56.89 4.70%
binance-usd
Binance USD (BUSD) $ 1.01 0.26%
polkadot
Polkadot (DOT) $ 11.13 2.99%
dogecoin
Dogecoin (DOGE) $ 0.091127 3.28%
avalanche-2
Avalanche (AVAX) $ 34.38 3.10%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 30,455.00 1.42%
staked-ether
Lido Staked Ether (STETH) $ 2,059.25 3.21%
tron
TRON (TRX) $ 0.072712 4.40%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 4.30%
dai
Dai (DAI) $ 1.00 0.07%
litecoin
Litecoin (LTC) $ 72.62 7.32%
crypto-com-chain
Cronos (CRO) $ 0.201680 3.49%
matic-network
Polygon (MATIC) $ 0.730265 6.50%
leo-token
LEO Token (LEO) $ 4.96 0.85%
near
NEAR Protocol (NEAR) $ 6.65 0.55%
ftx-token
FTX Token (FTT) $ 32.09 0.17%
bitcoin-cash
Bitcoin Cash (BCH) $ 206.58 3.29%
chainlink
Chainlink (LINK) $ 7.69 2.34%
stellar
Stellar (XLM) $ 0.141410 3.17%
algorand
Algorand (ALGO) $ 0.497415 7.18%
cosmos
Cosmos Hub (ATOM) $ 11.53 3.22%
okb
OKB (OKB) $ 12.89 3.85%
monero
Monero (XMR) $ 174.02 6.08%
flow
Flow (FLOW) $ 3.03 4.99%
ethereum-classic
Ethereum Classic (ETC) $ 21.72 3.38%
apecoin
ApeCoin (APE) $ 8.81 8.72%
uniswap
Uniswap (UNI) $ 5.45 7.25%
elrond-erd-2
Elrond (EGLD) $ 100.41 7.20%
hedera-hashgraph
Hedera (HBAR) $ 0.108939 5.45%
vechain
VeChain (VET) $ 0.032860 5.02%
internet-computer
Internet Computer (ICP) $ 8.60 5.11%
theta-fuel
Theta Fuel (TFUEL) $ 0.071688 2.73%
magic-internet-money
Magic Internet Money (MIM) $ 0.992471 0.30%
decentraland
Decentraland (MANA) $ 1.23 2.61%
filecoin
Filecoin (FIL) $ 8.61 3.19%
axie-infinity
Axie Infinity (AXS) $ 21.65 7.69%
the-sandbox
The Sandbox (SAND) $ 1.38 3.06%
compound-ether
cETH (CETH) $ 42.10 2.28%
tezos
Tezos (XTZ) $ 1.86 3.90%
defichain
DeFiChain (DFI) $ 3.12 2.21%
chain-2
Chain (XCN) $ 0.091721 13.08%
frax
Frax (FRAX) $ 0.998604 0.37%
kucoin-shares
KuCoin Token (KCS) $ 14.88 6.89%
zcash
Zcash (ZEC) $ 115.65 12.61%
maker
Maker (MKR) $ 1,574.24 2.34%
theta-token
Theta Network (THETA) $ 1.40 3.62%
pancakeswap-token
PancakeSwap (CAKE) $ 4.70 3.38%
eos
EOS (EOS) $ 1.38 4.17%
terra-luna
Terra (LUNA) $ 0.000191 1.31%
aave
Aave (AAVE) $ 91.42 7.28%
the-graph
The Graph (GRT) $ 0.181725 2.89%
klay-token
Klaytn (KLAY) $ 0.435875 8.93%
true-usd
TrueUSD (TUSD) $ 1.00 0.16%
huobi-btc
Huobi BTC (HBTC) $ 30,414.00 1.09%
iota
IOTA (MIOTA) $ 0.397324 9.17%
huobi-token
Huobi Token (HT) $ 7.07 0.99%
compound-usd-coin
cUSDC (CUSDC) $ 0.022741 0.06%
bitcoin-sv
Bitcoin SV (BSV) $ 55.73 3.38%
bittorrent
BitTorrent (BTT) $ 0.000001 2.43%
thorchain
THORChain (RUNE) $ 3.41 5.12%
terrausd
TerraUSD (UST) $ 0.090214 4.54%
quant-network
Quant (QNT) $ 74.42 4.25%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.23%
stepn
STEPN (GMT) $ 1.59 9.89%
ecash
eCash (XEC) $ 0.000050 4.92%
helium
Helium (HNT) $ 9.18 4.75%
fantom
Fantom (FTM) $ 0.356498 4.03%
gatechain-token
GateToken (GT) $ 5.73 5.64%
radix
Radix (XRD) $ 0.088089 0.55%
neutrino
Neutrino USD (USDN) $ 0.972282 2.53%
cdai
cDAI (CDAI) $ 0.022121 0.13%
bitdao
BitDAO (BIT) $ 0.848285 0.73%
arweave
Arweave (AR) $ 15.80 1.70%
nexo
NEXO (NEXO) $ 1.40 1.53%
neo
NEO (NEO) $ 11.02 6.36%
zilliqa
Zilliqa (ZIL) $ 0.053160 5.07%
kusama
Kusama (KSM) $ 83.58 12.75%
convex-finance
Convex Finance (CVX) $ 12.22 10.57%
enjincoin
Enjin Coin (ENJ) $ 0.742557 4.06%
waves
Waves (WAVES) $ 6.93 6.13%
amp-token
Amp (AMP) $ 0.014156 2.85%
gala
Gala (GALA) $ 0.089893 3.88%
dash
Dash (DASH) $ 60.83 5.18%
havven
Synthetix Network Token (SNX) $ 2.90 4.92%
chiliz
Chiliz (CHZ) $ 0.120588 4.74%
celo
Celo (CELO) $ 1.46 2.16%
basic-attention-token
Basic Attention Token (BAT) $ 0.416733 4.05%
loopring
Loopring (LRC) $ 0.497798 5.46%
osmosis
Osmosis (OSMO) $ 1.64 0.64%
maiar-dex
Maiar DEX (MEX) $ 0.000121 7.01%
blockstack
Stacks (STX) $ 0.581130 3.03%
pax-gold
PAX Gold (PAXG) $ 1,831.48 0.40%
gnosis
Gnosis (GNO) $ 230.16 2.36%
harmony
Harmony (ONE) $ 0.049525 4.23%
compound-usdt
cUSDT (CUSDT) $ 0.021768 0.00%
xdce-crowd-sale
XDC Network (XDC) $ 0.045559 1.58%
mina-protocol
Mina Protocol (MINA) $ 1.10 4.06%
nem
NEM (XEM) $ 0.061430 4.02%
lido-dao
Lido DAO (LDO) $ 1.52 6.59%
kadena
Kadena (KDA) $ 2.97 1.92%
fei-usd
Fei USD (FEI) $ 1.00 0.33%
curve-dao-token
Curve DAO Token (CRV) $ 1.39 0.95%
decred
Decred (DCR) $ 38.59 0.08%
kava
Kava (KAVA) $ 2.72 13.76%
compound-governance-token
Compound (COMP) $ 73.79 8.56%
frax-share
Frax Share (FXS) $ 8.32 0.94%
nxm
Nexus Mutual (NXM) $ 71.08 2.81%
holotoken
Holo (HOT) $ 0.002715 3.46%
tether-gold
Tether Gold (XAUT) $ 1,867.87 0.52%
tokenize-xchange
Tokenize Xchange (TKX) $ 5.61 2.27%
ecomi
ECOMI (OMI) $ 0.001646 5.98%
qtum
Qtum (QTUM) $ 4.25 5.68%
iostoken
IOST (IOST) $ 0.018244 3.77%
bancor
Bancor Network Token (BNT) $ 1.46 2.50%
oec-token
OKC Token (OKT) $ 25.68 14.39%
juno-network
JUNO (JUNO) $ 8.11 5.53%
1inch
1inch (1INCH) $ 0.956878 3.84%
serum
Serum (SRM) $ 1.26 3.05%
livepeer
Livepeer (LPT) $ 15.29 4.56%
flex-coin
FLEX Coin (FLEX) $ 4.91 0.39%
moonbeam
Moonbeam (GLMR) $ 1.39 6.87%
evmos
Evmos (EVMOS) $ 1.83 1.71%
omisego
OMG Network (OMG) $ 2.58 5.18%
msol
Marinade staked SOL (MSOL) $ 59.42 4.56%
0x
0x (ZRX) $ 0.425823 5.88%
xido-finance
Xido Finance (XIDO) $ 12.68 0.43%
celsius-degree-token
Celsius Network (CEL) $ 0.843963 1.48%
yearn-finance
yearn.finance (YFI) $ 9,991.75 1.76%
liquity-usd
Liquity USD (LUSD) $ 1.00 0.06%
bitcoin-gold
Bitcoin Gold (BTG) $ 19.98 2.65%
rocket-pool
Rocket Pool (RPL) $ 20.94 3.85%
secret
Secret (SCRT) $ 1.99 5.41%
olympus
Olympus (OHM) $ 17.13 3.89%
link
LINK (LN) $ 54.72 0.74%
ravencoin
Ravencoin (RVN) $ 0.031720 5.31%
audius
Audius (AUDIO) $ 0.468856 6.74%
ankr
Ankr (ANKR) $ 0.040749 6.68%
husd
HUSD (HUSD) $ 1.00 0.00%
skale
SKALE (SKL) $ 0.091639 11.15%
bitkub-coin
Bitkub Coin (KUB) $ 3.61 1.88%
convex-crv
Convex CRV (CVXCRV) $ 1.39 1.97%
iotex
IoTeX (IOTX) $ 0.033657 12.09%
ethereum-name-service
Ethereum Name Service (ENS) $ 12.79 21.93%
just
JUST (JST) $ 0.043027 2.97%
everdome
Everdome (DOME) $ 0.025892 2.64%
songbird
Songbird (SGB) $ 0.034115 24.76%
usdd
USDD (USDD) $ 1.00 0.12%
icon
ICON (ICX) $ 0.402432 5.33%
swissborg
SwissBorg (CHSB) $ 0.315621 0.40%
everscale
Everscale (EVER) $ 0.239944 0.36%
oasis-network
Oasis Network (ROSE) $ 0.085034 10.41%
siacoin
Siacoin (SC) $ 0.005647 5.98%
titanswap
TitanSwap (TITAN) $ 2.86 1.30%
dogelon-mars
Dogelon Mars (ELON) $ 0.000001 2.24%
constellation-labs
Constellation (DAG) $ 0.110501 3.66%
safemoon
SafeMoon [OLD] (SAFEMOON) $ 0.000000 2.15%
sushi
Sushi (SUSHI) $ 1.44 12.23%
zencash
Horizen (ZEN) $ 22.21 7.89%
golem
Golem (GLM) $ 0.270277 4.37%
mimatic
MAI (MIMATIC) $ 0.996861 0.08%
synapse-2
Synapse (SYN) $ 1.45 3.26%
wax
WAX (WAXP) $ 0.128900 1.42%
trust-wallet-token
Trust Wallet Token (TWT) $ 0.735969 7.70%
safemoon-2
SafeMoon (SFM) $ 0.000447 8.42%
ontology
Ontology (ONT) $ 0.289685 4.73%
render-token
Render Token (RNDR) $ 0.977813 1.61%
ethos
Voyager Token (VGX) $ 0.850829 1.41%
gemini-dollar
Gemini Dollar (GUSD) $ 1.01 0.19%
astar
Astar (ASTR) $ 0.070243 3.86%
pocket-network
Pocket Network (POKT) $ 0.228363 9.05%
swipe
SXP (SXP) $ 0.486952 6.09%
plex
PLEX (PLEX) $ 0.905164 2.21%
escoin-token
Escoin Token (ELG) $ 3.39 2.95%
smooth-love-potion
Smooth Love Potion (SLP) $ 0.005737 7.24%
tenset
Tenset (10SET) $ 2.57 9.44%
woo-network
WOO Network (WOO) $ 0.208335 6.39%
uma
UMA (UMA) $ 3.30 8.97%
tether-eurt
Euro Tether (EURT) $ 1.05 1.01%
nucypher
NuCypher (NU) $ 0.180019 0.09%
immutable-x
Immutable X (IMX) $ 0.931567 5.92%
kyber-network-crystal
Kyber Network Crystal (KNC) $ 2.14 36.72%
playdapp
PlayDapp (PLA) $ 0.589652 1.93%
apenft
APENFT (NFT) $ 0.000001 4.03%
polymath
Polymath (POLY) $ 0.232594 5.15%
velas
Velas (VLX) $ 0.090518 12.82%
mxc
MXC (MXC) $ 0.085046 10.93%
digibyte
DigiByte (DGB) $ 0.013221 10.26%
illuvium
Illuvium (ILV) $ 310.17 2.94%
hive
Hive (HIVE) $ 0.547592 9.18%
rally-2
Rally (RLY) $ 0.071864 2.08%
casper-network
Casper Network (CSPR) $ 0.040957 0.33%
acala
Acala (ACA) $ 0.479192 1.45%
dydx
dYdX (DYDX) $ 2.01 6.33%