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Spanish police have claimed that investigating crypto is difficult after arresting a “crypto-jihadist” in Barcelona suspected of owning various crypto addresses linked to terrorist networks funding ISIS. According to Spain ’s Ministry of Interior (MoI), the man was operating various crypto addresses linked to three international terrorist financing networks that fund DAESH — the Arabic acronym for ISIS .  The ministry stated that the use of crypto as a financing tool “promoted by fully specialized crypto-jihadists severely complicate the investigations of the security services.” The MoI also emphasized the importance of international cooperation, calling it “ one of the most decisive instruments to be able to neutralize these networks .” According to the ministry, the ISIS network and its “large economic movements” meant that authorities needed to work closely with the French DGSI, the American FBI, the Swedish SÄPO, and Europol. Hamas victims from the US sue Iran, S...

Hong Kong Police and SFC investigate Hounax, a non-licensed crypto exchange , after receiving 145 reports of fraud. Following the arrest of several individuals linked to the JPEX cryptocurrency fraud, another Hong Kong-based virtual asset trading platform, Hounax, has experienced a rug pull. According to local reports, the Hong Kong Police have received reports from 145 victims, involving a total loss of approximately HK$148 million. You might also like: DOJ doc details length of Binance founder Changpeng Zhao’s possible prison sentence The Securities and Futures Commission (SFC) of Hong Kong revealed that they had received 18 complaints related to Hounax, with the amount involved ranging from HK$12,000 to as high as HK$10 million. Julia Leung, the CEO of the SFC, clarified that Hounax is not a licensed virtual asset trading platform and has not applied for a license from the SFC. Consequently, the SFC lacks the authority to halt its operations but has included the platfor...