The post Interpol Crypto Crackdown Uncovers $122.5M Laundering Scheme appeared on BitcoinEthereumNews.com.
A 20-year-old’s cryptocurrency wallet quietly processed more than $122.5 million in just ten months. The money didn’t come from trading or investing — it was the laundered proceeds of romance scams, funneled through multiple blockchains to make the trail disappear. Thai police made two arrests in the case, and it became one of the most striking examples to emerge from INTERPOL’s sweeping crypto crackdown known as Operation First Light 2026. Key takeaways INTERPOL’s Operation First Light 2026 ran from January 15 to April 30, 2026, spanning 97 countries and territories. The operation resulted in 5,811 arrests, the interception of approximately $293 million in illicit assets, and the identification of more than 142,000 victims. A single suspect in Thailand, aged 20, controlled a crypto wallet that processed over $122.5 million in romance-scam proceeds over 10 months. Criminals used c
The post Circle’s USDC Bridge Could Change How Stablecoins Move Across Chains appeared on BitcoinEthereumNews.com.
Circle launches USDC Bridge for direct cross-chain transfers as OCC approves its national trust bank plan. Circle has launched USDC Bridge to help users move USDC directly across supported blockchains. The product is designed to reduce extra steps in stablecoin transfers. The company said the bridge avoids extra asset selection, hidden routing logic, and liquidity pool dependency. This gives users a more direct path between chains. The launch comes as stablecoins remain central to trading, payments, and on-chain settlement. USDC is widely used across apps, exchanges, and DeFi markets. Circle also received final approval from the OCC to form a national trust bank. Its shares rose more than 7.7% in pre-market trading after the announcement. Circle Launches Direct USDC Bridge USDC Bridge gives users a direct way to move USDC across supported networks. The product was built by
Circle launches USDC Bridge for direct cross-chain transfers as OCC approves its national trust bank plan. Circle has launched USDC Bridge to help users move USDC directly across supported blockchains. The product is designed to reduce extra steps in stablecoin transfers. The company said the bridge avoids extra asset selection, hidden routing logic, and liquidity […]
The post Circle’s USDC Bridge Could Change How Stablecoins Move Across Chains appeared first on Live Bitcoin News.
The post INTERPOL Operation First Light 2026 Freezes $293M in Crypto Fraud Sweep appeared on BitcoinEthereumNews.com.
Crypto News A global INTERPOL operation has exposed how digital assets are being weaponized in cross-border fraud, intercepting roughly $293 million in illicit proceeds. Operation First Light 2026 ran from January 15 to April 30 and targeted social engineering scams alongside the money laundering that sustains them. The coordinated campaign spanned 97 countries and territories, resulted in 5,811 arrests, and froze 31,014 bank accounts tied to fraudulent activity. Investigators identified more than 142,000 victims worldwide and resolved 23,715 cases during the sweep. The scale underscores how quickly online fraud has matured into an industrialized, transnational threat, with much of the value moved and obscured through altcoin networks rather than traditional banking rails. At the center of the Thai findings sat a single wallet that processed more than $122.5 million in
The post Global INTERPOL Crackdown Exposes Crypto Laundering Behind Romance Scams appeared on BitcoinEthereumNews.com.
Thai police uncovered a crypto-laundering scheme in which one suspect’s wallet processed more than $122.5 million in proceeds from romance scams, as part of a global INTERPOL sweep. The international police organization’s Operation First Light 2026 ran from January 15 to April 30. It targeted social engineering scams and the money laundering that sustains them. INTERPOL Says Global Fraud Crackdown Uncovered 142,000 Victims According to the news release, the global anti-fraud operation spanned 97 countries and territories, resulting in the arrest of 5,811 suspects and the interception of approximately $293 million in illicit proceeds. Investigators identified more than 142,000 victims and froze 31,014 bank accounts linked to fraudulent activity. The operation also led to the resolution of 23,715 cases, while authorities issued 99 notices and diffusions. INTERPOL said t
In crypto news today (July 10), Bitcoin has continued its rally from yesterday, holding above $63,000 and up 0.8% over the past 24 hours, trading at $63,800. Liquidations continue to drop, sitting at $191M today, down from $282M yesterday, with over $137M of that figure coming from short positions, a flip from yesterday and a..
The post Crypto News Today (July 10): BTC Surging Toward $65K, Polymarket Eyeing Margin Trading, and Interpol Busts $122M Crypto Scheme appeared first on 99Bitcoins.
The post Cardano Dev Activity Grows as ADA Eyes Top 10 appeared on BitcoinEthereumNews.com.
Cardano records 233 weekly code commits, ranking fifth among Layer 1 blockchains as ADA eyes a top 10 return. Cardano recorded 233 code commits over the past seven days, placing it fifth among Layer 1 blockchains. The figure has brought ADA back into market discussion as traders watch project activity. The latest development ranking comes during a period of improving attention around the Cardano ecosystem. Market analysts are tracking whether stronger building activity can support ADA’s wider recovery. Cardano has also seen discussion around ecosystem growth, on-chain activity, and a recovering market value. These factors are being reviewed together, rather than through price action alone. ADA’s possible return to the top 10 cryptocurrencies by market value remains a key market topic. That outcome would depend on continued activity, demand, and broader crypto conditions. Cardano Ranks Fifth
Cardano records 233 weekly code commits, ranking fifth among Layer 1 blockchains as ADA eyes a top 10 return. Cardano recorded 233 code commits over the past seven days, placing it fifth among Layer 1 blockchains. The figure has brought ADA back into market discussion as traders watch project activity. The latest development ranking comes […]
The post Cardano Dev Activity Hits 233 Commits as ADA Eyes Return to Crypto Top 10 Soon appeared first on Live Bitcoin News.
The post Operation First Light 2026 Hits Crypto Launderers, 5,811 Arrested appeared on BitcoinEthereumNews.com.
INTERPOL coordinated arrests across 97 countries in a four-month anti-fraud operation. Authorities intercepted $293 million in fiat and crypto assets. One Thai suspect’s wallet processed over $122.5 million in romance scam proceeds. China’s Ministry of Public Security funded the operation, raising political questions. INTERPOL announced on July 9 that Operation First Light 2026, a coordinated anti-fraud campaign involving 97 countries and territories, produced 5,811 arrests and intercepted $293 million in illicit assets between January 15 and April 30. The operation targeted social engineering fraud, the family of scams that manipulates human trust rather than software vulnerabilities, along with the laundering infrastructure that moves the proceeds. Investigators identified over 142,000 victims worldwide in a four-month window, and the recovered funds cover only a small frac
