What you need to know about the confiscated cryptocurrency in Russia?
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On May 30, the State Duma adopted a law on the confiscation of property obtained as a result of hacker attacks and other crimes in the field of computer information. Under the new law, property and money will be confiscated from those who “illegally gained access to computer information protected by law”, and the act entailed “destruction, blocking, modification or copying of computer information” and major damage. If the offender acted out of selfish interest, or the cyberattack was committed by prior agreement or using his official position, he also faces confiscation, RBC Crypto writes. Confiscation is understood as the
The trial against Sam Bankman-Fried for the failure of FTX is coming to an end: prosecutors have requested a sentence of 40 to 50 years in prison, and a fine of 11 billion dollars which includes the confiscation of assets. FTX: Sam Bankman Fried and the 50-year prison sentence In…
The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
AI SummaryShowFCA obtained £851,402.27 in confiscation orders, splitting £603,404.28 to Bedi and £247,997.99 to Mavanga.Defendants have three months to pay; non‑payment could add up to five years for Bedi, two for Mavanga.FCA will distribute recovered funds to 65 victims who lost £1.54 million, using the Proceeds of Crime Act 2002 framework.…