| Time | Details |
|---|---|
| 2024-07-12 09:45 |
Account Freezing Order Indicates Probable Cause
According to @zachxbt, a freezing order issued by law enforcement typically indicates probable cause, suggesting that the account in question was likely frozen for legitimate reasons. @zachxbt also criticizes the account holder for allegedly paying a dubious service to unblock the account through misleading posts. (Source) |
| 2024-08-04 13:49 |
MistTrack Emphasizes the Need for Law Enforcement in Fund Recovery
According to MistTrack_io, the company is willing to assist in tracking down stolen funds but emphasizes that their role is limited to supporting law enforcement. They cannot enforce the law on exchanges to return the funds. This highlights the essential role of law enforcement in the recovery of stolen assets. (Source) |
| 2024-08-19 03:42 |
Key Factors Influencing Law Enforcement Action in Crypto Scams
According to ZachXBT, law enforcement tends to take action in cryptocurrency scams if the case is straightforward, the victim and scammer are in the same jurisdiction, a large amount has been stolen recently, the case is sanctions-related, and the scammer is not a minor. (Source) |
| 2024-08-22 12:46 |
ZachXBT Criticizes Delayed Response in Crypto Theft Case
According to ZachXBT, a victim of a cryptocurrency theft waited years before contacting law enforcement to reach out to Binance. ZachXBT shared a conversation highlighting the victim's perceived incompetence and annoyance due to persistent direct messages. (Source) |
| 2024-08-22 12:46 |
ZachXBT Highlights Delayed Response to Crypto Theft
According to ZachXBT, a victim of a cryptocurrency theft has been persistently messaging him, leading him to share their conversation publicly. The victim's delayed action, waiting years before involving law enforcement to contact Binance, was highlighted as an example of incompetence. (Source) |
| 2024-08-28 01:58 |
MistTrack_io Highlights Inconsistent Cooperation of Cryptocurrency Exchange
According to MistTrack_io, a specific cryptocurrency exchange is notoriously inconsistent in its cooperation with law enforcement investigations. While sometimes the exchange provides timely responses, at other times, it takes months to reply, only to ultimately refuse cooperation. This inconsistency can pose significant challenges for those involved in investigative work. (Source) |
| 2024-08-28 01:58 |
Inconsistent Cooperation from Cryptocurrency Exchange
According to MistTrack_io, a specific cryptocurrency exchange is notoriously difficult to work with in the investigation space. While they sometimes cooperate with law enforcement, there are instances where they take months to respond and ultimately refuse to help. (Source) |
| 2024-09-05 07:43 |
ZachXBT Prefers Building Private Compliance Tools Over Public Crypto Products
According to ZachXBT, he would only consider developing analytics tools and data services for compliance teams and law enforcement. He believes the current state of the crypto community is too entitled to create public products for. (Source) |
| 2024-09-06 21:36 |
Blockchain Enhances Traceability of Digital Dollars
According to @howardlutnick, the physical US dollar isn’t traceable, but the digital dollar is. A report by @CNBC and @chainalysis explains how blockchain technology assists crypto companies, like @Tether_to, and law enforcement in tracking criminals and freezing their funds. (Source) |
| 2024-09-15 15:27 |
ZachXBT Discusses Challenges in Payment Structure for Crypto Cases
According to ZachXBT, the proposed payment structure for resolving cryptocurrency fraud cases is ineffective due to numerous uncontrollable external variables. These include the unknown whereabouts of the suspect Dexter, the locations of victims, the law enforcement agencies involved, the remaining funds, and the outcomes of court cases. These uncertainties make it difficult to incentivize anyone to take on such cases. (Source) |
| 2024-09-15 14:56 |
ZachXBT Advises Scam Victims to Collaborate and Seek Legal Help
According to ZachXBT, individuals affected by scams should group up with other victims, hire a professional firm, and collaborate with law enforcement to address the issue. (Source) |
| 2024-09-15 12:37 |
ZachXBT Indicates Law Enforcement Request Involving GardenBlock1618 and Ciloyan
According to ZachXBT, there has been a law enforcement request involving the accounts GardenBlock1618 and Ciloyan. This suggests that authorities are investigating activities related to these accounts, which could impact their reputation and trading activities. (Source) |
| 2024-12-12 01:46 |
Challenges in Prosecuting Crypto-Related Fraud
According to ZachXBT, prosecuting crypto-related fraud cases faces several challenges. These include the need for clear and irrefutable evidence to succeed in court, the general indifference towards influencers involved in pumping and dumping meme coins, and the lack of concern for undisclosed promotions. Furthermore, the complexity of dealing with multiple jurisdictions and the scarcity of law enforcement skilled in cryptocurrency matters complicate the situation. Additionally, if minors are involved, law enforcement's involvement is reduced. (Source) |