Altcoin News Official TheBitTimes.com

In a landmark case, the first person in the UK has been charged with operating an unregistered cryptocurrency ATM. This development marks a significant step in the country’s crackdown on illicit digital asset operations. Landmark Charge Habibur Rahman, 37, from East Ham, London, has been charged with operating illegal crypto ATMs and laundering £300,000 in criminal cash. Rahman’s arrest follows a police raid on April 28, 2023, at the Gadcet shop located on Chatham’s High Street. During the search, several crypto ATMs were seized, including one prominently displayed to the public. According to Kent Police, Rahman’s charges stem from operating these ATMs without the necessary registration from the Financial Conduct Authority (FCA). Additionally, he is accused of converting criminal proceeds into cryptocurrency, a practice increasingly associated with money laundering and other illicit activities. Regulatory Response Crypto ATMs have been under intense s...

A UK hacker behind a Coinbase login scam that used dummy websites and sob stories to steal more than $900,000 worth of crypto has been jailed for three-and-a-half years.  As reported by the Norwich Evening News, 24-year-old Elliott Gunton was jailed at Norwich Crown Court for his part in a hacking plot that involved mimicking the website of crypto exchange Coinbase to fraudulently obtain user login details. The group would also call various telecom companies and use ‘sob stories’ to divert phone calls and access private account details.   Hong Kong police say alleged scammers swapped 11K fake notes for USDT Read more: UK ‘El Chapo’ faces 120 years in US prison over bitcoin-for-drugs ring The scam took place in 2018 and 2019, but by then Gunton was already a seasoned hacker . When he was just 16, he hacked the UK phone company TalkTalk and sold stolen customer data in exchange for crypto. Also in 2019, he was ordered to pay back £407,359 ($524,000) and received a three-and...