Tag: crypto crime

Mar 02 2022

The Crypto Crime Series: Money laundering underpins all forms of cryptocurrency crime

Mar 02 2022 Published at CryptoSlate under tags  crime crypto crime defi edge money laundering

The rise in cryptocurrency-related crime we've seen in the past year has been somewhat expected. As the crypto market grows, so does the number of malicious actors that operate in it. And while the share of crypto crime in the overall market has dropped significantly in the past year, it's still a very lucrative business. However, cybercriminals operating in the crypto market face...

Feb 09 2022

Feb 04 2022

Son Almost Kills Father In Attempt To Steal $400,000 In Cryptocurrency

A son has been arrested and sentenced in a crypto crime that almost left his father dead. The son who had wanted to get his hands on his father’s crypto holdings but could not do so without getting access to his phone had turned to drugging his father and taking the phone off him. The series of events that follow is a rollercoaster...

Jan 08 2022

Illicit Crypto Addresses Received $14 Billion in 2021; Tiny Transaction Volume Linked to Crime

Chainalysis's recent survey says, "In 2021, the net value of cryptocurrency authorized by illicit addresses escalated a new all-time high of $14 billion." Compared to 2021, this record high is nearly twice the $7.8 billion. It constitutes just 0.15% of the 2021 cryptocurrency transaction volume. Funds Pushed to Illicit Marks Fall Cryptocurrency-related crimes' utility recorded The post Illicit Crypto Addresses Received $14 Billion...

Dec 03 2021

Nov 20 2021

IRS Seized Crypto Worth $3.5 Billion This Year, Predicts Even More In 2022

The United States Internal Revenue Service (IRS) on Thursday published its annual Criminal Investigation (CI) report. During the fiscal year of 2021, the agency reported that it seized $3.5 billion worth of crypto. According to the...

Oct 07 2021

U.S. Department Of Justice Announces Launch Of National Cryptocurrency Enforcement Team

The U.S. Department of Justice has announced the launch of a National Cryptocurrency Enforcement Team (NCET). This team would handle investigations and prosecutions of criminal misuses of cryptocurrency. In particular, crimes committed by virtual currency exchanges and money launderers. The Justice Department released a...

Sep 03 2021

BitConnect Promoter Pleads Guilty In $2 Billion Crypto Scheme

Former director and promoter of the BitConnect Ponzi scheme, Glenn Arcaro, pled guilty on Wednesday in federal court to fraud charges. His participation in a massive conspiracy involving the crypto exchange defrauded investors of over $2 billion. The United States Department of Justice, Southern District of California,...

Aug 29 2021

Crypto CEO Sentenced To Five Years For Crypto Scheme

The CEO of AriseBank, Jared Rice, Sr. has been sentenced to five years in federal prison in a $4 million crypto scheme. The United States Department of Justice (DOJ) announced this in a press release on the 25th of August. Rice is also the inventor of the...

Jun 23 2021

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