Tag: cybercrime

Sep 19 2022

Crypto Bad Guys Vs. 150 U.S. Prosecutors – Who Will Win?

The crypto landscape is heating up as the U.S. Department of Justice ramping up its efforts to counteract the risks posed to the American people by the illegal exploitation of digital assets. On Friday, the Department of Justice's Criminal Division announced the launch of its nationwide Digital Asset Coordinator (DAC) network. More than 150 federal prosecutors have been tapped to work within the...

Aug 18 2022

UN Exec: Regulating Crypto Use Will Make Internet Safe

Ghada Waly, executive director of the UN office on drugs and crime, has argued that restricting the usage of cryptocurrencies can help make the internet a bit safer. Controlling Crypto Will Keep Internet Safe On August 18, Waly emphasized that the focus should be on examining how digital assets are utilized unlawfully during a session with the World Economic Forum. Notably, many assets...

Jul 15 2022

UK Filed Over 34,000 Crypto Scam Reports In Last 6 Years

Along with the rise in popularity of cryptocurrency trading worldwide, there has been a significant increase in the number of crypto scams or frauds. In the UK alone, there have been 34,305 allegations of criminal behavior involving cryptocurrencies since 2016. Cybercrime is now a widespread issue on a global scale. The amount of criminality involving cryptocurrencies peaked in 2021....

Apr 27 2022

New Report: Blockchain Hackers Stole $1.3 Billion In Q1 2022

Apr 27 2022 Published at Bitcoinist.com under tags  crypto news cybercrime defi hacks nft

Despite the drop in bitcoin prices at the beginning of the year, thieves did not take a break. Hackers and scammers made millions of dollars from attacks on numerous crypto projects and ecosystems. According to the Atlas VPN team's new research, blockchain hackers stole approximately $1.3 billion in 78 hack events in the first quarter of 2022. Furthermore, hacks on the Ethereum and...

Apr 22 2022

AUSTRAC Issues 2 New Guides To Help In Fight Versus Cybercriminals

The Australian Financial Compliance Enforcement Agency (AUSTRAC) has announced two new guidelines to make it simpler to identify when crypto is being used for dubious purposes or when a person is being obliged to pay crypto to ransomware perpetrators. Each guide provides practical recommendations to assist organizations in determining whether a payment is tied to a ransomware attack or if someone is committing...

Apr 14 2022

Feb 09 2022

US Justice Dept Seizes $3.6Bn Worth Bitcoin from 2016 Bitfinex Hack

The U.S. Department of Justice has announced today that they had seized $3.6 billion worth of Bitcoin stolen in the hack of Bitfinex cryptocurrency exchange in 2016.

Feb 01 2022

Bitfinex Hackers Move over $3 Billion of the Stolen Bitcoins

Stolen bitcoins from the 2016 Bitfinex hack are moving. The BTC address that held the cryptocurrencies has been monitored since the Bitfinex hack.

Jan 27 2022

Crypto Money Laundering Booms 30% in 2021

Cryptocurrencies have become the most preferred proceed for fraudsters and criminals due to their anonymity, ease of access, and ability to cross borders. Similarly, cybercrimes in the crypto-space are also increasing rapidly. A report issued by...

Aug 31 2021

DeFi Exploits 2021: CipherTrace Reports $474 M Loss in Flash Loan Attacks

The Decentralized Finance (DeFi) sector has witnessed an explosive growth this year. The total value locked (TVL) across all decentralized finance (DeFi) protocols has hit a new all-time high of $84 billion as August comes to a close, according to Data Aggregator DeFi Pulse. Per ConsenSys’s Q2 2021 DeFi report, billions of institutional capital is The post DeFi Exploits 2021: CipherTrace Reports $474...

Feb 12 2021

Darknet’s JokerStash Retiring After Making Over $1B Through Illicit Transactions

Feb 12 2021 Published at CoinDesk under tags  blockchain analysis cybercrime elliptic news

Crypto sleuthing firm Elliptic says one of the world's most prolific cybercriminals is going out on their own terms.

Jan 21 2021

How Cryptocurrency Is Making Casinos Safer?

Over the last couple of decades, technological advances have totally revolutionized the UK gambling industry. Thanks to significant improvements in Internet connectivity, graphics, games, and other breakthroughs casinos have been able to create a massive online gambling community. This has not been without issue, but it has undoubtedly been one of the most significant areas of growth we have seen to date. The...

How Cryptocurrency Is Making Casinos Safer?

Over the last couple of decades, technological advances have totally revolutionized the UK gambling industry. Thanks to significant improvements in Internet connectivity, graphics, games, and other breakthroughs casinos have been able to create a massive online gambling community. This has not been without issue, but it has undoubtedly been one of the most significant areas of growth we have seen to date. The...

Nov 11 2020

Cyberattackers Demand $11M in Bitcoin From Japanese Gaming Giant Capcom

Nov 11 2020 Published at CoinDesk under tags  cyber attack cybercrime gaming japan news

Japanese gaming giant Capcom’s networks have reportedly come under attack, with criminals demanding a bitcoin ransom in exchange for not leaking confidential company information to the public.

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