North Korean crypto crime rate reached an all-time high in 2022. A cybersecurity firm said North Korean criminals moved over $1B worth of crypto. Ransomware attackers extorted $456M in 2022 compared t...
Tag: Criminals
Alleged North Korean Cyber Criminals behind Harmony Hack Lazarus Group Moves $64M in Stolen Crypto over Weekend
Harmony hack perpetrators Lazarus Group recently moved $63.5 million in ETH, with Binance and Huobi recovering $2.5 million. North Korea’s Lazarus Group of cyber criminals linked to the $100 million ...
Investigator Shows How Poor KYC Can Empower Criminals
Public company investigator Aurelius Capital Value called out Silvergate for doing business with Huobi Global, despite earlier proof of the exchange’s poor KYC enforcement. Aurelius used Huobi’s alleg...
Crypto Billionaire Mike Novogratz: Not All Digital Asset Exchanges Are Run by Criminals Like FTX Was
Crypto billionaire Mike Novogratz thinks it’s “really dangerous” to assume all digital asset exchanges are run like the now-imploded FTX. The Galaxy Digital chief executive says in a new interview wit...
Crypto criminals set to launder $10 billion by 2025, new report suggests
As the increasingly popular yet largely unregulated cryptocurrency industry expands, it attracts a growing number of dishonest and malicious participants for whom the budding blockchain technology has...
Two Criminals Jailed for Stealing From Bitcoin Investors in Dubai (Report)
Two robbers reportedly deceived an Asian investor and his friend with a fake bitcoin scheme and stole nearly $50,000, three phones, and documents from them. The Criminal Court sent the wrongdoers to j...
U.K. police arrests 100 criminals using Bitcoin records – crypto.news
The UK Metropolitan police arrested about 100 cyber criminals involved in a £50 million worldwide ‘bank spoofing’ scam on Thursday, November 24. The conmen were identified by tracing bitcoin records, ...
Criminals profit over 5000% following reawakening of 10,000 Bitcoin
A crypto wallet belonging to a defunct Russian crypto exchange BTC-e moved 10,000 Bitcoin (BTC) ($165 million) on Nov. 23 to two unidentified wallets. Chainalysis reported on Nov. 23 that BTC-e had be...
Interpol is making a specialized team to fight crypto criminals
Join Our Telegram channel to stay up to date on breaking news coverage The cryptocurrency sector is constantly seeing greater amounts of adoption despite the dropping prices. However, with more people...
New age of crypto crime; how criminals have evolved- a detailed report
A new study published by crypto analytics and compliance platform Elliptic, took a close look at the exploitation of web3 platforms to facilitate money laundering. The study, titled “The state of cro...
$4 Billion Laundered by Criminals through DEXs, Elliptic Report Shows
Blockchain analytics and security firm Elliptic has shown that criminals operating in the crypto ecosystem explore decentralized solutions in more ways than is known. Through its latest report titled...
Criminals have laundered $4 billion through DEXs, bridges and coin swaps: Elliptic
Elliptic researchers say financial criminals have laundered billions with the help of popular crypto tools. Since 2020, cyber criminals have used decentralized exchanges (DEXs), cross-chain bridges an...
Chinese police arrest crypto criminals for laundering over $5B
As the nation increases measures to curb illegal financial flows, Chinese police have dismantled a huge criminal organization reportedly responsible for a 40 billion yuan (US$5.6 billion) crypto money...
How Australian police is combating criminals through cryptocurrency
The Australian Federal Police (AFP) formed a new cryptocurrency unit to focus on crypto-related transactions, reported The Australian Financial Review. The step is in line with the policy of Australia...
Australian Federal Police Launches Crypto Unit to Crackdown Criminals
The Australian Federal Police (AFP) has launched a criminal investigative unit focused on cryptocurrencies to crack down on money laundering and other related illegal activities surrounding the asset ...
Doctor Who Paid Criminals $60,000 In Bitcoin To Face Up To 8 Years In Prison
A recent report revealed that a 55-year-old former neonatologist from Spokane, Dr. Ronald Craig, paid hitmen $60,000 in Bitcoin to kidnap his wife and beat his former colleague. He admitted that the h...
Crypto Criminals Laundered Another Half-A-Billion: Details
As per the CNBC report, criminals used the cross-chain bridge RenBridge to launder more than $540 million since 2020, in crimes related to crypto cash, reported blockchain analytics firm Elliptic. Thi...
Report: $540 Million Laundered by Crypto Criminals Through RenBridge
– Advertisement – A new report shows that over half a billion dollars were laundered by crypto criminals through a service called RenBridge. According to a recent study conducted by Elli...
Criminals Laundered $540M Through RenBridge: Report
Key Takeaways According to blockchain analytics firm Elliptic, the cross-chain bridge RenBridge has been used to launder over $540 million over the past two years. Elliptic’s vice president of p...
Crypto reacts to cash limit law that could “turn 10% of Israelis into criminals”
Israel’s cash payment limit has been capped further on Monday in a bid to crack down on crime and move towards digital payments — yet critics argue it won’t be effective. As of today, payments to busi...
Law Enforcement Crack Down Drives Cyber Criminals Towards Less-Conspicuous Attacks: Report ⋆ ZyCrypto
Advertisement     According to the 2022 SonicWall’s Cyber Threat Report, global cryptojacking volume rose to 66.7 million attacks in 2022, up 30% over the first half o...
Australian Courts Studies states, “Uses of Crypto is disturbing for sentencing criminals.”
Australian Courts to implement hard rules on the criminal’s activities operated using crypto. Criminal Activities by using cryptocurrencies decreased by 0.45 to 0.50 percent. The Hig...
Cyber Criminals Using Crypto Mixing Services at Record Rates, According to Chainalysis
New data from market intelligence firm Chainalysis reveals bad actors are using crypto mixing services at unprecedented rates. According to a new blog post by the crypto insights company, crypto mixin...
Berkeley professor slams crypto as a ‘pyramid scheme’ designed for criminals
As the cryptocurrency industry continues trying to recover from a long period of extreme bearishness, it has no lack of loud supporters and critics alike, including Dr. Nicholas Weaver of The Universi...
UK Minister Wants Crypto Hub, Without Criminals
– Advertisement – UK Minister Wants Crypto Hub, Without Criminals. Even though he voiced concern about illicit activities, the digital minister of the United Kingdom emphasized his gov...
Defi Is Becoming an Arena for Crypto Criminals
It looks like crypto criminals are beginning to change up their gameplans to obtain funds that aren’t theirs. It used to be that many of them targeted either exchanges or individual wallets, but now i...
DOJ Recommends International Cooperation in Chasing Down Crypto Criminals
The U.S. federal government’s chief lawyer, Merrick Garland, is asking for more international cooperation to help protect investors, consumers, and businesses that use digital assets. A Department of ...
Binance Refutes Reuters Claims That It Helped Criminals Laundered $2.3 Billion
Leading cryptocurrency exchange Binance has responded to an investigative report published by Reuters that claimed the trading platform helped bad actors to launder over $2 billion worth of digital as...
Phishing Criminals Steal $70,000 Using Beeple’s Hacked Twitter Account
Around $70,000 was stolen using Beeple’s hacked Twitter account with a phishing link posted on his Twitter. Famous digital NFT artist Mike Winkelmann’s (Beeple) Twitter account was hacked, and it has ...
Former Fed Chairman Says Bitcoin Is For Criminals; Is Unsuccessful As An Alternative Money
According to the former chairman of the U.S. Federal Reserve, Ben Bernanke, cryptocurrencies, including Bitcoin, can never be successful as an alternative money. He believes that the prices are too vo...
Criminals continue to scam people with fake crypto ads on Facebook using Martin Lewis’ images
Criminals continue to use Money Saving Expert founder Martin Lewis’ image to defraud investors via Facebook Ads, despite Lewis settling a lawsuit with Facebook’s parent Meta over the illegal use of hi...