News
Gotbit founder Aleksei Andriunin has agreed to forfeit about $23 million in Tether USDt and USDC in a plea deal with Massachusetts federal prosecutors.
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Crimes News
In the digital era, crimes have transcended physical boundaries, manifesting in various forms online. Online crimes encompass a broad range, from identity theft and phishing to credit card fraud, exploiting the vulnerabilities of internet users. Simultaneously, digital crimes involve unauthorized access, manipulation or theft of digital data, leading to data breaches and cyber espionage, posing significant threats to individuals and organizations alike.
Within this landscape, cryptocurrency crimes have emerged, leveraging the decentralized nature of digital currencies. For instance, ransomware attacks encrypt data and demand cryptocurrency payments for the decryption keys, while crypto fraud schemes use phony initial coin offerings (ICOs) or Ponzi schemes to trick unsuspecting investors. The illegal use of other people’s devices for unauthorized cryptocurrency mining is known as “cryptojacking.” Darknet markets allow for the anonymous exchange of cryptocurrencies between buyers and sellers, facilitating illicit trade.
Moreover, pump-and-dump schemes manipulate cryptocurrency prices for profit, showcasing the intricacies of this digital criminal landscape. Law enforcement agencies and cybersecurity experts collaborate to combat these offenses, emphasizing cybersecurity awareness and robust measures to safeguard against evolving threats in the online and crypto realms.
- News
Europol's report highlights how AI-driven automation and crypto tools fuel scams, phishing, trafficking, and financial crimes across Europe.
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Streamer Kaitlyn Siragusa, known by her online persona Amouranth, and her husband say they will be upping security after the incident.
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Authorities in the United Kingdom alleged a National Crime Agency officer stole 50 Bitcoin in 2017 during an investigation.
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“There was nothing funny about his use of a Seinfeldian company, Vandelay Industries, to carry out this fraud,” said US Attorney John Durham.
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With the pending conclusion of the criminal case, the SEC could now move forward with civil litigation after a judge signed off on staying the lawsuit in January 2021.
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Aleksej Bešciokov was reportedly vacationing with his family in the Indian state of Kerala when authorities arrested him.
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Scam reporting in the US is fragmented and needs to come under one system to give better insights into attacks, Coinbase security chief Philip Martin tells Cointelegraph.
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The former CEO of defunct cryptocurrency exchange FTX said he could be in his “late 50s” by the time he is released.
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Iris Ramaya Au, the ex-girlfriend of Adam Iza, known as the crypto “Godfather,” copped to failing to report over $2.6 million she gained from her ex-boyfriend’s crimes.
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In November, Amouranth, real name Kaitlyn Siragusa, revealed that she owned around 211 Bitcoin — worth over $20 million.
6455 - Analysis
Crypto crime is surging, with AI fraud, stablecoin laundering and ransomware evolution redefining illicit finance. Can regulators keep up?
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Ben Zhou announced the launch of a bounty program after reporting hackers tied to North Korea used an exploit to steal more than $1.4 billion in crypto from Bybit.
8529 - Analysis
Lazarus Group has stolen over $6 billion in crypto since 2017, making it the most notorious hacking ring in the industry.
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The North Korean cybercrime unit may be behind some of the recent memecoin rug pulls on Solana.
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