News
Bitrace reported that $649 billion — about 5.14% of all stablecoin transactions in 2024 — flowed through high-risk addresses linked to illicit activities.
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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.
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Six individuals allegedly defrauded investors out of $620,000 in Nigeria through falsely advertising the Crypto Bridge Exchange.
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Former SEC chair Jay Clayton has released public statements on criminal cases involving crypto since becoming interim US Attorney for the Southern District of New York on April 22.
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The Los Angeles Police Department said it seized $2.7 million worth of Bitcoin mining rigs allegedly stolen at the city’s airport from a shipment bound for Hong Kong.
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The bureau reported that individuals over 60 had been the most affected by crypto-related fraud in 2024, with roughly $2.8 billion in losses.
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While bail conditions for the two Estonian nationals, who pleaded guilty to wire fraud, require them to remain in Washington state, an order from the US DHS urges them to "immediately" depart.
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Crime syndicates are minting stablecoins and building exchanges to launder billions of dollars, warns a UN report.
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The US Justice Department under President Donald Trump issued a memo on April 7 suggesting it would halt the prosecution of cases involving crypto enforcement.
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The repayment occurred days after KiloEx offered the hacker a $750,000 "white hat" hacker bounty if they returned 90% of the stolen value.
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The firm said it had chosen a “cease and retreat” strategy in response to allegations that the Lazarus Group laundered funds stolen in a $1.4 billion exploit of Bybit.
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US authorities relocated the former FTX CEO to the Federal Correctional Institution in Terminal Island after he participated in a reportedly unsanctioned interview.
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Trump’s crackdown on cartels poses unforeseen risks for the cryptocurrency industry, potentially entangling software developers and investors.
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Coinbase users may have lost over $46 million in Bitcoin to phishing scams in March, according to ZachXBT.
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Authorities confiscated more than $200,000 of cryptocurrency held in at least 17 wallets, DOJ said in a statement.
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Sam Bankman-Fried is no longer located at the Metropolitan Detention Center in Brooklyn after an unsanctioned interview with Tucker Carlson.
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