The U.S. Attorney’s Office says this is one of the first times the U.S. has recovered USDT from an unhosted digital currency wallet.
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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Most victims were lured to phishing websites from comments posted by impersonator accounts on X.
2511From April 26, the U.K. economic crime legislation will include civil recovery orders for confiscating crypto assets.
19329The former FTX CEO’s mother, father, and brother all wrote letters to Judge Lewis Kaplan suggesting that SBF’s lack of social awareness could lead to problems in prison.
23908Though potentially facing up to 110 years in prison, Sam Bankman-Fried could be sentenced by Judge Lewis Kaplan to 15–25 years based on his case, according to some lawyers.
4001According to Do Kwon’s legal team, a Montenegrin High Court made a Feb. 21 ruling to extradite the Terraform co-founder to the United States “based on erroneous information.”
4017Three judges rejected arguments that a court violated Randall Crater’s Sixth Amendment rights and included testimony from a crypto expert he claimed was unqualified.
10634Zhang Xiaojin, the director of the Fourth Procuratorate of the SPP, also reportedly warned citizens and digital asset participants about investment scams in the local crypto economy.
4653The government asked CZ to surrender his Canadian passport and “all other current and expired passports and travel documents” to his counsel, who was expected to oppose the motion.
29042Out of all the individuals charged related to fraud at FTX and Alameda, Ryan Salame was the only former executive who didn’t testify at Sam Bankman-Fried’s criminal trial.
13388The Gyeonggi tax department used the resident registration data of “delinquents,” tracing their mobile phone numbers to detect their accounts on crypto exchanges.
2630Former FTX CEO Bankman-Fried is scheduled to return to court on Feb. 21 for a similar hearing regarding potential conflicts of interest in his legal representation.
1336AI is escalating the challenge of deepfake frauds in digital identity verification, potentially reshaping cybersecurity.
2907The Australian federal police officer denies allegations of taking Bitcoin from a hardware wallet at the crime scene and transferring it to crypto exchange Binance.
12746Crypto laundering has decreased overall, although sophisticated crypto criminals such as the Lazarus Group are shifting from mixers to cross-chain bridges.
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