Dubbed “Transparent Blockchain,” Russia’s new crypto analytics system is designed to fight illicit activity related to crypto.
Crimes that are made within cryptocurrency and related spheres are usually defined as cryptocurrency crimes. The legal status of digital currencies is not clear enough and governments all over the world are searching for a way to regulate operations in the cryptosphere. That is why most of the crimes cannot be forecasted or punished properly. The most common crypto-crime until the end of 2017 has been in relation to Initial Coin Offerings (ICO), which were conducted by frauds and by stealing money from electronic wallets and storages through hacking or fraudulently-obtained information. Besides that, a lot of users’ money was stolen when using unverified exchanges and making transactions through suspicious services. Also, people lost money by joining financial cryptocurrency pyramids.
An Australian woman is facing more than two years in prison after stealing more than $300K in XRP tokens in January 2018.7556
A contested election between president Alexander Lukashenko and Svetlana Tikhanovskaya leaves the future of crypto in Belarus in limbo.7259
Blockchain is making further inroads with municipal authorities in China, as the mayor of Loudi supports its use to combat crime.2528
The PFSA warns scammers are asking people to send cryptos to verify a transaction’s legality before depositing them in a fake investment fund.3004
Brother of OneCoin’s missing founder, Konstantin Ignatov is no longer one of key figures in a civil case brought by OneCoin victims.12605
California authorities recently came out with a fresh cautionary statement on crypto crime.3791
Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm.2204
Australian YouTuber Dagogo Altraide posted a new video to his 2.5M subscribers detailing the fall of FinTech company Wirecard.2743
The DoppelPaymer gang deployed a ransomware attack against ventilator manufacturer Boyce Technologies amid the COVID-19 pandemic.5524
One of the main operators of the now-shuttered streaming site movie2k.to has forfeited over $30 million worth of crypto to German police.2394
YouTube took down Jon Prosser’s channel with 262K subscribers after hackers used it to promote a free Bitcoin giveaway scam.3142
The Maze ransomware group appears to be behind a recent cyberattack launched against Canon.5312
The alleged dealers involved in Germany’s largest Bitcoin-enabled darknet narcotics marketplace will stand trial today.4167
The ‘Wolf of All Streets’ offers suggestions for how to protect one’s crypto assets and identity after his SIM was compromised in February.3584