XMR’s bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month.
Cybercrime is a crime made on/against computers and/or a network. Computers and networks may be both a tool or a target of an attacker. Cryptocurrency cybercrimes and Bitcoin-oriented cybercrimes are now an inseparable part of the industry. Cryptocurrency allows cybercrimes like hacking, phishing and various scamming schemes. There were a lot of notable cryptocurrency thefts with the latest cybercrime cases being the Coincheck hack (with $400 million worth of NEM tokens stolen in 2018) and NiceHash (with $60 million stolen). Cybercrimes also may be performed within the blockchain, like the infamous DAO event, where $50 million worth of Ethereum was taken by the hacker and led to the hard fork of the whole platform. Different types of wallet services for altcoins are one of the main targets of cybercrimes, as a flaw in the system gives hacker access to multiple accounts.
The crypto mixer is said to have processed $20.5 million out of the $620 million taken by North Korean Lazarus Group hackers.3916
The notion of crypto being a tool for money laundering is often propagated by naysayers that include policymakers with a stake in the traditional financial system.2405
AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.”2049
The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases.2267
Treasury Department updates SDN list to ostensibly tie infamous hacker group to last month’s mega-heist.4452
“I’m quite wealthy. Yeah, I do not have to work if I don’t choose to. I have over seven billion dollars worth of Bitcoin,” stated the hacker known as Gummo.19358
The federal advisory suggests exploring four key areas to support a safer adoption for crypto in Australia and dampen cybersecurity threats.2835
The Secret Service intends to combat the “illicit use of digital assets” and provide “public awareness information,” according to its educational website.4351
“The currency might be virtual, but the message to companies is concrete: if you report to us, we can follow the money and not only help you, but hopefully prevent the next victim," said Lisa Monaco.4912
The report defines criminal whales as private wallets that hold more than $1 million worth of crypto, with more than 10% of their balances coming from illicit addresses.5471
In 2021, victims within the FBI San Francisco division’s territory lost more than $64 million to romance scams, up from $35 million in 2020.5475
The token surged almost 70% in a day after the DOJ announced that it had recovered most of the stolen funds from the 2016 Bitfinex hack.2512
As the Bitfinex hack recovery ensued, crypto figures across social media shared their thoughts, raised questions, and expressed disbelief.4606
"The department once again showed how it can and will follow the money," said Deputy Attorney General Lisa Monaco.5611