U.S. regulators are looking at crypto-related areas, touching on financial regulation, economic innovation and national security.
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 new bill, if passed, will allow cyberwarfare operatives to take over control of critical infrastructure under attack.4907
In a bid to catch up with cybercriminals, the Justice Department is pooling all crypto expertise in one place.2262
As the crypto industry continues to develop at a rapid pace, so do the ransomware attacks, but regulators now seem ready to step in.1953
“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chainalysis CEO Michael Gronager.1925
The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat.3891
The ICIJ’s report suggests the “Bitcoin czar” may have been a member of the Carbanak hacking group.8336
In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse.11908
Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K.9114
Changing an intelligence agency's perspective on crypto crime is the next step toward a successful crypto investigation.1932
The decentralized industry has to spend additional resources to raise its standards and implement cybersecurity best practices.3973
Yes, some criminals use Bitcoin, but the innovation behind this technology improves the financial system.20637
Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021.2282
Co-founders Diogo Mónica and Nathan McCauley cited Anchorage's "stringent processes and procedures" as likely factors in the decision from the federal agency.2221
The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments.12699