The Assistant Commissioner of the City of London Police said the partnership with Komainu would help in “denying criminality the proceeds of crime."
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.
Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds.8465
Despite the crypto industry experiencing a major rise in mainstream interest in 2020, the year also saw many prominent crypto personnel apprehended by regulators.8789
Major figure in Justice Department's cyber work is out from the policy office, but no word on where she's heading next.3416
Institutions still fear Bitcoin’s criminal persona, its volatility, and other factors.6501
Cybercriminals may favor a different cryptocurrency in the coming months, however.5456
The recent surge in DeFi makes the industry is an attractive target for hackers.5217
Recent exit scams have displaced the users of darknet markets, with Eastern European-only platform Hydra now the largest worldwide.20271
Regulators are addressing the growing threat of transnational cybercrimes in the financial industry.6259
Bad actors allegedly tried to brute force their way into accounts belonging to Paxful's users in an ongoing series of attacks.5008
Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance10777
Malware payouts from insurance companies pose a threat to U.S. national security.4377
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate.4881
A new report from Chainalysis has found that Eastern Europe is responsible for more darknet activity and ransomware volume than any other region.14045
The United States Internal Revenue Service has announced a bounty of up to $625,000 to anyone who can crack Monero’s privacy.463815