The SEC has taken action against a Californian man for fraudulently offering insider stock trading tips on a darknet marketplace.
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.
U.S. Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection.8708
The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams.6688
The private sector invests enormous resources to help the government combat crypto crimes, U.S. Treasury Secretary Janet Yellen said.9631
BuyUCoin initially denied the reports of a data breach, but added that all user funds are safe.11958
The Assistant Commissioner of the City of London Police said the partnership with Komainu would help in “denying criminality the proceeds of crime."5204
Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds.8912
Despite the crypto industry experiencing a major rise in mainstream interest in 2020, the year also saw many prominent crypto personnel apprehended by regulators.9606
Major figure in Justice Department's cyber work is out from the policy office, but no word on where she's heading next.3448
Institutions still fear Bitcoin’s criminal persona, its volatility, and other factors.6567
Cybercriminals may favor a different cryptocurrency in the coming months, however.5530
The recent surge in DeFi makes the industry is an attractive target for hackers.5292
Recent exit scams have displaced the users of darknet markets, with Eastern European-only platform Hydra now the largest worldwide.20481
Regulators are addressing the growing threat of transnational cybercrimes in the financial industry.6367
Bad actors allegedly tried to brute force their way into accounts belonging to Paxful's users in an ongoing series of attacks.5061