The U.S. Attorney’s Office says this is one of the first times the U.S. has recovered USDT from an unhosted digital currency wallet.
Cybercrime News
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.
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The Chainalysis 2024 Crypto Crime Report highlights a $1.7 billion revenue surge in darknet markets and a rise in crypto-linked sanctions and new scam trends.
1594Zhang Xiaojin, the director of the Fourth Procuratorate of the SPP, also reportedly warned citizens and digital asset participants about investment scams in the local crypto economy.
4656Those in search of love online are increasingly falling prey to romance scams, with $1.3 billion stolen in 2022 alone.
4754The FIU has been actively encouraging crypto exchanges to report any transactions that raise suspicions of money laundering and illegal “foreign exchange outflow.”
1787Cointelegraph Research analyzes the various sectors shaping the post-ETF landscape and discusses the future in its new Investor Insights report.
5056Ransomware attacks resulted in over $1 billion in cryptocurrency payments in 2023 as criminals targeted high-profile institutions and infrastructure.
3470Fraudsters perpetrating “pig butchering” scams are turning to malicious decentralized finance applications to steal from unsuspecting victims.
8934Decentralized finance protocols should be seen as “critical infrastructure” to the United States’ national and economic security, according to Polygon’s legal team.
4380The threat pattern suggests that attackers mainly target large companies in Mexico with over $100 million in gross revenues.
1697Scammers often impersonate well-known people or entities in the cryptocurrency industry to fool unsuspecting investors.
1913The email service reveals that hackers gained control of select Web3 email accounts by targeting a customer service employee through a social engineering attack.
3065The National Cyber Security Centre report highlights social engineering as a critical area where AI will significantly enhance capabilities, making phishing attacks more convincing and more challenging to spot.
2189Interpol has released a white paper highlighting the potential benefits of metaverse tools for law enforcement and investigation and forensic considerations for metaverse-related crimes.
2127Chainalysis notes that in 2022 and 2023, stablecoins saw the most volume among illicit transactions.
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