Senate Democrats have derided the Justice Department’s decision to nix its crypto unit, claiming the agency is giving a free pass to sanctions evasion and scams.
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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Cybersecurity researchers identified the exploit in several npm software packages, including the pdf-to-office code bundle.
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Distributed denial-of-service attacks are “more powerful than ever,” with AI helping automate tasks and bypass CAPTCHA systems, according to Netscout researchers.
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Crypto hacks totaled $1.63 billion in Q1 2025, up 131% year over year, with the Bybit breach alone accounting for 92% of the losses.
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Coinbase users may have lost over $46 million in Bitcoin to phishing scams in March, according to ZachXBT.
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Europol's report highlights how AI-driven automation and crypto tools fuel scams, phishing, trafficking, and financial crimes across Europe.
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The recent incident represents a more sophisticated attack that deviates from the classic scam of promoting fake tokens on social media.
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CyberArk found nearly 780,000 wallets linked to the theft, though only 423 held any crypto at the time of the analysis.
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Can DeFi protocols remain neutral when faced with massive criminal exploitation, or must they evolve to avoid regulatory crackdowns?
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Scam reporting in the US is fragmented and needs to come under one system to give better insights into attacks, Coinbase security chief Philip Martin tells Cointelegraph.
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The LastPass hack had been linked to at least $45 million in crypto thefts as of December 2024.
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The SafeWallet team called for continued improvements to user experience and user interfaces to combat similar future threats.
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The US Office of Foreign Assets Control says the marketplace created by Iran-based Behrouz Parsarad facilitated the sale of drugs, fake IDs and hacking resources.
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The crypto industry has rallied behind Bybit after a hack in which North Korean hacker group Lazarus stole over $1.4 billion.
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Crypto crime is surging, with AI fraud, stablecoin laundering and ransomware evolution redefining illicit finance. Can regulators keep up?
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