You Searched For "crypto crime" and got 20 results
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2 mins read
A US government report urges tighter rules around crypto ATMs to clamp down on human trafficking and drug dealing
The GAO report pointed out a loophole in regulations that cover crypto ATMs that could aid illicit …
Isabelle Lee
2 mins read
Cybercrooks laundered $8.6 billion worth of dirty crypto last year as laundering surged 30%, Chainalysis says.
A Chainalysis report showed $8.6 billion worth of cryptocurrency was laundered in 2021, marking a 3…
Adam Morgan McCarthy
2 mins read
Criminal cryptocurrency 'whales' amassed $25 billion worth of assets in 2021
Chainalysis identified the darknet market as the most common source, followed by funds netted throu…
Isabelle Lee
1 min read
Hong Kong arrests 2 siblings for allegedly laundering nearly $50 million via crypto exchange and banks
Customs officers arrested a 28-year old woman and her 21-year-old brother in their home for launder…
Isabelle Lee
1 min read
The Biden administration just rolled out recommendations for regulating crypto that signals potential for a digital dollar and tighter penalties to crack down on crime
The White House's new crypto framework said a central bank digital currency "has the potential to o…
Brian Evans
1 min read
Billionaire investor Charlie Munger compares crypto to a venereal disease and says the US should ban it
Warren Buffett's business partner said some people welcome crypto's usefulness in committing crimes…
Hamza Fareed Malik
1 min read
UK law enforcement has reportedly seized $435 million worth of crypto in criminal investigations in the last 5 years
The London Metropolitan Police discovered most of the illicit bitcoin, seizing £294 million, or $39…
Natasha Dailey
2 mins read
The stunning growth of cryptocurrency markets in 2021 also came with an 80% rise in crypto crimes, new analysis shows
In 2021, crypto-based crimes hit a new all-time high with illicit addresses receiving $14 billion, …
Isabelle Lee
1 min read
A crypto hacker just pulled off one of the largest heists in history, swiping $625 million in tokens
"We are working with law enforcement officials, forensic cryptographers, and our investors to make …
Phil Rosen
2 mins read
Legendary investor Charlie Munger says crypto is a terrible bet, and the US should ban it entirely
Warren Buffett's 99-year-old business partner called out the wild speculation, dearth of regulation…
Theron Mohamed
1 min read
Silvergate shares tumble as the crypto bank's ties to FTX come under a probe by the DOJ's fraud squad
The US Justice Department's fraud unit is probing Silvergate's ties with crypto exchange FTX and it…
Zinya Salfiti
2 mins read
Crypto giant Tether faked key documents to set up bank accounts – and terrorists then used one of them to launder money, report says
Tether is a key player in crypto because it is the issuer of a dollar-pegged stablecoin with a $71 …
George Glover
2 mins read
Founder of now-defunct BitConnect has been indicted for a $2.4 billion crypto Ponzi scheme.
BitConnect has since ceased trading and its founder, Satish Kumbhani, has been charged with a litan…
Adam Morgan McCarthy
2 mins read
Binance named as the top handler of bitcoin from crypto exchange charged in $700 million drug-dealer darkweb bust
Binance was the top receiver of bitcoin from Bitzlato, a crypto exchange shut down by the DOJ and a…
George Glover
2 mins read
'Pig-butchering' scams have netted criminals $75 billion in stolen crypto, study says
Pig-butchering scams involve sending a wrong-number text and then building trust with a victim, who…
Yuheng Zhan
2 mins read
The US Justice Department is tightening its oversight of cryptocurrencies with the launch of 2 new enforcement initiatives
One of the initiatives is called the "National Cryptocurrency Enforcement Team," which will tackle …
Isabelle Lee
2 mins read
The boom in NFTs has led to a spike in crime around digital collectibles. Here are 2 of the most rampant schemes, according to Chainalysis.
Chainalysis identified two rampant schemes criminals used in 2021—wash trading and money laundering…
Isabelle Lee
2 mins read
Crypto scammers have reportedly stolen ₹1000 crore off Indian users by posing as fake exchanges
The CoinEgg scam uses fake domains and social media accounts to coax users into investing in fake e…
2 mins read
Indian investors have lost nearly ₹1,000 crore to fake cryptocurrency exchanges
Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several phi…
1 min read
Avalanche-based DeFi platform Vee Finance says it's lost $35 million in ether and bitcoin in a crypto hack
Avalanche-based platform Vee Finance said Tuesday it had been hacked and a total of around $35 mill…