Crypto Crime Financial News

05.08 / 10:42

Crime crypto regulation Crypto Crime US Senators Propose Bill to Enhance Secret Service’s Authority to Tackle Crypto Crimes

Senators Catherine Cortez Masto of Nevada and Charles Grassley of Iowa have unveiled a new bill to increase the Secret Service’s authority to bolster the fight against cryptocurrency-related crimes.

18.07 / 16:15

Stablecoin Chainalysis Crypto Crime Chainalysis Report: Stablecoins Make Up Majority of Illicit Transaction Volume

While it’s notable that stablecoins are gaining traction , a new report from blockchain analytics firm Chainalysis has found that stablecoins are frequently used for money laundering .

17.07 / 22:33

Binance Crypto Crime Nigerian Doctor Detained Over Binance Executive Medical Records

Dr. Abraham Ehizojie, a medical professional responsible for treating detained Binance Nigeria executive Tigran Gambaryan, has been issued an arrest warrant after he failed to hand over the prisoner’s medical records.

13.07 / 08:18

deepfake Crypto Crime New Bill Suggests “Watermarking” AI Content to Fight Deepfake Scams

A bipartisan group of senators introduced a new bill on July 11 to tackle deepfake scams, copyright infringement, and AI training on data it’s not supposed to.

27.06 / 15:19

deepfake Crypto Crime Deepfake Crypto Scams to Double, Surpassing $25B in 2024

Crypto losses due to deepfake crypto scams are set to exceed $25 billion in 2024, more than doubling last year’s losses, according to Bitget.

21.06 / 16:45

Fraud Crypto exchanges Crypto Crime Man Jailed 2 Years for Identity Fraud in Crypto Exchange Sign-Ups

An Australian man received a two-year prison sentence for cyber-enabled identity fraud, involving the creation of online cryptocurrency accounts using counterfeit documents.

20.06 / 12:51

scam Crypto Crime Bitcoin ATM Scammer Imitating Chase Bank Caught Red-Handed

A Texas police officer foiled an ongoing scam, rescuing an elderly woman duped into depositing $40,000 into a Bitcoin ATM by a Chace Bank impersonator.

19.06 / 22:47

Kraken Crypto Crime Kraken Extorted By Security Research Team, $3 Million Drained In Hack

Crypto exchange Kraken is being extorted by a research team who reportedly withdrew $3 million of the company’s funds as part of a hack after discovering a bug in its funding system, Kraken’s Chief Security Officer Nick Percoco revealed Wednesday morning.

11.06 / 23:17

Crypto Crime British Columbia Officials, RCMP Issue Warning To International Crypto “Money Mules”

The British Columbia Securities Commission (BCSC) and Royal Canadian Mounted Police (RCMP) have issued a warning to ten B.C. residents over their alleged involvement in international crypto fraud schemes, the officials revealed in a press conference Monday.

07.06 / 13:35

Crypto Crime Elliptic Report Reveals the Future of Crypto Crime is AI-Driven

An Elliptic report exposed the rise of AI crypto crimes marking a new era of cyber threats, exploited for deepfake scams, state-sponsored attacks, and other sophisticated illicit activities.

05.06 / 12:43

Crypto Crime Ukraine’s National Police Detain 14 Suspects Linked to Crypto Criminal Ring

The National Police of Ukraine have conducted a probe on a criminal call center ring that defrauded users by promising lucrative crypto investments.

16.05 / 11:57

Bitcoin Etf Crypto Crime China Police Uncover $2B USDT Underground Banking Operation

China’s police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans.

01.05 / 13:25

Bitcoin Crypto Crime 18 Years In Prison for NYC Woman Behind Bitcoin Terrorism Financing in Syria

Victoria Jacobs, aka Bakhrom Talipov, was sentenced to 18 years in prison by a New York State court jury after being found guilty of funding Syrian terrorism through Bitcoin.

30.04 / 14:21

Crypto Crime India and US Team Up To Tackle $360M Crypto-Funded Drug Ring

Authorities from India and the US teamed up in a search operation in Uttarakhand to uncover a $360 million crypto-funded drug ring.

26.04 / 15:59

UK Crypto Crime crypto law UK Law Enforcement Can Seize Crypto More Easily With New Powers

New powers that will make it easier for UK law enforcement agencies to seize crypto come into effect on Friday.

28.03 / 10:13

Quadrigacx Crypto Crime Canadian Authorities Question QuadrigaCX Co-Founder on Source of Funds

Canadian authorities have filed a third “unexplained wealth order” application with the British Columbia Supreme Court targeting the co-founder of QuadrigaCX Michael Patryn to explain how assets were acquired.

14.02 / 06:08

Digital security Bitcoin reports Department Crypto Crime FinCEN Sees Rise in Bitcoin Being Used in Human Trafficking Cases

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) said it has seen a rise in the number of Bitcoin transactions used in connection with human trafficking and online child exploitation cases.

26.01 / 00:37

Blockchain cryptocurrency Crypto Crime Ransomware and Darknet Markets Top List For Most Prominent Crypto Crimes

A new report from blockchain analysis firm Chainalysis found that crypto related crimes decreased in 2023. While notable, findings also show that ransomware and darknet market activity involving cryptocurrency increased considerably.

19.01 / 02:59

Crypto Crime Over $24 Billion in Cryptocurrency Received by Illicit Addresses in 2023, Down 40% from 2022: Chainalysis

Crypto research firm Chainalysis revealed that at least $24.2 billion worth of cryptocurrency was sent to illicit wallet addresses in 2023, encompassing addresses associated with sanctions, terrorist financing, and scams. The figure is considered a conservative estimate, and Chainalysis expects it to rise as more illicit addresses are identified.

16.12 / 14:57

Money laundering USDC TRON Crypto money laundering Crypto Crime CFA CFA Renews Accusations Against Circle, Says CCTP May Be Funding Terrorism via Tron

The Campaign for Accountability (CFA), a nonprofit ethics watchdog, renewed its accusations against Circle on December 14, alleging that the company’s Cross Chain Transfer Protocol (CCTP) is enabling money laundering and potentially funding terrorism.

15.12 / 15:11

interview Rug Pull Crypto Crime Public-Private Partnerships Necessary in Investigating Crypto Crimes: Former IRS Agent and Lead Investigator at Merkle Science

In an exclusive interview with CryptoNews, former IRS agent Richard Reinhardt, now serving as the lead investigator at Merkle Science, talked about growing challenges in investigating crypto-related crimes and the need for public-private partnerships.

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