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Bill targeting illicit use of crypto passes US House: Law Decoded
29.7.2024
Legislation focuses on preventing illicit cryptocurrency activities while safeguarding consumer choice
Russian-Speaking Groups Responsible for Majority of Crypto Ransomware Attacks in 2023: TRM Labs
25.7.2024
Inflows to Russia-based crypto exchange Garantex accounted for 82% of the crypto volumes that belonged to sanctioned entities internationally, the report added
2 Promoters of Forcount Crypto Ponzi Scheme Plead Guilty to Wire Fraud Conspiracy
23.7.2024
Two more promoters of the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors out of $8.4 million between 2017 and 2021 – have pleaded guilty to their roles in the scheme
Venezuelan Crime Organization Tren De Aragua Gets Sanctioned by OFAC on Crypto Money Laundering Allegations
18.7.2024
Tren de Aragua (Aragua’s Train), a criminal gang with Venezuelan origins, has been sanctioned by OFAC as a transnational organization engaging in kidnapping, human trafficking, extortion, and other illegal behavior. The U.S. Department of the Treasury also stated that the organization...
Crypto payment service Payeer hit with record $10M fine in Lithuania
10.7.2024
Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks
Cyprus calls for collective crackdown against crypto terror financing
10.7.2024
The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime
Elliptic exposes $11B scam network via Huione Guarantee
10.7.2024
Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether (USDT) transactions
Nintendo Gave Switch Pirates A Chance To Walk Away But They Apparently Refused
2.7.2024
The Switch may be at the end of its life, but Nintendo is still on the hunt for the platform’s biggest pirates. In a pair of new lawsuits, the console manufacture has taken aim at both mod chip sellers as well as the moderator of the popular r/SwitchPiracy subreddit. Read more
Gamer Flies Across Country To Attack MMO Rival With A Hammer
28.6.2024
A man from New Jersey was charged with attempted second-degree murder over the weekend after he flew to Florida and attacked another gamer with a hammer allegedly over a dispute in an MMORPG, according to police.Read more
Florida man convicted in cryptocurrency theft home invasions
26.6.2024
Remy St. Felix of West Palm Beach led violent home invasions to steal cryptocurrencies, targeting multiple states over several months
FCA busts suspects in a $1.2B illegal crypto asset business
21.6.2024
FCA arrests two suspects involved in a $1.2 billion illegal crypto asset exchange, highlighting the agency's efforts to combat financial crime
Federal Agents Crack Down on Drug Ring Using Crypto Mixers
21.6.2024
Holly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating...
Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports
21.6.2024
Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft...
APAC crypto crime spikes amid legal resource shortages: Chainalysis report
20.6.2024
APAC’s struggle with increasing crypto crime is exacerbated by a shortage of legal resources and inadequate training for law enforcement
UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business
20.6.2024
The two suspects were interviewed under caution by the FCA and then released on bail
US Charges Empire Market Operators in $430M Dark Web Scheme — They Face Maximum Sentence of Life in Prison
19.6.2024
The U.S. Homeland Security Investigations has charged two men for operating Empire Market, a dark web marketplace, facilitating $430 million in illegal transactions. The defendants face severe penalties, including life imprisonment. “During the investigation, federal law enforcement seized...
Fake Federal employees target crypto investors: CISA warns
15.6.2024
The Cybersecurity and Infrastructure Security Agency (CISA) warns of a surge in impersonation scams targeting crypto investors
Chinese court sentences gang for money laundering using digital yuan
13.6.2024
The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled
Should Banks Be Crime Fighters? The Hidden (and Not So Hidden) Costs
12.6.2024
Pointlessly onerous anti-money laundering rules lead to debanking of individuals and even entire regions, just as “financial inclusion” is thrown around as a social objective. We need a viable alternative, says Noelle Acheson
Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early Stages
10.6.2024
A new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent stages. Stakeholders can prevent these activities from becoming widespread through timely and measured responses. Data from the same study indicate a surge in tokens...