Is Bitcoin A Tool For Criminals? Drug Cartels Prefer Banks

A report from The International Narcotics Control Board (INCB) shows that bitcoin is not the preferred method for drug cartels and other criminal groups to launder money, they rather use banks. This opposes the widespread narrative that claims the digital coin creates the opportunity for crime. дальше »

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FBI takes precautions as crypto crime increases 80%. Are the figures as bleak as they sound?

The FBI has been very active on crypto-related crimes throughout 2021. The post FBI takes precautions as crypto crime increases 80%. Are the figures as bleak as they sound? appeared first on CryptoSlate. дальше »

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“Zuckerberg’s sister just committed a crime:” users ridicule new crypto anthem

Randi Zuckerberg, the former director of market development and spokesperson for Facebook and Mark Zuckerberg’s sister, has recently published a new crypto-endorsing music video titled “We’re all gonna make it. дальше »

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The Crypto Crime Series: Money laundering underpins all forms of cryptocurrency crime

The rise in cryptocurrency-related crime we’ve seen in the past year has been somewhat expected. The post The Crypto Crime Series: Money laundering underpins all forms of cryptocurrency crime appeared first on CryptoSlate. дальше »

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Blockchain forensics is the trusted informant in crypto crime scene investigation

As mainstream adoption of crypto increases, blockchain forensics is enabling law enforcement to recover stolen crypto, making the space more secure. дальше »

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The Crypto Crime Series: Illicit activity represents only 0.15% of the market

According to the latest report from Chainalysis, total transaction volume grew to $15. 8 trillion last year, up 567% from 2020’s total. The post The Crypto Crime Series: Illicit activity represents only 0. дальше »

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Report: With over $11 billion in criminal crypto wallets, here's how the future looks

News related to cryptocurrency crime has been in abundance for a while, often starving the industry of its legitimacy. However, the same technology also lends it credence due to the accessibility of wThe post Report: With over $11 billion in criminal crypto wallets, here's how the future looks appeared first on AMBCrypto. дальше »

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Report: Crypto ransomware payments in 2021 was over $600 million

Cybercriminals are receiving a high percentage of their payments in Bitcoin and Monero, according to a Chainalysis report.   The Crypto Crime Report examines the prevalence of illegal activities in the crypto space last year. дальше »

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Feds Arrest Crypto CEO for Bitcoin Laundering, But Her Real Crime Was Against Rap Music

It’s 2022, so naturally, the feds have brought down a Bitcoin-laundering power couple — one half of whom is a crypto wallet CEO who is also an extremely bad rapper. Heather Morgan and Ilya “Dutch” Lichtenstein were arrested by federal agents on Tuesday for allegedly laundering $4. дальше »

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Chainalysis обнаружила «значительные» объемы фиктивной торговли на рынке NFT

Аналитическая компания Chainalysis сообщила о "значительных" объемах фиктивной торговли на рынке NFT и притоке нелегальных активов для отмывания. In the latest preview of our 2022 Crypto Crime Report, we look at #NFTs and crime. дальше »

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Usage Of Crypto In Crime Very Low Compared To Fiat, Admits Europol

The number of cases involving the use of cryptocurrencies in funding terrorism and money laundering crimes is actually countable globally. The value of crypto transactions involved in these crimes is also dwarfed multiple folds by the value of fiat dealt in these forms of crime. дальше »

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Indonesia's trading regulator approves trade Bitcoin, Ethereum, Cardano, but not...

Crypto-trading in Southeast Asia can range from commonplace to a religious crime. However, investors in Indonesia could soon trade cryptocurrencies - legally. On 30 January, CNBC Indonesia reportedThe post Indonesia's trading regulator approves trade Bitcoin, Ethereum, Cardano, but not... appeared first on AMBCrypto. дальше »

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Chainalysis report reveals $8.6 billion in crypto laundered in 2021, more than 2020

Crypto crime can be a controversial subject, as the often unregulated nature of the asset makes it easy to accuse investors and entrepreneurs of money laundering - while missing out on real scammers aThe post Chainalysis report reveals $8. дальше »

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Tether freezes three Ethereum addresses holding $150 million in USDT

World’s largest stablecoin issuer Tether has added three more Ethereum addresses to its blacklist that held nearly $150 million worth of USDT.   Being a centralized company, Tether has the authority to freeze accounts comprising dubious funds related to crime and money laundering. дальше »

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Pakistan: Binance gets pulled up by the regulators as Ponzi mobile apps surface

Pakistan's Federal Investigation Agency's (FIA) Cyber Crime Wing has issued a notice to crypto exchange Binance while investigating a scam, local media reported. Notably, the reports that FIA has aThe post Pakistan: Binance gets pulled up by the regulators as Ponzi mobile apps surface appeared first on AMBCrypto. дальше »

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Scammers pinched a record $14B from the crypto market in 2021

Crypto scammers made away with $14.00 billion (£10.34 billion) in the past year, setting a new record for the highest amount pinched from the industry. Blockchain analytics company Chainalysis disclosed this news through its annual Crypto Crime report, noting that the crypto space recorded a 79% rise in the amount of money lost to scams […] The post Scammers pinched a record $14B from the crypto market in 2021 appeared first on Invezz. дальше »

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Op-ed: The myth of cryptocurrency crime

One of the most pernicious myths about crypto is that they are widely adopted for criminal use.

The post Op-ed: The myth of cryptocurrency crime appeared first on CryptoSlate.

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UAE Introduces New Law to Combat Crypto Crime, Allows Licensed Cryptocurrency Offering & Promotion

The United Arab Emirates (UAE) is introducing new rules to promote cryptocurrency development while curbing digital currency scams targeting investors in the country. Under the new rules, crypto scammers will face prison time for up to 5 years and a penalty of up to AED 1 million (just over $272k), starting January 2, 2022. дальше »

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India police officer discusses crypto crime, warns against using unauthorized private wallets

Crypto crime and cyber crime is on the rise. There's no denying this. Various methods, such as lucrative investment opportunities, illegitimate bank transfers and cryptocurrencies, are being used by fThe post India police officer discusses crypto crime, warns against using unauthorized private wallets appeared first on AMBCrypto. дальше »

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Rug pulls pushed this year’s crypto scam revenue over $7.7 billion, Chainalysis finds

Scams again emerged as the dominant form of cryptocurrency-based crime by transaction volume, a preview of Chainalysis’ Crypto Crime Report revealed. The post Rug pulls pushed this year’s crypto scam revenue over $7. дальше »

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Crypto security breaches are up 850% in the last decade

Cryptocurrency crime stands in direct proportion to the size of the cryptocurrency market. It is estimated that the cryptocurrencies stolen between January 2011 and December 2021 amount to $12. 1 billion. дальше »

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Crypto-regulations and the question of another 'Snowden' showdown in the making

Anti-money laundering laws came under the spotlight following the 11 September 2001 attacks. However, money laundering has been a major crime in the U.S since 1986. But, that's not all. In fact, moneyThe post Crypto-regulations and the question of another 'Snowden' showdown in the making appeared first on AMBCrypto. дальше »

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Blockchain Is Disrupting the Future of KYC, From Digital Identities to Shared KYC Frameworks

Know Your Customer (KYC) procedures play a fundamental role in the combat against money laundering and the financing of terrorism (CFT). According to a 2018 report by KPMG, banks spend close to $25 billion every year on financial crime risk management. дальше »

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Looking for More Than Just an NFT? How About Joining a Family? And Not Just Any Family

Secret Society is poised to release a unique Mafia-themed NFT collection in a couple of weeks. The collection features 9,999 unique NFTs stored as ERC-721 tokens on the Ethereum blockchain.  “We have always been intrigued by the legendary crime families and their codes of honour and secret rituals. What better theme than for a SecretRead More дальше »

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IRS sees major crypto seizures in 2022 amid the implementation of the infrastructure bill

The US recently implemented the infrastructure bill to include crypto activities within the regulatory scope of the Internal Revenue Service (IRS). The IRS has now stated that it expects the total crypto seizures in 2022 from money laundering and crime to come to billions of dollars. дальше »

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FCA to Pay Experts Over $600,000 to Combat Crypto Crime

The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, is looking to hire Experts that would help monitor cryptocurrency transactions for money-laundering, and other illicit activities. дальше »

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Research: DeFi App Users Lost $10.5 Billion In 2021 Due To Theft And Fraud

Losses from crime and theft associated with decentralized finance applications jumped 7 times in a year to reach $10.5 billion, according to a new study.

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Crypto DeFi crime hit $10.5 billion in 2021, research shows

Fraudulent activities have been running rampant on Decentralized Finance (DeFi) platforms, according to new research conducted by crypto analysis firm Elliptic.   The losses have amounted to up to $10. дальше »

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U.S. Treasury Department & Israel Form Joint Venture to Combat Cyber Crime

The U.S. and Israel join forces to combat the growing threat of ransomware attacks that often leave fiscal destruction in their wake for the affected victims. The post U.S. Treasury Department & Israel Form Joint Venture to Combat Cyber Crime appeared first on BeInCrypto. дальше »

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China e-CNY follows this principle, work on multi-CBDC bridge in progress

The world has been watching the rapid rollout of China's digital yuan, across the country. However, this was also reportedly followed by the country's first crime involving the CBDC. According to repoThe post China e-CNY follows this principle, work on multi-CBDC bridge in progress appeared first on AMBCrypto. дальше »

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FTX US Adds TRM Labs to Compliance Tech Stack

FTX US , a leading US-regulated cryptocurrency exchange, today announced it has implemented a full suite of anti-financial crime compliance and risk management tools developed... дальше »

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3 Things Expected From New York’s Latest Crypto-Friendly Mayor, Eric Adams

New York just got its latest Mayor, ending the reign of the outgoing mayor, Bill de Blasio who himself will be looking to take up the city’s governorship position in 2022. Adams, who strode to victory on the wings of the Democrat party — New York’s predominant party, has promised to fight crime, tackle COVID-19, […] дальше »

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$1.4 million lost in a recent Bitcoin related scam

Cryptocurrency trading has increased worldwide to a significant level. So has the level of crypto-related crime. Reports of crypto-related fraud and scams being run by criminals have been reported toThe post $1. дальше »

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DoJ Forms Cryptocurrency Crime ‘Enforcement Team’

The Department of Justice will soon have two new tools on its belt to combat cybercrime. A cryptocurrency enforcement team will go after cybercrime while a separate department will go after those who fail to report such crimes. дальше »

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Biden Administration Seeking to Impose Banking Regulations on Stablecoin Issuers

Meanwhile, the top US national security advisers will gather officials from 30 countries with plans to combat cyber crime and improve law enforcement collaboration on "the illicit use of cryptocurrency. дальше »

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Chainalysis: Восточная Европа вошла в лидеры по количеству незаконных криптотранзакций

Специалисты компании Chainalysis проанализировали связанные с незаконной деятельностью криптовалютные транзакции с июля 2020 года по июнь 2021 года. Read our latest blog for a breakdown of cryptocurrency-related crime in Eastern Europe, with a special focus on scams and ransomware. дальше »

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Brazil’s Police Force Seizes 591 Bitcoin In Country’s Largest Crypto Seizure

The Brazilian Police Force confiscated 591 bitcoin amounting to 150 million Brazilian real (about $28.6 million) in a crackdown on a suspected fraudulent scheme. According to a CNN Brazil report, federal police as part of “Operation Kryptos” – an ongoing investigation of an alleged financial pyramid scheme arrested 5 persons in connection with the crime […] дальше »

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Crypto Is Fueling Crime, According to Participant of Biden’s Cybersecurity Meeting

Crypto was allegedly a hot topic during Joe Biden’s big cybersecurity meeting дальше »

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Victoria’s Cyber Crime Division Seizes a Record Amount of Cryptocurrency

Police in Victoria has seized what they believe is the largest amount of crypto ever by Australian police. The post Victoria’s Cyber Crime Division Seizes a Record Amount of Cryptocurrency appeared first on BeInCrypto. дальше »

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Wild Bitcoin Price Explosion Forces Sweden To Return $1.6M To Drug Dealer

An earlier case that marked the first instance for Sweden to prosecute a crypto-related crime will now see a jailed drug dealer receive over $1. 6 million from the Swedish government after bitcoin appreciated tremendously while he was incarcerated. дальше »

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Protect your assets with risk control strategies on Huobi Global

Mainstream interest in DeFi is on the rise, but so is DeFi-related crime—and the latest hack may just be the biggest crypto attack in history.  On August 10th, Poly Network, a computer protocol The post Protect your assets with risk control strategies on Huobi Global appeared first on AMBCrypto. дальше »

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Uppsala Security’s Digital Asset Tracking Service for crypto theft victims is now available

Uppsala Security, a provider of security tools and services for crypto AML/CTF,  transaction risk management, regulatory compliance, today announced the launch of its Digital Asset Tracking Service, a solution specially created for victims of ransomware and crypto crime caused by theft, hacking, and fraud. дальше »

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UK Police Seizes $22.25 Mln in Ether & Other Cryptos in a BSC-based Scam

“It's vital that we as a force adapt to what is an emerging type of crime, and demonstrate that there will be repercussions, regardless of the platform this fraudulent activity takes place on,” said Detective Chief Inspector Joe Harrop of Greater Manchester Police's Economic Crime Unit. дальше »

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Bitcoin can't be viewed as an untraceable 'crime coin' anymore

Yes, some criminals use Bitcoin, but the innovation behind this technology improves the financial system.

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Here’s What Happens To All Of The Crypto Assets The IRS Seizes

Crypto continues to be a controversial asset when it comes to the law and crime. Just this fiscal year alone, the IRS has seized $1. 2 billion worth of cryptocurrency. The U. S. government started seizing crypto assets during the Silk Road shutdown of 2013. дальше »

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Alipay Against Crypto Crime: 380 Criminal Groups Busted For Using Crypto in Money Laundering

Ministry of Industry and Information Technology in China has detained more than 380 criminal groups that had used crypto for money laundering and in telecom frauds дальше »

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The European Union (EU) Introduces New Agency To Monitor Crypto And Curb Money Laundering

The EU is stepping up its anti-money laundering (AML) game and crypto monitoring with the introduction of a new agency. European Commission Proposes New Anti Money Laundering Regulator Documents seen by Reuters confirmed that the EU bloc is taking a tougher stand on money laundering, terrorist financing, and organized crime. дальше »

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Russian lawmakers prepare legal amendment to confiscate crypto

Russia’s prosecutor general, Igor Krasnov, says new crypto regulations are needed to combat corruption as — in his view — digital assets are often used to facilitate crime. дальше »

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Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests

Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. дальше »

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Banning cryptocurrencies to counter crime is a nonsensical excuse

Cryptocurrencies represent far less of a market for criminals compared to traditional finance, so crypto bans won’t solve the problem. дальше »

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