Fake Coinbase website leads to $20M fraud, 5-year sentence
[Oct 18 5:18 PM] A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence.
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ZachXBT claims there is an uptick in thieves targetting crypto traders offline
[Oct 13 6:07 AM] Online platform GitHub has a list of at least 15 recorded incidents of in person crypto theft in the last year, around 17 in 2023, and 32 in 2021.
Tether Helps Dutch and US Authorities Seize $7.8M in Crypto
[Sep 27 1:30 PM] Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in…
Owner of unlicensed UK crypto ATM network faces criminal charges
[Sep 10 4:29 PM] The FCA is throwing the book at the head of Gidiplus Limited for operating an ATM network after being denied registration.
Tron, Tether, and TRM Labs Join Forces to Tackle Crypto Crime
[Sep 10 3:40 PM] Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to…
Malaysian kidnappers abducted Chinese man for $1M USDT: Report
[Aug 15 9:40 AM] Six Malaysian nationals, including a couple, have been charged with kidnapping a Chinese citizen and demanding a ransom of $1 million in USDT.
4 suspects forced a Bitcoiner to transfer BTC before killing him, police say
[Jul 30 2:11 AM] Kyiv Police and the nation’s special police unit have arrested and detained four suspects believed to be responsible for the foreign national’s murder.
Elliptic exposes $11B scam network via Huione Guarantee
[Jul 10 3:39 AM] Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether (USDT) transactions.
Florida man convicted in cryptocurrency theft home invasions
[Jun 26 1:36 AM] Remy St. Felix of West Palm Beach led violent home invasions to steal cryptocurrencies, targeting multiple states over several months.
Federal Agents Crack Down on Drug Ring Using Crypto Mixers
[Jun 20 10:24 PM] 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…
Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports
[Jun 20 6:31 PM] 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…
APAC crypto crime spikes amid legal resource shortages: Chainalysis report
[Jun 20 7:00 AM] APAC’s struggle with increasing crypto crime is exacerbated by a shortage of legal resources and inadequate training for law enforcement.
Fake Federal employees target crypto investors: CISA warns
[Jun 15 3:40 AM] The Cybersecurity and Infrastructure Security Agency (CISA) warns of a surge in impersonation scams targeting crypto investors.
Hospitality worker jailed for $2.5B Bitcoin laundering scheme
[May 29 6:21 AM] The authority’s suspicion was based on Wen's change in lifestyle. In 2017, she reportedly moved to a six-bedroom mansion in North London.
Kronos Research hacker moves $3.7M to Tornado Cash after Ethereum price surge
[May 21 6:03 AM] The transfer occurred after Ether's price rose over 20% during the past day, boosted by a potential U-turn by the United States SEC.
Tether freezes $5.2M in USDT linked to phishing scams
[May 14 2:48 AM] Since it launched, Tether has frozen over $1 billion worth of assets linked to illicit activities after requests from law enforcement agencies.
Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt
[May 1 11:04 PM] Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report.
US Treasury Cites Rising Cryptocurrency Misuse in 2024 National Risk Assessments
[Feb 8 11:30 PM] In its 2024 National Risk Assessments, the U.S. Department of the Treasury has unveiled the concerning trend of criminals increasingly turning to cryptocurrencies to finance illegal activities. US Treasury Reports Identify Crypto’s Role in Illicit…
UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program
[Feb 8 8:00 PM] In a recently reviewed unpublished report by Reuters, United Nations (UN) sanctions monitors have alleged that North Korea engaged in a massive theft of crypto assets, raking in $3 billion through cyberattacks. Nuclear Upgrades And Crypto…
Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered
[Feb 2 7:00 PM] In recent developments, two California school district officials have admitted guilty to stealing up to $1.8 million and misappropriating electricity to finance and operate a clandestine crypto-mining operation. The United States Department of…
Down Big: Crypto Scamming Numbers Reduced In 2023 – Report
[Jan 18 6:00 PM] 2023 started with a challenging overall landscape for the crypto market that continued throughout the rest of the year. However, the market saw a recovery with a spike in bullish sentiment and ended the year on a positive note. Additionally, 2023…
Crypto Crime Amounted to Over $24B in 2023: Chainalysis
[Jan 18 8:00 AM] The figure is nearly 40% less than that of 2022, however it is only provisional, Chainalysis stressed.
Ex-Deutsche Bank Investment Banker Faces Up to 30 Years in Prison for Crypto Fraud
[Sep 20, 2023 6:30 PM] A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than…
Crypto CEO Bags Record Breaking Prison Sentence For $2 Billion Theft
[Sep 11, 2023 2:00 PM] Former CEO Faruk Fatih Özer of the bankrupt Turkish crypto exchange Thodex has been given a record-breaking prison sentence for stealing $2 billion in customer funds. Crypto CEO Sentenced To 11,196 Years Prison Sentence On Thursday, September 7…
Another Crypto Millionaire Has Been Found Dead
[Aug 16, 2023 4:40 AM] Another shocking discovery has rattled the crypto sector as Christian Peev, a 41-year-old US cryptocurrency investor has been found dead. Christian Peev’s Alleged Murderer Was A Friend According to Peev’s cousin, the crypto investor…
UK to expand crypto crime agency, hiring spree underway
[Aug 7, 2023 2:47 AM] The job involves investigating crypto fraud, money laundering and other blockchain-based crime performed by organized groups.
Crypto Crime Plummets in 2023, Down 65% Overall, Chainalysis Says
[Jul 17, 2023 5:30 AM] Cryptocurrency-related crime is down significantly this year, according to data by Chainalysis. Specifically, the blockchain analytics firm explained that crypto inflows to known illicit entities are down 65% compared to the previous year while…