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Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019: Study

Cyber criminals have netted $4.3 billion from digital currency exchanges, investors and users in 2019. Blockchain security company CipherTrace gave its summary crypto-related theft in its Anti-Money Laundering report that it shared with Cointelegraph on Aug. 12.According to CipherTrace, outright thefts, scams and other kinds of misappropriation of funds from

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UK Government Takes on Dirty Money in the Crypto Market with New Economic Crime Plan

From the year 2020 going forward, the United Kingdom government will attempt to make the UK very unsafe for criminal economic activities. This was disclosed in the newly-curated Economic Crime Plan that would take effect next year. Crypto, not surprisingly, is part of the plan as well.The move to partner

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New US ‘Digital Taxonomy’ Bill to Allocate $25 Million Annually to Prevent Crypto Crime

The so-called Digital Taxonomy Act of 2019, which United States legislators introduced yesterday, April 9, offers to allocate the Federal Trade Commission (FTC) $25 million annually to prevent crypto-related crime.The document was introduced to the U.S. House of Representatives by Rep. Darren Soto (D), who is known for his

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India Targets Cryptocurrency Crime аs Part оf Cyber Security Offensive

Cryptocurrency crime forms one focus of a dedicated cybercrime lab launched by Indian authorities this week, Indian daily news outlet The Hindu reported on Feb. 19.As part of efforts to step up the fight against internet-based adversaries, India’s Union Home Minister Rajnath Singh inaugurated the cyber forensic lab and Cyber

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Crypto Crime: Tokyo Fuzz Arrest Eight In $68M Bitcoin Pyramid Scheme

$68.42 Million Stolen In Bitcoin Scheme Since Bitcoin’s inception, a mere decade ago, malicious users of the world’s first blockchain have sought to capitalize on the pseudonymous and anti-governmental nature of the Bitcoin Network and other crypto platforms. And although governments have begun to crack down on this innovation, crypto-related schemes

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