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Chainalysis’ Crypto Crime Intelligence Briefs Cast Spotlight on North Korea and Iran

New York-based blockchain intelligence firm Chainalysis has launched a new initiative to shed more light on the scope of its latest cryptocurrency crime analyses. Published on May 4, three installments of the firm’s new Crypto Crime Intelligence Briefs provide insights into the mechanisms and routes being used for illicit transactions in

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US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer

Larry Harmon was arrested earlier this week for allegedly participating in a money-laundering conspiracy worth more than $300 million in cryptocurrency involving darknet marketplace AlphaBay. However, the family of the Coin Ninja CEO claims he was never involved with AlphaBay.Harmon’s case raises pressing questions about developer liability in the crypto

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US Lawmakers Call on Communications Regulator to Tackle SIM-Swapping Crime

Democratic lawmakers in the U.S. are demanding are demanding that the Federal Communications Commission (FCC) takes action to tackle the rise in SIM swapping attacks.Responding to the groundswell of reported SIM swap heists, senators Ron Wyden (Ore.), Sherrod Brown (Ohio) and Ed Markey (Mass.) and representatives Ted Lieu (Calif.), Anna

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Chainalysis to Provide Bitfinex With ‘Privacy-Safe’ Tools to Combat Crime

New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution.In a press release published on Dec. 12, both firms took pains to stress that the solution will be privacy-safe, but help Bitfinex to crack down on bad actors using its

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Ledger Vault Secures $150 Million Crime Insurance Policy for Digital Assets

Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, has procured a crime insurance policy developed with broker and risk advisory firm Marsh and insurance company Arch Insurance Limited.According to an announcement on Nov. 14, the Ledger Vault platform now provides its users a customized crime insurance program

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US Congress Asks Financial Crime Director to Study Blockchain Tech

The United States House of Representatives has passed a bill that calls for the Financial Crimes Enforcement Network (FinCEN) to study blockchain technology in its fight against financial crime.On Sept. 19, the House passed the bill “Advancing Innovation to Assist Law Enforcement Act,” which requires the Director of the Financial

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Whale Alert Teams Up With BitcoinAbuse to Fight Crypto Crime

Whale Alert and BitcoinAbuse are teaming up to fight crypto crimes together.Fighting scammersOn Sept. 3, Whale Alert, a service dedicated to tracking large cryptocurrency transactions, announced that it will start collaborating with BitcoinAbuse to better fight cryptocurrency-related crimes.BitcoinAbuse is a public database of Bitcoin (BTC) addresses used by hackers

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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 CryptoX on Aug. 12.According to CipherTrace, outright thefts, scams and other kinds of misappropriation of funds from

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