Cryptocurrency Analysis and News Portal
While scams like these often only damage a single victim at a time, it can still be big money. NCET, along with other agencies, booked upwards of $112,000,000 from busting six such U.S.-based scams. The Federal Bureau of Investigation (FBI) estimates $3.31 billion was stolen from people in 2022 through
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The Internal Revenue Service (IRS) is planning to send investigators to four countries where they are expected to tackle the use of crypto and decentralized finance products in global financial and tax crimes. According to the tax collector’s spokesperson, the IRS will be able to determine the success of the
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The Hindenburg allegations drive home the deep conflict of interest inherent to this dynamic. Whether or not it was a conscious, deliberate strategy, Cash App’s popularity for illicit transactions did, in whatever small way, feed into its bottom line. This is even more obvious and direct when banks cater to
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The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the country.In a policy paper released on March 30, the U.K. Treasury and Home Office said it planned to “robustly” regulate crypto to fight
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31 March 2023 Stephen Bonner is the ICO's Deputy Commissioner for Regulatory
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On the evening of Jan. 7, Anatoly Legkodymov, founder of the cryptocurrency exchange Bitzlato, was arrested in Miami. The following day, the United States Department of Justice (DOJ) unsealed a complaint in federal court charging him with “conducting
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In the future, HAPI is considering using AI to automate report approval, too, Letsyuk said: “We’re now feeding the reports we get to the [latest AI product by OpenAI] GPT-4 – it looks very raw at this point, but promising. Not trying to catch some hype here, but we believe
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The Information Commissioner’s Office (ICO) has issued a reprimand to the Metropolitan Police Service (MPS) following several issues identified around their uploading, amending and deleting of various criminal intelligence files relating to Organised Crime Groups (OCG). The breach is
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Kim Grauer, the blockchain sleuthing firm's head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction volumes last year. Original Source
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By taking advantage of flaws in virtual systems and user behavior, such as malware infections, phishing scams and illegal access to personal and financial information, cybercriminals prey on the metaverse. Cybercriminals may target the metaverse in a variety of ways, including: Phishing scams: Thieves may employ phishing techniques
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