Cryptocurrency Analysis and News Portal
Cybersecurity specialist Kaspersky foresees a rise in crypto crime ahead, as the COVID-19 epidemic hits national economies.In a report on financial threats for 2021, based on data and patterns from this year, the company said Monday that attacks aimed at stealing bitcoin will “become more attractive as many nations plummet
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Blockchain technology can help countries like Kenya from losing billions of dollars to corruption, according to an official at the United Nations’ drugs and crime agency.David Robinson, the regional anti-corruption advisor at the UN’s Office on Drugs and Crime, believes that new technologies like blockchain will help Kenya combat government
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Investors who say they lost hundreds of thousands of pounds in an alleged cryptocurrency fraud have had no luck persuading the police that there was in fact a crime committed.According to an investigation by the Metro newspaper published Tuesday, a number of investors said they had invested in a cryptocurrency
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Monero, Samurai, Wasabi, OpenBazaar cited as threats in Europol report. Source
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Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements.In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime reporting obligations to include all crypto asset exchange and custodian wallet providers.The regulator says that by extending
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A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies.St. Petersburg’s Petrogradsky District
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On June 30, a Russian criminal court denied a motion to provide restitution to a victim of what would in many jurisdictions be a felony, arguing that Bitcoin (BTC), as a virtual currency, does not enjoy the same property protection as other assets.The case goes back to 2018, when the
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The Seoul Metropolitan Police Agency launched a criminal investigation on June 12, leading to the search and seizure of two unnamed cryptocurrency exchanges. These efforts were enacted with the hope of dismantling an Ethereum (ETH) crime ring worth $41.5M.According to Joongang Ilbo, the alleged crime network promoted its business model
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[sociallocker id="55298"] Per a new report released by digital-asset intelligence firm CipherTrace on June 2, the value of ill-gotten funds siphoned through cryptocurrency crimes over the first five months of the year stands at a whopping $1.4 billion, thus making 2020 a potentially active year in regard to cryptocurrency-related thefts,
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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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