Tag Archives: Bitcoin Crime

The Australian Securities and Investments Commission (ASIC) has announced that a 21-year-old mother has been arrested following an investigation into an online syndicate accused of stealing and laundering millions of dollars worth of funds from superannuation and share-trading accounts through the use of cryptocurrency. ASIC alleges that the suspect, Jasmine Vella-Arpaci, comprised a key member of a criminal syndicate self-identified as ‘Team Awesome’. The group is accused of purchasing...

Russia’s second most popular sport, ice hockey, has been stained by one of its former stars in a fraudulent cryptocurrency deal. According to Russian information agency TASS, ice hockey player Igor Musatov was arrested on Sunday over his alleged involvement in a Bitcoin fraud scheme in which the victim lost approximately $700,000. He has been detained for 30 days. How an IT pro fell for a Bitcoin fraud Per court documents, the victim of the $700,000 cryptocurrency fraud was identified as...

The Trump administration sanctioned North Korea's Lazarus Group, which raked in $571 million from Bitcoin thefts. | Source: Shutterstock North Korea’s notorious state-sponsored hacker team Lazarus Group - the one responsible for stealing more than $500 million from Bitcoin exchanges around the world - has finally been sanctioned by the Trump administration. This is...

Another day, another case of extortion involving bitcoin. | Source: Shutterstock The website of a Florida-based car parts dealer is currently out of service after a hacker hijacked the domain name and shuttered its hosting provider’s account to ransom it for Bitcoin. Per legal documents and a ransom note that was produced in court where the victim obtained a temporary order preventing the domain name from being transferred from its current host, the domain name of XPort Auto Parts Inc,...

The U.K. arm of cryptocurrency exchange Coinbase has reached a settlement with a digital asset fund manager whose stolen bitcoin worth over a million dollars was transferred to the exchange.According to Law360, Coinbase U.K. struck a deal with the CEO of Alphabit Liam Robertson to discontinue the legal dispute that had been raging for about two months.Liam Robertson, CEO of AlphabitThe legal dispute started after Robertson lost bitcoin worth over $1 million in an email phishing attack. This...

Ransomware extortionists get counter-offered to zero. | Source: ShutterstockWhen ransomware attackers targeted the city of New Bedford, Massachusetts, two months ago demanding $5.3 million in Bitcoin, they must have felt very confident when turning down a counter-offer of $400,000 that the city presented. That feeling probably turned to regret soon thereafter as it has now emerged that the U.S. city did not bid up.According to Mayor Jon Mitchel, instead of offering more, the city decided to...

A near million-dollar bitcoin ransom has secured the freedom of a kidnapped Chinese national in Sydney. | Source: ShutterstockThe Chinese pre-university student who was reported kidnapped late last month in Australia for 80 Bitcoin has been rescued and reunited with his family. The Chinese Consulate-General in Sydney confirmed that the 20-year old Ye Jingwang who was studying at the University of Technology Sydney had been found ‘safe’ and in ‘good health’.The Chinese Consulate-General in...