Tag Archives: Crime

The Cybersecurity and Infrastructure Security Agency (CISA) has warned crypto users in the US about rising cases of impersonation scams, in which scammers impersonate federal officers to extort users. This new wave of scams adds to the lengths scammers go to part users from their crypto. The CISA alerted users, stating, “Impersonation scams are on the rise and often use the names and titles of government employees. The Cybersecurity and Infrastructure Security Agency (CISA) is aware of...

Nigeria’s Federal Inland Revenue Service (FIRS) has dropped tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. Gambaryan remains detained in the Kuje prison. Anjarwalla escaped the prison and fled Nigeria in March. The executives were arrested in February when a meeting with Nigerian officials took a turn. It was the second time they visited the country, with the previous one occurring a month ago, which also seemed off. The FIRS now holds Binance, the firm,...

UwU Lend, a crypto lending protocol, was exploited twice within three days as the attacker walked away with about $23.7 million. The first attack came on June 10, with the attacker walking away with $20 million in crypto from the platform. Today’s attack resulted in an additional loss of around $3.7 million. The second exploit was an extension of the first as they still had funds left on the protocol, which they withdrew less than three days after the first incident. Essentially, the...

Akira, an infamous ransomware, has set its eyes on Singaporean businesses after wreaking havoc on others worldwide within a year. It has stolen over $42 million from about 250 firms operating in regions like North America, Europe, and Australia and now arrived in Singapore. Officials warned organizations throughout the city-state to beware. In an X post, the Cyber Security Agency of Singapore stated, “CSA, the Singapore Police Force (SPF), and the Personal Data Protection Commission (PDPC)...

An illegal Indian crypto operation that scammed a foreign resident was busted by the authorities who arrested the perpetrators along with proof and tangible assets like jewelry. The operation involved Prafful Gupta and multiple associates targeting a foreign woman, claiming her bank account was insecure and convincing her to transfer funds worth $400,000. The arrests came after the Central Bureau of Investigation (CBI) filed a First Information Report (FIR) against Prafful and the others...

Binance Executive Tigran Gambaryan has been held captive in a Nigerian prison since February. A group of over 100 ex-US prosecutors are demanding the government to step up to free him. Gambaryan, Binance’s Compliance Head, was arrested in Nigeria along with his colleague Nadeem Anjanwalla after their meeting with government officials went awry. Anjanwalla managed to escape prison and flee the country, but Gambaryan remains arrested. Nigerian officials detained both executives on false...

In an innovative scheme, cybercriminals have attacked a prominent newsletter distribution platform that caters to several crypto platforms, including exchanges and crypto analytics platforms. CoinGecko’s Co-Founder and COO, Bobby Ong, confirmed that there was indeed a breach within an undisclosed, third-party newsletter distributor’s platform. He said, “We at CoinGecko may be potentially affected and are actively working with our vendor to investigate further to determine the extent of this...

Weidong Guan, who also goes by Bill Guan, was charged by the Department of Justice (DoJ) for participating in a scheme that laundered $67 million in illicitly obtained funds. The scheme depended on cryptocurrency and prepaid debit cards to funnel funds into Epoch Times’ bank accounts as well as Guan’s personal bank and crypto accounts. The Epoch Times is a global media platform catering to conservative audiences and is often known for bashing the Chinese government. However, the media outlet...

Blockchain analytics company Elliptic said that its researchers have made progress in leveraging artificial intelligence (AI) to detect money laundering in Bitcoin. A recent paper detailing this research was co-authored with researchers from the MIT-IBM Watson AI Lab. Elliptic revealed a successful identification of illicit proceeds deposited at a cryptocurrency exchange, new patterns of money laundering transactions, and previously unidentified illegal wallets upon utilizing...

With increasing cryptocurrency-related crimes in Hong Kong, Bitrace has ramped up its efforts to tackle the problem. The prominent data analysis company has reportedly conducted training sessions on on-chain fund tracking for members of the Hong Kong Police Force. Bitrace Bolsters Efforts to Combat Crypto Crimes The latest initiative is part of the company’s Corporate Social Responsibility efforts that aim to improve law enforcement’s understanding of blockchain technology,...