Tag Archives: crypto crime

11 members of a drug operation have been arrested and jailed after taking part in an operation through which they sold 40 kilograms of cocaine on the streets of the United Kingdom. Crypto Crime in the United Kingdom is Getting Bigger However, once they were placed behind bars, their crimes didn’t end. They got in touch with friends and family members and used them to launder their criminal funds through Coinbase, one of the biggest and most popular digital...

When it comes to crypto crime, a new report issued by blockchain analysis firm Chainalysis shows that there’s good news and bad news. The good news is that such crime is down across the board. About 65 percent down, to be exact. The bad news is that much of the crime in the crypto arena has shifted to ransomware. Chainalysis Report Shows Ransomware Growing 2022 was arguably the worst year on record for crypto. It brought about one of the worst bear markets in...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Aria DiMezzo has been sentenced to 18 months in prison after she was charged with running an unlicensed crypto exchange. The platform was ultimately used by scammers who defrauded elderly individuals in ongoing romance scams. Aria DiMezzo Will Serve Her Time in Prison DiMezzo was one of six people charged...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Calgary, Canada is setting up a new training and investigations hub hosted by local police authorities. The purpose is to deal with rising crypto crime that residents have reported. The goal is to keep crime numbers down and make sure people know how to avoid digital scams in the future. Calgary Gets Serious...

Blockchain analysis firm Chainalysis says in a new report that crypto crime fighting has been effective to some degree. While the amount of crime hasn’t necessarily fallen in recent years, the fight against it has limited criminals to certain platforms when cashing out, transferring their stolen funds into fiat, or engaging in illicit transactions. New Chainalysis Report Says Criminals Don’t Have That Many Enterprises In its report, Chainalysis says most criminals are...

Chainalysis – a known blockchain analysis company – has partnered with Cellebrite DI, a global leader in digital intelligence solutions to assist customers and help them identify criminal crypto activity. Chainalysis Is Looking to Uncover More Crime The goal is to ensure resolutions happen and happen quickly. The crypto space has become synonymous with crime in recent years, with recent examples of illicit activity including hacks on the Harmony exchange in Northern...

A new crypto book is coming to store shelves everywhere. The nonfiction work is titled “Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency.” It is being optioned by a film company called Jigsaw Productions, and adaptations are being developed in multiple media forms. The book is written by Andy Greenberg, a reporter and writer for Wired. New Crypto Book Details Tracking Crime The book follows a group of investigators that have uncovered ways of...

The crypto space saw unprecedented growth last year, and unfortunately, this led to a heavy surge in crypto-related crime. According to a new study conducted by blockchain analysis firm Chainalysis, illicit activity in the crypto space saw approximately $14 billion in crypto go to scam or fraudulent addresses. Chainalysis: The Amount of Crime Nearly Doubled in 2021 Compare this number with the $7.8 billion that was stolen in the year 2020. From one year to the next, the...

Crypto crime is no laughing matter and as we have seen in the past, it can take on many forms. It does not always come in the shape of a cyberattack or a hack on an exchange. Rather, sometimes people will try to use crypto to hide their malicious intent. Crypto Crime Isn’t Always a Hack One recent case allegedly involves a man in Rome, Italy, who is presently under house arrest after being accused of paying an attacker approximately $12,000 in BTC to maim his ex-girlfriend. Police claim that...

There is still much concern amongst government regulators surrounding cryptocurrency fraud and illicit usage. Everyone is so terrified that cryptocurrencies are being used to commit crimes and engage in wrongful behavior, but according to a new report issued by Citibank, this really isn’t something that people need to be so concerned with, as fraudulent activity involving bitcoin and its digital cousins has gone down significantly over the past few years. Citibank:...