crypto crime

A new online service, OnlyFake, reportedly utilizing advanced artificial intelligence (AI) technologies, was successful creating counterfeit driver's licenses and passports. These fake IDs were used to pass Know Your Customer (KYC) checks on several cryptocurrency exchanges, raising...

An investigation into copyright violations by the German state of Saxony led to the uncovering of 50,000 Bitcoin (CRYPTO: BTC) acquired using the proceeds of pirated works. What Happened: German authorities announced the seizure of almost 50,000 Bitcoins equivalent to around $2.1 billion after...

Crypto lender Nexo AG on Wednesday said it filed a lawsuit against the Republic of Bulgaria for more than $3 billion for "wrongful and politically motivated actions" against its employees. The lawsuit, filed at the International Centre for Settlement of Investment...

The majority of cryptocurrency transaction volume, roughly 99.6%, is used for legal purposes. That's according to a new crypto crime report by blockchain analytics firm Chainalysis, which found that the total value of cryptocurrency sent to illicit addresses dropped to $24.2 billion in...

The House Financial Services Committee (FSC) is set to conduct an in-depth examination of unlawful activities within the cryptocurrency sector.  The hearing, scheduled for Nov. 15, is titled "Crypto crime in context: breaking down the illicit activity in digital assets,...

Dr. James Wan, a physician from Georgia, has confessed to using Bitcoin (CRYPTO: BTC) in a sinister plot on the dark web to hire a hitman to kill his girlfriend. What Happened: As per Decrypt, Wan utilized Bitcoin, banking on its anonymity, to cloak his murder-for-hire scheme. The plan involved...

With criminals constantly adapting their tactics to stay ahead of law enforcement, a new report highlighted a significant shift in the methods used by bad actors to launder illicit crypto assets. The study, by crypto analytics firm Elliptic, revealed the value of illicit crypto...

In a bid to combat sanctions evasion using cryptocurrency, the IRS criminal investigation division has announced its collaboration with blockchain analytics firm Chainalysis and Ukrainian investigators. The joint effort aims to identify Russian individuals who might be using digital assets to hide...

South Korean authorities have reportedly confiscated approximately $160 million worth of assets from eight individuals associated with the collapse of Terraform Labs (Terra) (CRYPTO: LUNA), including co-founder Daniel Shin. The Seoul Southern District Prosecutor's Office seized around 210...