Cryptocurrency crime

French authorities are on the hunt for armed men who attempted to kidnap a woman, believed to be the daughter of a cryptocurrency tycoon, on Tuesday. What Happened: Three men in a van arrived in a busy street in Central Paris with the intent to kidnap the woman, reported Le Parisien, a...

IAndrey Zverev, identified as a Russian operative in China, reportedly facilitated transactions on behalf of Kalashnikov Concern, Russia's leading small arms manufacturer. What Happened: Using Tether (CRYPTO: USDT), Zverev successfully transferred millions of dollars to secure electronic parts for...

Addressing the critical need for enhanced security in mobile communications, Cloaked Wireless announced on Wednesday that it rolled out a new suite of services to safeguard users against the increasing threat of SIM swap and port-out attacks. What Happened: The company now...

Blockchain security firm Blockfence recently uncovered an intricate scam method that has defrauded over 42,000 victims of more than $32 million since April 2023. What Happened: Blockfence head of security research Pablo Sabbatella detailed in a Jan. 18 report how scammers successfully evaded...

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...

The cryptocurrency world is buzzing with recent allegations surrounding Pepecoin (CRYPTO: PEPE). The team behind this digital currency is now under the spotlight, accused of insider trading. This controversy emerges shortly after a significant heist involving 16 trillion PEPE tokens, amplifying...

Amid a significant increase in crypto-related crime over the past four years, Eun Young Choi, the newly appointed head of the Department of Justice's (DOJ) cryptocurrency enforcement division, has pledged to fortify the crackdown on illicit activities in the digital asset sector. This...

Despite the ongoing market downturn in the cryptocurrency industry, illicit cryptocurrency transaction volume has risen for the second consecutive year, reaching an all-time high of $20.6 billion in 2022, according to a report by blockchain analytics firm Chainalysis. The estimate is a lower bound...