Posts Tagged ‘crime’

Cryptocurrency Exchanges Have Been Used to Launder $88 Million Since 2016: WSJ

Over 46 cryptocurrency exchanges around the globe assisted criminals in laundering more than $88 million over the past two years, a Wall Street Journal report alleges. The Journal’s investigation traced funds from over 2,500 wallets that courts flagged for their involvement in criminal activities. The paper partnered with London-based blockchain forensic company Elliptic to trace funds […]

Cyber criminals increasingly target cryptocurrency, research finds

Cybersecurity firm McAfee found that the use of cryptocurrency mining malware increased by 86 percent during the second quarter of 2018. The increase continues a trend that has already escalated over the past few months. Bitcoin has a $232 billion market, and approximately $1.5 billion worth of cryptocurrency has been stolen in the past two years, […]

Research: More than 56% of all cryptocurrency crime happens in the US

International cybersecurity firm Group-IB has shown that the number of compromised accounts has risen 369 percent since 2017. A staggering third of all victims were located in the US. Every single one of the top 19 exchanges has been hit; 720 usernames and passwords stolen in total. The rate of hacks even mirrored market highs […]

Cryptocurrency Exchanges Are Getting Hacked Because It’s Easy

Since 2011, there have been 56 cyberattacks directed at cryptocurrency exchanges, ICOs and other digital-currency platforms around the world, according to an analysis by Autonomous Research, a London-based financial-services research firm, bringing the total of hacking-related losses to $1.63 billion. Some of the biggest hacks occurred at Japanese exchanges Mt. Gox in 2014 and Coincheck […]

Huge cryptocurrency theft increase draws global regulator attention, study finds

A significant increase in cryptocurrency theft within the first half of 2018 has sparked the concern of regulators around the world, according to a study from blockchain security developer CipherTrace. The 2018 Q2 Cryptocurrency Anti-Money Laundering Report also provides insight into the pending global co-operation and crackdown by the G20’s 37-nation financial crime-fighting group, the Financial Action Task […]

FBI Has 130 Cryptocurrency-Related Investigations, Agent Says

The Federal Bureau of Investigation has 130 cases tied to cryptocurrencies, according to Kyle Armstrong, a supervisory special agent, speaking at a digital-asset industry conference Crypto Evolved in New York. The cases “threat tagged” to virtual currencies encompass crimes such as human trafficking, illicit drug sales, kidnapping and ransomware attacks. While Armstrong said the agency takes a […]

Experts say Cryptocurrency Crimes will be on the Rise this Year

Several financial and blockchain experts recently spoke on a panel called “Blockchain, The New Digital Age” at Tel Aviv University’s annual Cyber Week cybersecurity conference. The experts touched on some of the obstacles that blockchain and cryptocurrency face on their way to mass adoption. Crime being a deterring factor in the spread of cryptocurrency was […]

South Korean cryptocurrency executives detained

South Korean prosecutors have detained Kim Ik-hwan, chief executive of Coinnest, South Korea’s fifth-largest cryptocurrency exchange, and the head of another cryptocurrency exchange, along with two other executives at the exchanges for alleged embezzlement and fraud. Prosecutors raided three exchange operators including Coinnest last month and seized their books. They allege that the four executives […]