Crime

Bitcoin

FTC Sues Smart Backpack Crowdfunder Who Spent Proceeds On Bitcoin

The Federal Trade Commission is suing a crowdfunder who promised a smart backpack but instead spent the proceeds on bitcoin.

Policy & regulation  ·  7 May 2019
Crime

Crypto Crime Blotter: Scammers Dupe Jersey Island Man Out of £1.2 million, Backpage Laundered Cash With Crypto

Did Backpage launder cash through crypto? What happened to three Germans on the DarkWeb? This week's Crypto Crime Blotter.

Policy & regulation  ·  6 May 2019
New York

NYPD Warns $2 Million Stolen in Scam Involving Bitcoin

The New York Police Department warned the public to be aware of phone scams where callers impersonate government officials and demand bitcoin.

Markets  ·  3 May 2019
Crime

U.S. DOJ Moves to Detain Defendant in Crypto ‘Shadow Banking’ Case

U.S. prosecutors want to detain Reginald Fowler until his trial for illicitly providing banking services to crypto exchanges.

Policy & regulation  ·  2 May 2019
Crime

Crypto Crime May Have Cost Sector $1.2 Billion in Q1, Says Report

Losses arising from cryptocurrency hacks and fraud may have reached as high as $1.2 billion in the first quarter of 2019, CipherTrace estimates.

Policy & regulation  ·  1 May 2019
Crime

Microsoft Outlook Hackers Stole Crypto Using Victims’ Emails: Report

Hackers who breached Microsoft Outlook have reportedly used the email service to steal cryptocurrency users' funds.

Policy & regulation  ·  30 April 2019
Crime

Australian Crypto Scam Reports Rose Almost 200% in 2018

Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country's consumer watchdog.

Policy & regulation  ·  29 April 2019
Hacking

New Crypto-Mining Malware Targeting Asian Firms With NSA Tools

A new form of malware discovered by Symantec is targeting enterprises using leaked NSA tools to infect networks and mine monero.

Policy & regulation  ·  26 April 2019
Crime

US Prosecutors Charge 2 Foreign Nationals Over Bitcoin Investment Scam

Two Nigerian nationals have been indicted in the U.S. for wire fraud and money laundering relating to a fake bitcoin investment scheme.

Markets  ·  26 April 2019
New York

New York State Sees First Conviction for Crypto Money Laundering

A case involving millions of dollars in bitcoin and Western Union payments resulted in New York State's first conviction for crypto money laundering.

Policy & regulation  ·  24 April 2019
Hacking

Student Gets 10-Year Jail Term for SIM-Swap Crypto Thefts Worth $7.5 Million

A 21-year-old student from the U.S. who stole over $7.5 million in cryptocurrency via SIM-swap hacks has been sentenced to 10 years in prison.

Policy & regulation  ·  23 April 2019
Exchanges

Hacked Crypto Exchange Zaif Resuming Full Services Under New Owner

Japanese crypto exchange Zaif, which was hacked for $60 million last year, is reinstating all services after being acquired by investment firm Fisco.

Policy & regulation  ·  22 April 2019
Crime

Malware Crypto Ransoms Rose By Almost 90% in Q1: Report

The average payout for ransomware attacks rose dramatically in the first quarter of 2019 – largely due to one variant called Ryuk.

Policy & regulation  ·  19 April 2019
Regulation

In First, FinCEN Penalizes Bitcoin Trader for Violating AML Laws

U.S. regulator FinCEN has for the first time penalized a cryptocurrency trader for breaking anti-money laundering rules.

Policy & regulation  ·  19 April 2019
Exchanges

‘Onerous’ FATF Recommendations Harmful for Crypto Transparency: Chainalysis

The international watchdog's draft recommendation for KYC compliance are unrealistic and may be harmful to the crypto industry, says Chainalysis.

Policy & regulation  ·  12 April 2019