The U.S. last year sanctioned a Moscow-based crypto exchange to stymie Russian efforts to evade the financial blockade imposed after the invasion of Ukraine. A year on, the exchange is …
How Does Hamas Use Cryptocurrency for Fundraising and Financial Activities?
In our recent post on crypto fraud relative to fraud in the traditional fiat monetary systems, we encouraged our readers to think very critically about the perceptions of and narratives about the …
Continue Reading about How Does Hamas Use Cryptocurrency for Fundraising and Financial Activities?
Crypto Fraud is Less Than 1% of the Annual $3.2 Trillion in Illegal Activity in the Traditional Fiat Monetary System
The current perception of the scale of fraud in the cryptocurrency and blockchain technologies ecosystem - now based largely on the scale of and level of headlines dedicated to the FTX fraud and …
Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
A Turkish cryptocurrency boss and his two siblings have been jailed for 11,196 years each for defrauding investors of millions of dollars. Faruk Fatih Ozer, 29, fled to Albania in 2021 with investor …
Continue Reading about Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
AI a Top Risk and the Preferred Solution to Financial Crime
Generative AI tools are the most effective way to tackle financial crime, but also a number one threat, according to a new survey of anti-money laundering (AML) professionals. Feedzai interviewed …
Continue Reading about AI a Top Risk and the Preferred Solution to Financial Crime
Los Angeles SIM Swapper Pleads Guilty to Cybercrime Charges
Los Angeles resident Amir Hossein Golshan pleaded guilty to committing various cyber crimes between 2019 and 2023. The charges described his involvement in Zelle payment fraud, Apple support …
Continue Reading about Los Angeles SIM Swapper Pleads Guilty to Cybercrime Charges
Crypto Hackers Net Nearly $480 Million Year-to-Date
Blockchain security firm PeckShield has confirmed that criminals stole $480 million through smart contract DeFi hacks in the first half of 2023. According to the firm, the three main decentralized …
Continue Reading about Crypto Hackers Net Nearly $480 Million Year-to-Date
Crime Down 65% Overall, But Ransomware Headed for Huge Year Thanks to Return of Big Game Hunting
2023 so far has been a year of recovery for cryptocurrency after a chaotic 2022, with prices of digital assets like Bitcoin up over 80% on the year as of June 30. And that’s not the only good news for …
How the FBI prevented $130 million in crypto ransomware attacks by hacking the hackers behind Hive
Hive ransomware group was not your average crime syndicate. Formed by a conglomeration of elite hacking teams, instead of scattered individuals, the group operated more like a parent company, …
Crypto Murder Drives Urgent Need for Regulations in South Korea
A murder case in South Korea arising from a crypto dispute is forcing authorities to speed up the implementation of crypto regulations. South Korea has embraced blockchain technology and has been …
Continue Reading about Crypto Murder Drives Urgent Need for Regulations in South Korea