Browsing: Crypto crime

Cryptocurrency fraud has become a pervasive issue within the digital finance landscape, as evidenced by a recent international operation that dismantled a massive money laundering network.This elaborate scheme converted over €700 million (approximately $815 million) into illicit gains through fake investment platforms, marking a significant instance of cryptocurrency scams at play.

Cryptomixer, a prominent crypto mixing service, has recently come under the spotlight following a significant crackdown by Europol, the EU law enforcement agency.This operation, executed in Zurich, targeted the platform alleged to have facilitated cryptocurrency laundering for cybercriminals by obscuring the origins of illicit bitcoins.

Bitcoin money laundering has emerged as a pivotal concern in the realm of crypto crime, particularly in regions grappling with organized crime.In Brazil, a recent case highlighted the dramatic misuse of Bitcoin by a criminal organization involved in drug trafficking and kidnapping, laundering profits exceeding $95 million.

Cryptocurrency theft is rapidly becoming a serious concern, particularly highlighted by the recent incident in San Francisco where a man, posing as a delivery driver, robbed a homeowner of $11 million in digital assets.This disturbing trend reflects the alarming rise of physical attacks on crypto holders, with such occurrences averaging one per week in the bustling city known for its tech innovation.

The T3 Financial Crime Unit has frozen over $300 million in assets, marking a significant advancement in the global fight…

In a recent discussion, FBI Deputy Assistant Director James Barnacle elaborated on the agency’s changing approach to address the growing…