Ex-IPS Officer Charged for Multi-Million Cryptocurrency Fraud

The fraudulent digital wallets held roughly 34 cryptocurrencies. The funds are worth 6 crores rupees ($7,72,471). An official said on

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AUSTRAC releases 2 new guides to help spot illicit crypto use

AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.”

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Russia’s biggest darknet and crypto exchange suffers a major blow

Russia’s most feared darknet market- Hydra and a cryptocurrency exchange Garantex associated with ransomware activities are soon to be sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control, as per an announcement. In a press release published on the Treasury Department’s website, Secretary Janet Yellen said, the sanctions against Hydra […]

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Swindlers are Using OTP Bots to Wipe Clean Crypto Accounts

Be cautious of fraudsters are becoming sophisticated by the day, with their latest tool being one-time password (OTP) bots used to wipe out cryptocurrency accounts. (Read More)

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North Korea laundered $400M in stolen crypto to fund its “Weapons of Mass Destruction”

UN officials in a media briefing alleged that North Korea used stolen digital assets worth several millions of dollars as a source of revenue to fund its nuclear and ballistic missile program. It also mentioned that between 2020 and mid-2021 North Korean cyber-attackers stole more than $50 million of digital assets. The report was handed […]

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UK's NCA Announces Disruption of World's Most Harmful Cyber Crime Group, LockBit

UK's NCA launched "Operation Cronos" against LockBit, a global cyber crime syndicate, resulting in significant disruptions and the seizure of servers, cryptocurrency accounts, and decryption keys. (Read More)

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US Secret Service holds crypto, praises blockchain tech in Reddit AMA

The United States Secret Service owns crypto, has its own NFT collection, and has praised blockchain technology’s ability to fight financial crime, Reddit users learned during a recent ask-me-anything (AMA). On May 15, representatives from the United States Secret Service San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team (REACT) opened [...]

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Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud

On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace (DNM) in September 2012. DOJ [...]

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Trustwave Spiderlabs Researchers Warn of New Strain of Malware That Drains Crypto Funds

According to researchers at Trustwave Spiderlabs, a strain of malware known as Rilide is believed to be helping cybercriminals steal funds from cryptocurrency exchanges. Although the steps being taken to tackle this malware are likely to make life more difficult for cybercriminals, two researchers — Pawel Knapczyk and Wojciech Cieslak — said this alone may [...]

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