cyber crime

An investigation into copyright violations by the German state of Saxony led to the uncovering of 50,000 Bitcoin (CRYPTO: BTC) acquired using the proceeds of pirated works. What Happened: German authorities announced the seizure of almost 50,000 Bitcoins equivalent to around $2.1 billion after...

"Grand Theft Auto" hacker Arion Kurtaj, an 18-year-old member of the so-called Lapsus$ group, was sentenced to indefinite hospital detention for a series of cybercrimes committed in 2022. Kurtaj's spree began while on bail for prior offenses. He targeted Revolut, accessing data from...

In a landmark case for the cryptocurrency industry, Damian Williams, the U.S. Attorney for the Southern District of New York, has announced the guilty plea of Shakeeb Ahmed, who hacked DeFi protocol Nirvana Finance and one other cryptocurrency exchange. Williams calls this the first-ever conviction...

Decentralized exchange KyberSwap publicly offered a 10% bounty to an unidentified hacker responsible for a cyber heist, in which funds worth over $50 million were siphoned off. The offer was communicated through a message from a contract deployer wallet associated with KyberSwap. The message...

In a major crackdown, the FBI arrested three persons for allegedly orchestrating a complex $10 million bank fraud scheme. U.S. Attorney Damian Williams and FBI Assistant Director James Smith announced the arrests of the three persons identified as Zhong Shi Gao, Naifeng Xu and Fei Jiang...

The U.S. Department of Justice has charged two Russian nationals with "conspiring to launder approximately 647,000 bitcoins" they acquired from hacking the now-defunct Japanese bitcoin exchange Mt Gox, according to a statement. In the statement, the DOJ alleges that Alexey Bilyuchenko and...

Alleged cryptocurrency thief and rapper Heather Morgan, aka “The Crocodile of Wall Street," has a new job. What Happened: Morgan, who became a well-known figure in Twitter’s high-finance community for posting obscure rap videos under the moniker "The Crocodile...

Illicit use of cryptocurrencies reached a record high of $20.1 billion in 2022, according to blockchain analytics firm Chainalysis. What Happened: Transactions involving companies targeted by U.S. sanctions skyrocketed during this time, as the value of crypto transactions related to illicit...

Crypto exchange Binance on Tuesday announced its Global Law Enforcement Training Program, which seeks to help law enforcement detect financial and cyber crimes and assist in the prosecution of bad actors who exploit digital assets. Over 30 workshops on countering cyber, financial crimes In a blog...

In an effort to combat cybercrime, money laundering and "foreign kleptocrats," the Economic Crime and Corporate Transparency Bill was tabled in the U.K.’s Parliament. What Happened The Proceeds of Crime Act, a statute created in 2002 to combat money laundering, would be...

Layer 1 blockchain protocol Harmony (CRYPTO: ONE) has offered a bounty of $1 million for information about a theft on the Horizon bridge amounting to around $100 million, in which tokens including Wrapped Ethereum (CRYPTO: WETH), Aave (CRYPTO: AAVE), SushiSwap (CRYPTO: SUSHI),...