The Dutch Financial Criminal Investigative Service has seized the website of a bitcoin transaction mixer in a crackdown involving Europol and other authorities. Calling it the the “first law enforcement action of its kind against such a cryptocurrency mixer service,”…
Tag: Crime
Malware Crypto Ransoms Rose By Almost 90% in Q1: Report
The average cryptocurrency payout for ransomware attacks rose dramatically in the first quarter of 2019, according to a firm that helps victims pay ransoms. In its quarterly report, Coveware said that, while in Q4 last year the average ransom was $6,733,…
Bitcoin Trader Ordered to Forfeit $800K Gained via Unlicensed Exchange
A 22-year-old bitcoin seller from the U.S. has been ordered to hand over $823,357 gained illegally via an unlicensed money transmission business. The Attorney’s Office of the Southern District of California announced the news on Monday, saying that the dealer,…
Former Mt. Gox CEO Mark Karpeles to Appeal Conviction
Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, is to appeal his conviction on data manipulation charges earlier this month. According to a report from The Associated Press on Friday, Karpeles said he had decided to appeal…
Hacked Exchange Cryptopia Discloses Estimate of Stolen Crypto
New Zealand-based cryptocurrency exchange Cryptopia has given an idea of the losses arising from a hack on its platform last month. After being almost silent since the breach, the firm published a series of updates via Twitter on Wednesday. Most…
FBI Seeking Potential Victims of BitConnect to Assist Investigation
If you invested in the proprietary token offered by the now-defunct crypto exchange BitConnect, the FBI wants to hear from you. In a notice on its website Wednesday, the federal law enforcement agency said those who invested in the BitConnect coin (BCC)…
Coinbase Just Paid a $30K Bounty for the Discovery of Critical Bug
San Francisco-based cryptocurrency exchange desk Coinbase has just forked out a $30,000 bounty to the finder of a critical bug in its systems. As reported by The Next Web, the bounty is the latest to be posted on vulnerability coordination and…
Data Shows Millions Leaving Crypto Wallets Tied to Long-Troubled Exchange
The world’s largest cryptocurrency exchange Binance has frozen accounts that received more than 93,000 ether from two wallets indirectly linked to the troubled Russian exchange WEX. The accounts were frozen on October 25, Leah Li, a spokeswoman for Binance, told…
Landmark Crypto Crime Case Ends With Jail Sentence for GAW CEO
Josh Garza, the CEO of the now-defunct cryptocurrency mining company GAW Miners, has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge. As part of the sentence, Garza was given 6 months home confinement…
Crypto Mining Attacks Soar in First Half of 2018
Malicious cryptomining attacks jumped 956 percent from the first half of 2017 to the first half of 2018, IT security firm Trend Micro reported Wednesday. In its latest Midyear Security Roundup, Trend Micro researchers noted that there were more than…