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French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
6.8.2024
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market...
New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes
5.8.2024
U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability Office to evaluate law enforcement’s...
China’s National Prosecutor Takes Action Against Blockchain Cybercrimes
25.2.2024
China's highest prosecutorial authority is stepping up efforts to combat the growing wave of cybercrimes by targeting criminals who exploit blockchain and metaverse projects for illegal activities.
The post China’s National Prosecutor Takes Action Against Blockchain Cybercrimes appeared...
Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam
13.10.2023
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.)...
Half of North Korea's Missile Funding Comes from Cybercrimes and Cryptocurrency Theft, Says White House
11.5.2023
As North Korean military activities continue to capture the attention of decision-makers and analysts across the world, around 50% of the country’s secretive missile program could be financed by cyberattacks and cryptocurrency theft, according to Anne Neuberger, the U.S. deputy national security...
US Prosecutors Charge 21 Alleged ‘Money Mules’ With Using Crypto to Launder Proceeds of Cybercrimes
30.11.2022
Prosecutors in Texas have slapped 21 U.S. citizens with an assortment of criminal charges for allegedly helping various transnational criminal rings launder their ill-gotten gains using cryptocurrency
US Senator Launches Investigation Into ‘How Cryptocurrencies Facilitate Cybercrimes’
26.7.2021
A U.S. senator has launched an investigation into the rise of ransomware attacks as well as how cryptocurrencies facilitate cybercrimes. “The investigation will also look into current oversight efforts and regulations related to virtual currencies,” the senator explained. Investigation...
G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks
14.6.2021
The G7 leaders have called on Russia to urgently “identify, disrupt, and hold to account” ransomware hackers and those abusing cryptocurrency to launder ransoms. “We reiterate our interest in stable and predictable relations with Russia, and will continue to engage where there...
Biden to discuss crypto’s role in ransomware attacks at G7, says national security adviser
7.6.2021
The U.S. president has rarely made public statements on crypto and blockchain, though officials in his administration are reportedly reviewing current regulations
Six Nigerian Citizens Added to the US Sanctions List for Cybercrimes
16.6.2020
The U.S. Treasury added six Nigerian individuals to its sanctions list for alleged cybercrimes
Grant Thornton Affiliate Taps CipherTrace to Better Track Cryptos Used in Cybercrimes
11.6.2020
Catallaxy, an affiliate of Grant Thornton, is tapping CipherTrace to better track cryptocurrencies that might have been used for illicit purposes
The Law Enforcement’s Guide to Policing Crypto Cybercrimes
19.2.2020
As the tools used by crypto criminals are getting more sophisticated, government bodies are finding new ways to respond. Here are some of those responses