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UK’s National Crime Agency Seeks to Set Up Specialized Team to Combat Cryptocurrency Scams and Fraud
2.11.2023
The United Kingdom’s National Crime Agency (NCA) is taking a proactive stance against the rising threat of cryptocurrency scams and fraud. In response to the increasing attempts by bad actors to deceive crypto investors, the NCA has announced plans to establish a specialized cryptocurrency...
US Deputy Treasury Secretary Implies Some Crypto Firms Refuse to Stop Illegal Fund Movements
27.10.2023
The US government is increasing its efforts to combat cryptocurrency criminal funding, especially in response to terrorist attacks in Israel. The world’s largest economy has expressed concerns that some crypto firms are not doing enough to prevent illegal funds flowing to bad actors. Speaking...
Rug Pulls Account For Majority of Scams as Q3 2023 Exploits Wipe Out $720 Million
25.10.2023
The impact of digital asset scams has been a major talking point around policies, regulations, and developer’s direction this year with millions lost across chains to bad actors. A new report by blockchain security firm Hacken shows a quarter-to-quarter increase in hacks and money drained...
Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages
10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...
CFTC Commissioner Calls for Fraud Database to Allow Investors to Identify Bad Actors
12.9.2023
Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC), has proposed the creation of a federal fraud database that would allow investors to identify individuals with bad reputations.
The registry aims to provide investors and law enforcement with easy access...
Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE
28.8.2023
Unprecedented transactions out of a multisig wallet spooked Pepecoin watchers last week
SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’
30.7.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds...
Despite Uproar, Crypto Bounties to Unmask Bad Actors Starts to Get Traction
28.7.2023
Arkham customers are seeking to identify whomever was behind FTX and Wintermute’s huge hacks as well as an alleged meme-coin rug pull
Arkham CEO rebuts claims of ‘snitch-to-earn’ program, says it's to find bad actors
12.7.2023
Arkham CEO Miguel Morel said public blockchains are "probably the worst possible way of keeping one's private information private.”
Darknet bad actors work together to steal your crypto, here’s how — Binance CSO
5.7.2023
Crypto hackers have turned their attention towards the crypto user and “security hygiene” is more important than ever, according to Binance’s Jimmy Su
'A lot of the bad actors have been shaken out of the market' — Bitvo CEO
3.7.2023
Bitvo president and CEO Pamela Draper spoke with Cointelegraph at the Collision Conference in Toronto on the firm almost being acquired by FTX and Canada's regulatory environment
Chatgpt ‘Is the New Crypto,’ Meta Says Malware Actors Exploit AI Craze
4.5.2023
A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot is “the new crypto” for bad actors and the social media giant is preparing...
Mastercard launches Web3 user verification solution to curb bad actors
29.4.2023
Mastercard’s new solution revolves around providing “secure transactions between users, verified according to standards” set by the company
Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’
22.3.2023
On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that...
India Brings Crypto Transactions Under Prevention of Money Laundering Act
11.3.2023
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s...
Crypto Long & Short: When Regulating Crypto, Please Target the Bad Actors, Not the Asset
1.2.2023
Here’s what’s on my mind as Washington gears up to respond to the disasters of 2022
Where Are the Crypto OGs? — Taxation Is Theft, but Joe Biden Needs Ice Cream Money
26.1.2023
Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they...
Billionaire Bill Ackman Discusses Crypto Regulation — Says Industry Must Self-Police or Risks Being Shut Down
28.11.2022
Billionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down. He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up. Bill Ackman on Crypto Regulation and the Need for Industry...
IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed
24.11.2022
A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post reiterated the IMF’s belief that risks to a country...
Crypto Token Launch Platform Tokensoft Doxes 4500 Users, Calling Them ‘Bad Actors’
14.11.2022
A Tokensoft community manager published an excel sheet of "bad actors" on Discord with their personal details