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October sees a comparative lull in crypto crime with losses of $32.2M: CertiK
31.10.2023
There is no clear downward trend in crypto crime, but a quiet month is undoubtedly more than welcome in the Web3 community
South Korea’s New Crypto Crime Investigation Unit Is Already ‘Overloaded’
31.10.2023
A South Korean prosecution unit dedicated to investigating crypto crime is already “overloaded” with cases, just over a year after launching. The unit operates as part of the Seoul Southern District Prosecutors’ Office and was formerly known as the Financial and Securities Crime...
FBI Charges Six in Connection with $30M Crypto Crime Ring
20.10.2023
The Federal Bureau of Investigation (FBI) filed charges on Wednesday against six individuals for allegedly running an unlicensed money-transmitting business involving $30 million in cryptocurrencies.
The information came to light through court documents filed in the Southern District of New York....
JPEX Scandal Sparks Creation of Hong Kong Police Crypto Crimes Group
5.10.2023
On October 4, the Securities and Futures Commission (SFC) of Hong Kong, in collaboration with the Hong Kong Police, announced the formation of a special group to monitor and investigate crimes related to crypto exchanges.
The initiative was prompted by the ongoing controversies surrounding...
EU Officials Provide Ukrainian Police ‘Crypto Crime’ Training
24.8.2023
Ukrainian police officers are receiving crypto crime investigation training from EU officials, with the nation continuing to streamline its crypto and blockchain policy with Brussels.
Per a Bureau of Economic Security (BEB) release, law enforcement officers in Lviv, Ukraine, attended...
Canadian police reported using Chainalysis Reactor to trace crypto crimes
9.8.2023
Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited
UK Set To Expand Its National Crypto Crime Unit As Organized Blockchain Fraud Surges
7.8.2023
The United Kingdom’s National Crime Agency (NCA) is set to increase its cryptocurrency fraud investigation unit as part of wider plans to halt the increase in financial crimes.
The new move will see the agency hire four new senior investigators to join the financial crime unit to tackle all forms...
UK to expand crypto crime agency, hiring spree underway
7.8.2023
The job involves investigating crypto fraud, money laundering and other blockchain-based crime performed by organized groups
Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property Capable of Being Held in Trust, Craig Wright Must Pay £400,000 in Coinbase & Kraken Cases but Judge Doesn't Think He Has the Money
26.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property...
South Korea Forms Joint Crypto Crime Investigation Unit to Fight Surging Crypto Illegal Activities
26.7.2023
South Korean prosecutors and financial authorities have launched an interagency crypto crime division to crack down on crypto-related illegal activities.
The Seoul Southern District Prosecutors' Office said Wednesday that the joint virtual asset investigation team will comprise 30 staff...
Crypto Crime Plummets in 2023, Down 65% Overall, Chainalysis Says
17.7.2023
Cryptocurrency-related crime is down significantly this year, according to data by Chainalysis. Specifically, the blockchain analytics firm explained that crypto inflows to known illicit entities are down 65% compared to the previous year while inflows to risky entities are down 42%. Crypto Crime...
TRM Labs Report: Bitcoin's Dominance in Crypto Crimes Down to 19%
29.6.2023
Bitcoin (BTC) is falling out of favour among crypto criminals, and accounted for just 19% of crypto crimes in 2022, a new report has found.
In the report, blockchain intelligence firm TRM Labs said that cybercriminals are increasingly diversifying which blockchains they rely on to conduct their...
US Federal Agencies Unite to Form 'Mini-FBI' for Dark Web Crypto Crime
22.6.2023
The U.S. government has established a new task force for targeting crypto crime consisting of five investigators from different federal agencies....
Read More: US Federal Agencies Unite to Form 'Mini-FBI' for Dark Web Crypto Crime
Report: US Revenue Collector IRS to Send Four Crypto Crime Investigation Agents Abroad
24.4.2023
The Internal Revenue Service (IRS) is planning to send investigators to four countries where they are expected to tackle the use of crypto and decentralized finance products in global financial and tax crimes. According to the tax collector’s spokesperson, the IRS will be able to determine...
South Korea Stunned by ‘Crypto-motivated’ Murder – Is Crypto Crime on the Rise?
3.4.2023
South Korea has been rocked by the apparent kidnap and murder of a 48-year-old woman in Gangnam, Seoul – a crime that seems to have been motivated by crypto. Four suspects have been arrested.
The alleged crime was caught on camera and shared in news reports, such as the video below – a report from...
Crypto Crime Hit All-Time High of $20.6B in 2022: Chainalysis
27.2.2023
Kim Grauer, the blockchain sleuthing firm's head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction volumes last year
Exclusive Interview: ConsenSys CCO Talks About MetaMask Airdrop, Ethereum Shanghai Upgrade, Crypto Regulation and More
27.2.2023
The Cryptonews team is reporting live from the Blockchain Economy London Summit that's running from 27-28 February 2023.
Cryptonews had an opportunity to sit down with Lex Sokolin, the Chief Cryptoeconomics Officer at ConsenSys, to talk about a variety of topics, including current market trends...
Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner
19.1.2023
Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Department announced. The Russian owner of the platform has been arrested for his role...
UK looks for a crypto crime fighter with a $50K salary
4.1.2023
The United Kingdom’s top crime agency is looking to hire a crypto investigator with experience of identifying and recovering seed phrases
Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report
26.11.2022
Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has failed to grow with the adoption of these...