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AUSTRAC releases 2 new guides to help spot illicit crypto use
21.4.2022
AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.”
Monero Usage in Ransomware Payments Rise while Bitcoin Accepted With Premium
20.4.2022
Ransomware attackers are increasingly asking for payments in privacy coins like monero (XMR), while still mostly accepting bitcoin (BTC) payments but with a premium, per a new report.
According to the report by CipherTrace, a crypto intelligence company, demanding ransomware payments in XMR...
Monero crypto of choice as ransomware ‘double extortion’ attacks increase 500%
20.4.2022
A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment as more criminal groups want only XMR
Agent Smith says Secret Service seized $102M in crypto in 254 cases since 2015
20.4.2022
The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases
Skewed data: How could a new US law boost blockchain analysis?
1.4.2022
Infrastructure firms will now have to report within 24 hours if they make a ransomware payment. “This surely will be a game changer.”
Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware Case
12.3.2022
Canada’s police have seized bitcoin worth more than $28 million from a former government employee who has been extradited to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of dollars in ransoms.” Canadian Authority Seizes...
Report Attributes Large Share of Global Crypto Crime to Russia, Moscow City
16.2.2022
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according...
Ransomware crypto payments hit at least $602M last year: Chainalysis
11.2.2022
The total amount of value extracted through ransomware payments in 2021 is expected to rise above 2020 levels once all the data is sorted through
Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024
17.1.2022
Gartner, an advisory firm, has predicted that criminal cryptocurrency transactions or transfers will fall by 30% by 2024. The firm says factors such as the transparency of the blockchain, as well as the democratization of fraud prevention tools, will contribute to this decline in such transactions....
Russia Busts Revil Ransomware Group on US Request, Arrests 14 Members
15.1.2022
Russian law enforcement agencies have dismantled the notorious hacking group Revil, believed to be behind ransomware attacks in the U.S. involving cryptocurrency. Although Moscow is unlikely to hand over Russian citizens to Washington, the operation has been carried out on request from the United...
CIA Running a ‘Number of’ Active Crypto Projects, Director Claims
8.12.2021
The Central Intelligence Agency (CIA) Director William Burns has admitted that his agency has “a number of different projects focused on cryptocurrency” in progress – and claimed that his predecessor Gina Haspel had “started” the CIA ball rolling in the crypto sphere. What is more, the agency...
US and UK Agree to ‘Heighten the Focus on Illicit Use of Cryptocurrency’
22.11.2021
The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and ransomware,” the U.S. Department of Justice announced. According to the FBI, high crypto prices have partially made ransomware “incredibly lucrative for...
Crypto Dilemma in Indonesia, 'Bitcoin Yield' In Miami, Disney's Metaverse + More News
11.11.2021
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: Crypto Dilemma in Indonesia, 'Bitcoin Yield' In Miami, Disney's Metaverse + More News
US Treasury Sanctions 2nd Cryptocurrency Exchange, DOJ Seizes $6.1 Million
9.11.2021
The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange...
US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list
8.11.2021
“This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation's resilience to cyber threats," said Attorney General Merrick Garland
Russian Government to Track Crypto Transactions With Help From Anti-Drug Organization
4.11.2021
Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade. The anti-drug organization, Stopnarkotik, recently asked the interior ministry and the central bank to investigate alleged connections between...
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware
27.10.2021
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States....
FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware
19.10.2021
FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants out there. The organization stated in a report issued last week that the mean average total monthly suspicious amount of ransomware transactions...
New Australian ransomware plan allows for seizure of crypto
13.10.2021
Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation
Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks
6.10.2021
“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chainalysis CEO Michael Gronager