This week, amounts for crypto and phishing losses were released, the Bitcoin Fog operator was convicted, the EU approved rules to strengthen sanctions, the federal government sought to recover losses linked to pig butchering, and the Philippines blocked unlicensed crypto websites.
This week, Binance laid off two-thirds of its staff and said it is exiting Nigeria, Chainalysis released 2023 crime statistics, Fantom said it will seek Multichain's liquidation, hackers stole millions from the WOOFi and Seneca crypto platforms, and Hong Kong blocked six fake websites.
A new phishing campaign is targeting victims through mobile devices by mirroring legitimate login pages for the Federal Communications Commission and large cryptocurrency platforms including Binance and Coinbase. At least 100 victims, including crypto company employees, have fallen for the scam.
This week, progress was made in the FTX case, a hacker testified in the Bitcoin Fog case, an Axie Infinity co-founder and a MicroStrategy account were hacked, the KyberSwap hacker moved funds, the EU has a new AMLA office, and Aleo was breached.
Cryptocurrency trading platform Binance restricted access to 85 accounts as part of an action against the LockBit ransomware affiliates, and authorities estimated that members of the now-defunct ransomware-as-a-service operation had pocketed "hundreds of millions" in ransom.
This week, FixedFloat lost $26 million in a hack, the U.K. Financial Conduct Authority found illegal promotions of cryptocurrency, GoFundMe shuttered a Tornado Cash fundraiser, and an Australian cop allegedly stole $4 million worth of bitcoins.
This week, the U.S. Treasury reported on crypto in crime, Changpeng Zhao's sentencing was rescheduled, PlayDapp was hacked, the UN probed North Korean hacking, suspicious crypto transactions increased in South Korea, the U.K. blocked fraud sites and Hong Kong warned about crypto phishing sites.
This week, SIM swappers were linked to the FTX hack, AI-generated fake IDs likely bypassed crypto KYC checks, the Treasury addressed the illicit use of crypto, the SEC increased crypto oversight, Quantstamp released January's crypto hack statistics, and South Korea introduced a crypto crime law.
This week, a Ripple co-founder and a karaoke platform were hacked, Mexican crypto banks were targeted, authorities seized crypto in the U.S. and Germany, the DOJ made charges in crypto cases, people pleaded guilty to money laundering and SIM swapping, monero was traced, and FTX will not restart.
U.S. federal prosecutors charged a Florida teenager allegedly involved in a cryptocurrency theft scam that stole at least $800,000 from a minimum of five victims. The suspect, Noah Michael Urban, 19, is part of a cybercriminal group known as Scattered Spider or 0ktapus, reported Brian Krebs.
This week, Chainalysis reviewed 2023 crypto trends, Blockfence uncovered a $32 million rug pull, the U.S. CFTC cracked down on alleged pig butchering, the ex-IcomTech CEO was sentenced, hackers stole millions from Gamee, Socket recovered funds, and hackers exploited a flaw in Mailer Lite.
A federal judge sentenced "Pompompurin," the administrator of a now-defunct data breach marketplace, to 20 years of supervised release - instead of the recommended 15-year prison sentence - for his role in BreachForums, once considered the largest English-language data breach forum of its kind.
In the latest weekly update, ISMG editors discussed why crypto-seeking drainer scam-as-a-service operations are thriving, a novel legal move that recovered a hospital's stolen data, and a ground-breaking case involving bitcoin that could streamline recovery for victims.
This week, the U.S. SEC assessed its X account hack, attackers stole $3.3M from Socket, Do Kwon got a new trial date, Alex Mashinsky sought to dismiss charges, Google Play Store removed crypto apps for India users, IRS clarified crypto asset reporting and South Korea mulled crypto mixer legislation.
Digital money is energizing Southeast Asian organized crime as a method for money laundering and as a way of reaping new revenue, warn experts who say that tether plays a heavy role in the rapidly evolving state of law-breaking in Myanmar, Thailand and elsewhere.
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