Category: Crime

Russian Hackers May Have Carried Out Largest Ever Crypto Exchange Theft

Russian hackers, not North Korean, may be the bad actors behind probably the biggest ever theft from a cryptocurrency exchange. Japanese newspaper Asahi Shimbun reports Monday that virus variants known to be linked to Russian hackers have been found on employee computers at the Tokyo-based Coincheck exchange. Coincheck suffered a breach […]

It’s FATF’s Way or the Highway for Crypto Exchanges. That’s a Big Mistake

Serhii Mokhniev, CAMS, is a regulatory affairs counsel at CEX.IO, a London-based bitcoin exchange. In a few weeks, the Financial Action Task Force (FATF) is expected to adopt a proposal to impose the standards of wire transfers on blockchain transactions. Despite concerns raised at a private sector consultative forum in […]

Europol Developing ‘Serious Game’ to Help Train Crypto Crime Fighters

Europol has revealed it’s developing a game aimed to teach law enforcement officers how to tackle crypto crime. Announced at the sixth Cryptocurrency Conference hosted at Europol’s headquarters from June 12–14, the European crime fighting agency said the game will allow officers to get “hands-on training and advice on tracing cryptocurrencies […]

Scammers Clone Cryptohopper Site to Seed Bitcoin Malware

With the growing ubiquity of bitcoin and other digital assets, bad actors are now working round the clock, trying to formulate near fail-proof ways of stealing the virtual currencies of unsuspecting victims. Now, these “cryptothieves” have cloned the Cryptohopper bitcoin trading platform in a bid to plant various crypto-stealing malware, […]

Longfin CEO Charged by Prosecutors for Propping up Books

Longfin, a FinTech company specializing in structured trade solutions, was previously charged by the SEC for securities fraud and froze $27 million worth of assets. In a press release, the SEC revealed they are now charging ex-CEO, Venkata Meenavalli, with cooking the books and faking 90 percent of the company’s […]

Japan’s Crypto Traders May Face Closer Scrutiny Over Tax Avoidance

Japanese tax authorities are planning to take action on the under-reporting of cryptocurrency-based profits. According to a report by The Asahi Shimbun on Wednesday, the newspaper’s sources have said that larger cryptocurrency transactions could be tracked in an effort to identify trades that are not being declared for tax purposes. […]

FBI Seeks for QuadrigaCX Victims to Aid Ongoing Investigation

According to a report by the Federal Bureau of Investigation (FBI) on June 3, 2019, it is conducting an ongoing investigation alongside the Internal Revenue Service Criminal Investigation (IRS-CI), the United States Attorney’s Office for the District of Columbia, and the Department of Justice’s Computer Crime and Intellectual Property Section […]

TheVault Partner with NEM (XEM) Foundation to Curb Crypto Fraud

NEM Foundation, a Singapore-based non-profit organization responsible for promoting the NEM (XEM) cryptocurrency and distributed ledger technology (DLT) project, has joined forces with TheVault, an artificial intelligence (AI) and blockchain-powered payments platform. The partnership seeks to eradicate fraud in the cryptoassets ecosystem through its anti-fraud solution, according to a blog […]