Symantec revealed that a WastedLocker ransomware attack was blocked on time after an early alert by the cybersecurity firm. Cybersecurity firm Symantec blocked a ransomware attack by a group known for demanding payment in Bitcoin (BTC) directed at 30 U.S.-based firms and Fortune 500 companies. The announcement published by the cybersecurity firm claims that the […]
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Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money laundering. On June 25, the United States Securities and Exchange Commission charged the issuer of AML Bitcoin — not to be confused with Bitcoin itself — with conducting a fraudulent […]
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NCC Group revealed that a ransomware variant is now asking for million dollar ransoms. A malware group called Evil Corp is reportedly back in action, having recently launched a new ransomware which asks its victims to pay a million dollar ransom. The group had previously gone quiet after the U.S. Department of Justice charged some […]
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Civil lawsuits against telecom providers such as AT&T are becoming commonplace as the number of SIM swap hacking scandals rises. On June 11, it came to light that California resident Richard Yuan Li had been charged with conspiracy to commit wire fraud for his role in a number of SIM swap attacks that targeted at […]
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Congressman Warren Davidson recaps yesterday’s hearing on the digital dollar, which seemed to reach new consensus across party lines — but the devil is in the details. In a June 11 hearing before the Congressional Fintech Task Force, everyone seemed to agree that they could improve financial inclusion by giving people more direct access to […]
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Former chief of Russian Post local branch is arrested on suspicion of running a crypto mining farm inside the office for almost six months. The Russian Police launched a criminal investigation against a former Russia’s regional post office chief, who managed to mine cryptocurrencies through the office’s network in a town of Mineralnye Vody located […]
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Kim Reece is now a finalist for the Samuel J. Heyman Service to America Medal. Criminal analyst, Kim Reece, has been nominated as a finalist for the Samuel J. Heyman Service to America Medal for her efforts in shutting down a major child porn site. News of the nomination came on May 28. According to […]
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The latest developments in proceeding surrounding the notorious OneCoin fraud have seen the plaintiffs in a $4 billion suit plead for the suit to continue. Legal proceedings surrounding the infamous OneCoin Ponzi scheme have seen a couple of updates, with the lead plaintiff for a $4 billion class-action urging the judge not to scrap the […]
Continue ReadingDespite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, […]
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Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency. Several Venezuelan leaders recently came under fire for alleged criminal acts, although, contrary to initial impressions, the situation did not directly involve cryptocurrency usage. “Maduro and his co-defendants are not alleged to have been involved with crypto, directly,” […]
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