In response to the National Cybersecurity Strategy Implementation Plan (NCSIP), the Department of Justice (DoJ) will combine the National Cryptocurrency Enforcement Team (NCET) with the Computer Crime …
Crypto Crime Hit All-Time High of $20.6B in 2022: Chainalysis
Crypto crime accounted for a record-setting $20.6 billion worth of blockchain transactions in 2022, according to a new report from blockchain research firm Chainalysis. While other forms of illicit …
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DeFi Has Become Crypto Crime’s Main Arena, Crystal Blockchain Says
More than $14.5 billion in crypto has been lost to hacks and scams since 2011, and DeFi (decentralized finance) is attackers’ new favorite target, says analytics firm Crystal Blockchain. In the past …
Continue Reading about DeFi Has Become Crypto Crime’s Main Arena, Crystal Blockchain Says
DeFi Has Become Crypto Crime’s Main Arena, Crystal Blockchain Says
More than $14.5 billion in crypto has been lost to hacks and scams since 2011, and DeFi (decentralized finance) is attackers’ new favorite target, says analytics firm Crystal Blockchain. In the past …
Continue Reading about DeFi Has Become Crypto Crime’s Main Arena, Crystal Blockchain Says
Know who is first in Crypto Crime
Coincub reports that there have been over 15 verified cases of crypto crime in the nation, with revenues estimated at $1.59 billion. The United States, Russia, China, and the United Kingdom are the …
How Big Is Crypto Crime, Really?
The European Union is in late-stage talks over how to implement new rules intended to curb dodgy behavior that uses virtual assets – but estimates of the share of crypto payments linked to financial …
NY State Senator’s Bill Builds Legal Framework to Prosecute Crypto Crimes
Kevin Thomas, a New York state senator, has introduced a new bill amendment that would establish some offenses related to rug pulls and other frauds with virtual tokens as official crimes, a report …
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2019 experienced massive spate of crypto crimes, $4.4 billion to date
Research shows that the majority of cryptocurrency exchanges are not equipped to handle basic KYC. Nations only have seven months left to pass laws and virtual asset service providers to comply with …
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Hackers Stole Over $4 Billion From Crypto Crimes In 2019 So Far, Up From $1.7 Billion In All Of 2018
In the first half of this year, cyber criminals stole around $4.26 billion through cryptocurrency theft, scams, and fraud campaigns, a recent CipherTrace report shows. This indicates a recent surge in …
UK government announces ‘robust’ crypto regulation as part of economic crime plan
The government of the United Kingdom has laid out plans to step up regulation of crypto assets in its efforts to respond to economic crime in the country. In a policy paper released on March 30, the …