An In-Depth Look at Crypto-Crime in 2023 Part 1

Cryptocrime refers to any criminal activity involving the use of cryptocurrency. This can include theft, fraud, money laundering, and other illicit activities. Cryptocurrencies, such as Bitcoin and Ethereum, operate on decentralized networks and are not issued or controlled by any Read More …

FBI Report Reveals Americans Lost Staggering $3.94 Billion to Crypto Investment Scams in 2023

The surge in cryptocurrency scams in 2023, as reported by the FBI, underscores the growing prevalence of digital currency in online crime. With losses reaching $3.94 billion, a 53% increase from the previous year, these scams represent a significant portion Read More …

Former Chelsea player Rati Aleksidze arrested in Germany for ‘gang-related investment fraud’

A former Chelsea striker played a possible minor role in a global investment crime gang, according to prosecutors investigating a cyber scam worth “billions”. Rati Aleksidze was temporarily held under a European arrest warrant in March. German prosecutors told Telegraph Sport Read More …

Operation HAECHI IV: USD 300 million seized and 3,500 suspects arrested in international financial crime operation

LYON, FRANCE – A transcontinental police operation against online financial crime has concluded with almost 3,500 arrests and seizures of USD 300 million (approx. EUR 273 million) worth of assets across 34 countries. The six-month Operation HAECHI IV (July-December 2023) Read More …

Bitcoin ATM company Coin Cloud hacked

In November, the cybersecurity collective vx-underground wrote on X, formerly Twitter, that unknown hackers were claiming to have breached Coin Cloud, a bankrupt Bitcoin ATM company. According to vx-underground, the hackers claimed to have stolen 70,000 pictures of customers taken Read More …

The Rug Pull: A Million-Dollar Scam With A Fake Token Factory

In the dynamic realm of cryptocurrency, recent events have highlighted the ever-present threat of Rug Pulls—deceptive maneuvers that leave investors empty-handed. Threat Intel Blockchain system, developed by Check Point, recently sounded the alarm on a sophisticated scheme that managed to Read More …

Latest evolution of ‘pig butchering’ scam lures victim into fake mining scheme

Crypto fraud has become the dominant form of Internet-based confidence schemes over the past three years, as demonstrated by the sha zhu pan (“pig butchering”) scams Sophos researchers recently investigated. But one variant has been growing at a particularly rapid Read More …

FBI Confirms Lazarus Group Cyber Actors Responsible for Harmony’s Horizon Bridge Currency Theft

The FBI continues to combat malicious cyber activity, including the threat posed by the Democratic People’s Republic of Korea (DPRK) to the U.S. and our private sector partners. Through our investigation, we were able to confirm that the Lazarus Group Read More …

DEV-0139 launches targeted attacks against the cryptocurrency industry

Over the past several years, the cryptocurrency market has considerably expanded, gaining the interest of investors and threat actors. Cryptocurrency itself has been used by cybercriminals for their operations, notably for ransom payment in ransomware attacks, but Microsoft researchers have Read More …