Reports of cryptocurrency and foreign exchange scams surged in the U.K. last year, while total reported losses dropped, says the FCA.
Beyond KYC: Global Regulators Appear Set to Adopt Tough New Rules for Crypto Exchanges
Exchanges will likely have to collect information about their clients’ crypto transactions under new global standards expected in June.
Crypto Investor Awarded Over $75 Million in SIM-Swapping Hack Case
U.S.-based cryptocurrency investor Michael Terpin has been awarded over $75 million in a lawsuit related to a SIM-swapping fraud.
Trading Firms Propose ‘Bad Actors Blacklist’ to Clean Up Crypto Industry
Cryptocurrency trading firms held a Chicago meeting to discuss ways to prevent the rising numbers of hacks and scams in the industry.
DeepDotWeb Defendants Used Bitcoin to Hide Criminal Proceeds, Say Feds
U.S. authorities formally charged the moderators of DeepDotWeb with money laundering using bitcoin and other crimes.
Hackers Are Shuffling Binance’s Stolen Bitcoin
The Binance hackers are moving their stolen BTC into smaller and smaller wallets in an effort to hide their tracks.
Alleged Multibillion-Dollar Crypto Pyramid Scheme OneCoin Sued by Former Investor
The cryptocurrency investment scheme OneCoin, widely claimed to be a fraud, is being sued by a former investor over her losses.
FBI Seizes Popular Dark Market Search Site DeepDotWeb for Money Laundering
The FBI has seized DeepDotWeb, a comparison search system and news site for dark web markets, for alleged money laundering.
FTC Sues Smart Backpack Crowdfunder Who Spent Proceeds On Bitcoin
The Federal Trade Commission is suing a crowdfunder who promised a smart backpack but instead spent the proceeds on bitcoin.
Crypto Crime Blotter: Scammers Dupe Jersey Island Man Out of £1.2 million, Backpage Laundered Cash With Crypto
Did Backpage launder cash through crypto? What happened to three Germans on the DarkWeb? This week’s Crypto Crime Blotter.
NYPD Warns $2 Million Stolen in Scam Involving Bitcoin
The New York Police Department warned the public to be aware of phone scams where callers impersonate government officials and demand bitcoin.
U.S. DOJ Moves to Detain Defendant in Crypto ‘Shadow Banking’ Case
U.S. prosecutors want to detain Reginald Fowler until his trial for illicitly providing banking services to crypto exchanges, which appear to have included Bitfinex.
Crypto Crime May Have Cost Sector $1.2 Billion in Q1, Says Report
Losses arising from cryptocurrency hacks and fraud may have reached as high as $1.2 billion in the first quarter of 2019, CipherTrace estimates.
Microsoft Outlook Hackers Stole Crypto Using Victims’ Emails: Report
Hackers who breached Microsoft Outlook have reportedly used the email service to steal cryptocurrency users’ funds.
Australian Crypto Scam Reports Rose Almost 200% in 2018
Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country’s consumer watchdog.
New Crypto-Mining Malware Targeting Asian Firms With NSA Tools
A new form of malware discovered by Symantec is targeting enterprises using leaked NSA tools to infect networks and mine monero.
US Prosecutors Charge 2 Foreign Nationals Over Bitcoin Investment Scam
Two Nigerian nationals have been indicted in the U.S. for wire fraud and money laundering relating to a fake bitcoin investment scheme.
New York State Sees First Conviction for Crypto Money Laundering
A case involving millions of dollars in bitcoin and Western Union payments resulted in New York State’s first conviction for crypto money laundering.
Student Gets 10-Year Jail Term for SIM-Swap Crypto Thefts Worth $7.5 Million
A 21-year-old student from the U.S. who stole over $7.5 million in cryptocurrency via SIM-swap hacks has been sentenced to 10 years in prison.
Hacked Crypto Exchange Zaif Resuming Full Services Under New Owner
Japanese crypto exchange Zaif, which was hacked for $60 million last year, is reinstating all services after being acquired by investment firm Fisco.