As the crypto industry continues to develop at a rapid pace, so do the ransomware attacks, but regulators now seem ready to step in.
Crimes News
Crimes that are made within cryptocurrency and related spheres are usually defined as cryptocurrency crimes. The legal status of digital currencies is not clear enough and governments all over the world are searching for a way to regulate operations in the cryptosphere. That is why most of the crimes cannot be forecasted or punished properly. The most common crypto-crime until the end of 2017 has been in relation to Initial Coin Offerings (ICO), which were conducted by frauds and by stealing money from electronic wallets and storages through hacking or fraudulently-obtained information. Besides that, a lot of users’ money was stolen when using unverified exchanges and making transactions through suspicious services. Also, people lost money by joining financial cryptocurrency pyramids.
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The FBI paid tens of thousands of dollars worth of cryptocurrency to a nuclear engineer in exchange for SD cards containing classified data.
8491The penalties are part of a new piece of legislation that also regulates crypto trading and payments.
5822In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse.
11801Many claimed that Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding that his body be exhumed.
3715Those who lost money in a 2016 U.S. crypto exchange heist maybe be entitled to additional recoupment.
1901The government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments.
4201“I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all,” said Riccardo Spagni.
8844A fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million.
4720The National Civil Police later released a statement saying Mario Gómez’s detainment was related to an investigation for financial fraud.
6614An internal audit released by the United States Postal Inspection Service has recommended that the agency develop a "comprehensive crypto training program" to reduce risks during its investigations.
2901The exchange hinted of legal action against "FUD-peddlers and individuals with malicious intent" threatening its business interests.
13374Changing an intelligence agency's perspective on crypto crime is the next step toward a successful crypto investigation.
1892The Swedish prosecutor had argued in court that the man should be stripped of his illicitly earned Bitcoin at the equivalent value in fiat currency at the time of his conviction.
18396The decentralized industry has to spend additional resources to raise its standards and implement cybersecurity best practices.
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