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The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous BTC-e exchange. OFAC Adds Russian Crypto OTC Exchange Suex to Blacklist The Office … Read more
Changing an intelligence agency’s perspective on crypto crime is the next step toward a successful crypto investigation. Go to Source Powered by WPeMatico
Co-founders Diogo Mónica and Nathan McCauley cited the Anchorage’s “stringent processes and procedures” as likely factors in the decision from the federal agency. Go to Source Powered by WPeMatico
The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments. Go to Source Powered by WPeMatico
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain technologies, Korean media reported. South Korean Banks Boost Cybersecurity … Read more
Cryptocurrencies represent far less of a market for criminals compared to traditional finance, so crypto bans won’t solve the problem. Go to Source Powered by WPeMatico
The FBI may have access to a lot more BTC in hacking group’s addresses. Go to Source Powered by WPeMatico
Government officials did not specify the exact method used to seize the funds from the ransomware group. Go to Source Powered by WPeMatico
Hackers will keep hacking as long as organizations are vulnerable — crypto is not an exception. Go to Source Powered by WPeMatico
The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams. Go to Source Powered by WPeMatico