US Treasury Secretary Yellen says crypto misuse is a growing problem
The private sector invests enormous resources to help the government combat crypto crimes, U.S. Treasury Secretary Janet Yellen said. Go to Source Powered by WPeMatico
Cybercrime
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Komainu to store crypto confiscated by UK law enforcement
The Assistant Commissioner of the City of London Police said the partnership with Komainu would help in “denying criminality the proceeds of crime.” Go to Source Powered by WPeMatico
Japanese police are investigating 30 people allegedly involved in the 2018 Coincheck hack
Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds. Go to Source Powered by WPeMatico
Notorious crypto figures arrested in 2020
Despite the crypto industry experiencing a major rise in mainstream interest in 2020, the year also saw many prominent crypto personnel apprehended by regulators. Go to Source Powered by WPeMatico
Architect of DoJ’s crypto framework will no longer be leading their policy-making
Major figure in Justice Department’s cyber work is out from the policy office, but no word on where she’s heading next. Go to Source Powered by WPeMatico
Bitcoin’s reputation still a deterrent for institutions, Draper fund analyst says
Institutions still fear Bitcoin’s criminal persona, its volatility, and other factors. Go to Source Powered by WPeMatico
Bitcoin theft is likely to surge in meager post-COVID economy: report
Cybercriminals may favor a different cryptocurrency in the coming months, however. Go to Source Powered by WPeMatico
Report: Crypto crimes declined in 2020, but DeFi hacks are on the rise
The recent surge in DeFi makes the industry is an attractive target for hackers. Go to Source Powered by WPeMatico
A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion
On November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they dubbed “Individual X.” The following is an in-depth look at what we know about the … Read more
Cybercrime task force monitoring the global digital financial system
Regulators are addressing the growing threat of transnational cybercrimes in the financial industry. Go to Source Powered by WPeMatico