News with the tag "Crypto crime"

The US Treasury Department on Friday lifted economic sanctions against Tornado Cash, a cryptocurrency mixing service that had been accused of enabling illicit financial activities, including money laundering for North Korean hackers. The move follows a legal challenge from cryptocurrency advocates a...

Aleksei Andriunin, the founder of Gotbit, has struck a plea deal that could allow him to avoid hefty fines and a long prison sentence. According to court documents made public on March 20, Andruinin has officially pleaded guilty to market manipulation and wire fraud charges and has agreed to forfeit...

Australian authorities have ramped up efforts to combat a sophisticated crypto scam that is deceiving investors by impersonating Binance, the world’s largest cryptocurrency exchange by trading volume. The Australian Federal Police (AFP), in collaboration with the National Anti-Scam Centre (NASC) and...

A former girlfriend of a cryptocurrency fraudster, known in the industry as “The Godfather,” has admitted to a federal tax charge stemming from her involvement in his illicit activities. Iris Ramaya Au, 35, is accused of failing to report more than $2.6 million in earnings obtained through her forme...

Digital assets traded in the red on Tuesday as Bitcoin dipped to press time levels of $83.89K. While altcoins endured significant declines amid tariffs-driven macroeconomic worries, memes seemed to suffer the most. Coingecko data shows the market cap of all meme tokens lost over 20% in the previous ...

North Korea’s Lazarus Group has executed one of the most sophisticated crypto laundering schemes to date, moving $1.39 billion in stolen Ethereum (ETH) from Bybit in just 10 days. The cybercriminals exploited decentralized finance (DeFi) protocols, particularly THORChain, to obscure the origins of t...

THORChain’s native token has plummeted 20% in the past 24 hours, wiping off recent gains as the rest of the market also bleeds. The price of THORChain (RUNE) changed hands around $1.20, dipping sharply after hitting highs above $1.60. RUNE faced rejection at the resistance level that has previously ...

In a startling turn of events highlighting the darker side of the burgeoning cryptocurrency world, South Korean authorities have made swift arrests in connection with a brazen crypto-related robbery. The incident, which unfolded in South Korea, underscores the growing intersection of digital assets ...

A hacker responsible for the $1.4 billion Bybit heist has laundered over 50% of the stolen Ethereum in just five days, pushing THORChain’s transaction volumes to record highs. According to blockchain analytics firm Spot On Chain, the attacker moved 266,309 Ethereum (ETH), worth approximately $614 mi...

The UK government has introduced a new crime bill to help law enforcement seize and destroy crypto linked to crime. After its first reading in the House of Commons, the Crime and Policing Bill is moving to its second reading and will soon go to the committee stage. According to reports, this bill is...