News with the tag "Cyber crime"

A Manchester Crown Court has sentenced seven gang members for orchestrating a series of kidnappings, violent assaults, and cryptocurrency extortion schemes. Over several months, the group repeatedly targeted one individual, forcing him to transfer substantial amounts of cryptocurrency to their contr...

South Korea has announced sanctions against 15 individuals and one entity from North Korea involved in cybercrimes, including large-scale cryptocurrency heists. The move comes amid rising concerns about North Korea’s use of cyber operations to fund its weapons programs and evade international sancti...

Two central figures behind the cryptocurrency Ponzi scheme known as IcomTech have been sentenced to substantial prison terms, according to a recent press release by the US DoJ. The scheme defrauded thousands of investors out of millions of dollars, leaving financial devastation in its wake. The sent...

As the crypto market continues to offer lucrative opportunities for investors, it has also attracted malicious actors who consistently devise new schemes to defraud inexperienced or beginner investors. The latest press release by the US Department of Justice (DoJ) highlighted a recent example of suc...

A 20-year-old Singaporean, Malone Lam, has requested a “speedy trial” in a US court, following charges of stealing roughly $230 million in cryptocurrency. Lam appeared before a judge in Washington, D.C., to discuss evidence disclosure during the pre-trial proceedings. Along with his alleged accompli...

A 41-year-old dual citizen of China and St. Kitts and Nevis, Daren Li, has pleaded guilty to one count of conspiracy to commit money laundering utilizing crypto. The charge involves a complex scheme that allegedly laundered millions of dollars linked to crypto investment scams. The US Department of ...

In the early hours of Friday, the official X (formerly Twitter) account of EigenLayer, a prominent restaking protocol, was compromised and used to promote a fraudulent airdrop, according to a confirmation from its developer, Eigen Labs. The hackers exploited the account to share misleading posts abo...

Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency wallet hack. Using advanced hacking techniques, the gro...

Stronger threat assessments are needed to catch “seedy financial enterprises” facilitating money laundering schemes,” US Senator Charles Grassley said.

The dark and more ominous side of the crypto world was on display again this week when a 29-year-old foreign national became an unwitting victim in one of Kyiv, Ukraine’s brutal crimes. This incident sheds light on the risks associated with cryptocurrency holdings and exposes the severe consequences...