In recent years with the current market hacks and money laundering. To combat this, The US is coming forward by proposing a bill to expand Secret Service powers in the crypto crime fight. In a bipartisan effort to combat cryptocurrency-related crime, US Senators Catherine Cortez Masto (D-Nevada) and Charles Grassley
As per recent reports, the attackers stole nearly $2.45 billion in DeFi. Cybercriminals stole $1.3 billion in cryptocurrencies between January and March 2022. Following the DeFi attack warning from the U.S Federal Bureau of Investigation (FBI), the latest data reveals that, since the beginning of decentralized finance (DeFi), approximately $2.45
Illicit transaction volumes are down around 15% in the year through to July. Total scam revenue is $1.6 billion so far in the year, 65% less than July 2021. The global crypto market witnessed a tremendous collapse so far this year. The market shrunk below $1 trillion, because of numerous
Scammers attempted to attack DeBridge Finance, thought to be Lazarus Group. Recently, the Lazarus Group attacked Axie Infinity’s Ronin Bridge, wor.th $622M. According to the latest tweet thread from Alex Smirnov, the co-founder of Cross-Chain Interoperability Protocol, DeBridge Finance, his firm had been the victim of an attempted cyberattack, probably
Police in Victoria will be able to recover cryptocurrencies from criminals. New rules will give Victorian police greater power to identify cyber scammers. As per the reports, the Victorian Police in Australia will shortly receive the power to seize cryptocurrency wallets and digital assets from cyber criminals, under the newly
Nowadays, the NFT sector is continuously facing threats from cyber attackers, more NFT platforms and communities are being the victim of attacks from them. The NFT influencer Zeneca is the new victim of scammers. Zeneca’s Twitter account was hacked and a phony airdrop was advertised on the NFT influencer Twitter
Last year, the scammers demanded $15 million in Bitcoin from Graff Diamonds. The jewelry had paid $7.5 million in Bitcoin to the Conti ransomware group. As per the reports from a London lawsuit, Graff Diamonds, a British luxury jewelry firm, has paid $7.5 million in Bitcoin to a group of
Malware targets near 30 crypto wallets and browsers to steal money. Cybercriminals unusually push the users to download the software. According to Cyble Research Labs, a crypto-stealing malware, named PennyWise, has been spreading throughout YouTube. The malware generally targets browser extensions and cryptocurrency wallets such as Zcash and Ethereum, to
The rise of technology together brings efficient ways for crime to flourish also. Amidst this, the rise of cryptocurrency gave even more efficient possibilities. Ever since the introduction of cryptocurrency to the world, most of the underworld dealings, illegal drugs trafficking, and especially cybercrimes all have been transacted through cryptocurrencies.
