2024-3-9 20:36 |
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime. origin »
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Over $20 billion was lost to crypto crime in the past year. The daily volume of Bitcoin was over $14 billion, with global money laundering close to $800 billion. Cryptocurrency has developedThe post Unveiling the crypto crime paradox: Balancing perception with reality appeared first on AMBCrypto.
2023-8-31 16:30 | |
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Crypto scams have experienced a significant decline of 77% in the first half of 2023, plummeting from a staggering $3. 3 billion to $1. 1 billion, as shown in a recent report from blockchain intelligence firm, Chainalysis.
2023-7-13 10:25 | |
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Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report.
2023-6-28 15:00 | |
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The new task force will have an international reach, as one unit has 93 overseas locations in 56 countries. Crypto crime accounted for $20. 6 billion in 2022, as per Chainalysis. On 20 June, The post U.
2023-6-21 12:30 | |
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The new Chainalysis report highlights the dark side of crypto
2023-1-13 19:52 | |
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The total crypto scam revenue year-to-date currently stands at $1.6 billion as recorded by a recent Chainalysis report. This purports a near 65% decline from the previous year's period which appearThe post Statistics in this crypto crime report might give you goosebumps appeared first on AMBCrypto.
2022-8-18 08:00 | |
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Elliptic Connect, a blockchain data analytics firm, released a report Wednesday — widely covered in both the crypto and news media — entitled “Cross-chain Crime: More Than Half a Billion Dollars has Been Laundered Through a Cross-chain Bridge.
2022-8-11 19:08 | |
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More than $14.5 billion in crypto has been lost to hacks and scams since 2011.
2022-7-28 17:00 | |
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News related to cryptocurrency crime has been in abundance for a while, often starving the industry of its legitimacy. However, the same technology also lends it credence due to the accessibility of wThe post Report: With over $11 billion in criminal crypto wallets, here's how the future looks appeared first on AMBCrypto.
2022-2-17 02:30 | |
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It’s 2022, so naturally, the feds have brought down a Bitcoin-laundering power couple — one half of whom is a crypto wallet CEO who is also an extremely bad rapper. Heather Morgan and Ilya “Dutch” Lichtenstein were arrested by federal agents on Tuesday for allegedly laundering $4.
2022-2-11 00:12 | |
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Crypto crime can be a controversial subject, as the often unregulated nature of the asset makes it easy to accuse investors and entrepreneurs of money laundering - while missing out on real scammers aThe post Chainalysis report reveals $8.
2022-1-28 00:30 | |
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Crypto scammers made away with $14.00 billion (£10.34 billion) in the past year, setting a new record for the highest amount pinched from the industry. Blockchain analytics company Chainalysis disclosed this news through its annual Crypto Crime report, noting that the crypto space recorded a 79% rise in the amount of money lost to scams […] The post Scammers pinched a record $14B from the crypto market in 2021 appeared first on Invezz.
2022-1-8 20:37 | |
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Scams again emerged as the dominant form of cryptocurrency-based crime by transaction volume, a preview of Chainalysis’ Crypto Crime Report revealed. The post Rug pulls pushed this year’s crypto scam revenue over $7.
2021-12-17 07:30 | |
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Cryptocurrency crime stands in direct proportion to the size of the cryptocurrency market. It is estimated that the cryptocurrencies stolen between January 2011 and December 2021 amount to $12. 1 billion.
2021-12-17 17:56 | |
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Know Your Customer (KYC) procedures play a fundamental role in the combat against money laundering and the financing of terrorism (CFT). According to a 2018 report by KPMG, banks spend close to $25 billion every year on financial crime risk management.
2021-12-1 19:07 | |
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Losses from crime and theft associated with decentralized finance applications jumped 7 times in a year to reach $10.5 billion, according to a new study.
2021-11-28 12:39 | |
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Fraudulent activities have been running rampant on Decentralized Finance (DeFi) platforms, according to new research conducted by crypto analysis firm Elliptic. The losses have amounted to up to $10.
2021-11-19 13:32 | |
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Crypto continues to be a controversial asset when it comes to the law and crime. Just this fiscal year alone, the IRS has seized $1. 2 billion worth of cryptocurrency. The U. S. government started seizing crypto assets during the Silk Road shutdown of 2013.
2021-8-7 20:00 | |
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During the first five months of 2020, losses from cryptocurrency hacks, thefts, and frauds spiked to about $1. 4 billion, as per the report from CipherTrace. The crypto crime in 2020 is on track to be the second largest on record after last year’s $4.
2020-6-3 18:10 | |
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Cryptocurrency crime led to a loss of $4.52 billion in 2019. The volume of lost digital assets doubled in a year.
2020-2-14 11:05 | |
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On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.
2019-12-17 16:00 | |
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Crypto scams are profitable. There is a lot of hype around cryptos and many incautious investors around, so it is not uncommon that crypto crime attracts so many people. CipherTrace’s latest reports have shown that crypto scammers were able to swindle $4.
2019-8-13 23:31 | |
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Thefts, scams and other misappropriation of funds from digital currency holders and exchanges have resulted in a $4.3 billion in losses throughout 2019, according to CipherTrace
2019-8-13 21:26 | |
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A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil‘s Central Bank.
2019-5-22 12:25 | |
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Organized crime in the real estate market This is “malignant cancer on our economy and our society”, Attorney General Bitcoin has been bashed by government officials and big names on the grounds that it is used for money laundering and as a result, should be banned.
2019-5-12 19:03 | |
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Losses arising from cryptocurrency hacks and fraud may have reached as high as $1.2 billion in the first quarter of 2019, CipherTrace estimates.
2019-5-1 16:30 | |
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A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1. 3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia.
2019-3-7 08:25 | |
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A $9 billion USD money laundering scandal was recently uncovered by the Organized Crime and Corruption Reporting Project, a group of investigative journalists. The scandal involved Troika, the largest private bank of Russia.
2019-3-7 00:09 | |
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A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian.
2019-3-6 16:12 | |
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A new report from CipherTrace suggests that hackers stole $1. 7 billion worth of digital currency from investors in 2018 as organized crime is becoming more common. A separate report from Chainalysis suggests that two sophisticated criminal groups stole $1 billion, accounting for a massive portion of total cryptocurrency hacks.
2019-2-2 15:59 | |
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Two “prominent professional hacking groups” are responsible for the majority of publicly reported hacks of cryptocurrency exchanges and other cryptocurrency organizations, concludes a report published by blockchain data analytics firm Chainalysis this week.
2019-2-2 01:45 | |
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Last year was the worst yet in regards to crypto crime, a new report reveals. The industry lost more than $1. 7 billion to crypto crooks, three times the 2017 tally. In what has become an ever-evolving menace, the thieves have continued to refine their methods.
2019-1-30 13:15 | |
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Crypto-related crime spiked massively last year, according to the latest report from AML firm CipherTrace. Digital crooks made off with some $1. 7 billion worth of crypto assets in 2018. Some $950 million of the ill-gotten riches were siphoned off exchanges and related crypto infrastructure, growing more than threefold from the previous year.
2019-1-29 21:02 | |
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According to a new report by Chainalysis, 60 percent of cryptocurrency hacks (over $1 billion) were carried out by just two professional groups. Cryptocurrency Hacks Are a Centralized Affair If you were already disgruntled by claims of market manipulation and centralized mining, you really won’t like this.
2019-1-30 20:00 | |
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India has intensified efforts to curb crypto-related scams by collaborating with tech giants Google and Meta (formerly Facebook), according to the Ministry of Home Affairs’ 2024 annual report.
T3 Financial Crime Unit (T3 FCU) has frozen criminal assets valued at $100 million across five continents. Formed by Tether, TRON, and TRM Labs in August 2024, the group collaborates with law enforcement worldwide to disrupt organized schemes that rely on blockchain transactions.
The demand for fresh narratives in the crypto space has ignited a booming trend—AI-inspired memecoins. These tokens, blending artificial intelligence with the viral appeal of meme culture, have surged to a collective market capitalization of over $10 billion, as per Coingecko data.
Pig butchering scams led to $3. 6 billion in crypto losses in 2024, emerging as the most significant fraud scheme of the year, according to a report by web3 security firm Cyvers. The long-term fraud method, where victims are groomed over time to make substantial investments, outpaced other forms of crypto scams in 2024.
The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, are particularly concerned about the growing number of schemes involving bogus crypto investments.
Crypto frauds and hacks in 2024 caused $2.3 billion in losses, with Ethereum and multisig wallets most affected, exposing critical vulnerabilities. The post Over $2.3 Billion Stolen in Crypto Hacks and Frauds in 2024 appeared first on BeInCrypto.
The U. S. Securities and Exchange Commission charged three individuals on Dec. 11 with impersonating securities brokers and investment advisers to execute a scheme involving digital assets. The complaint names three Nigerian nationals and alleges that their actions diverted more than $2.
