95% of criminal activity in crypto accounts for Bitcoin and Ether due to their brand name and ease of use, CipherTrace’s CEO says. The Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins, it has been claimed. Criminals mostly use BTC and ETH to…
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The German Federal Ministry of Finance has expressed concerns about using privacy tokens due to their association with criminal activities and difficulties to track them down. The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them. Published on…
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SIM swapping victim Michael Terpin wrote an open letter to FCC Chairman Ajit Pai to take action against this type of fraud. SIM swapping victim Michael Terpin wrote an open letter to the United States Federal Communication Commission (FCC) Chairman Ajit Pai. In his letter, posted by Coindesk on Oct. 21, Terpin requested that the…
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United States law enforcement agencies analyzed Bitcoin transactions to locate and subsequently shut down a global child pornography site. United States law enforcement agencies have analyzed Bitcoin (BTC) transactions to locate and shut down a global child pornography site. Per an Oct. 16 press release, the U.S. Department of Justice announced the shutdown of the…
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The notorious North Korean hackers known as the Lazarus APT Group have created another malware targeting Apple Macs and cryptocurrency users. The notorious North Korean hackers known as the Lazarus APT Group have created another malware targeting Apple Macs that masquerades behind a fake cryptocurrency firm. Apple Mac security specialist and principal security researcher at…
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Bank of Ireland executives have backed out of testifying before the U.S. Government in the criminal proceedings regarding OneCoin multi-million scam. Bank of Ireland (BOI) executives have backed out of the testimony before the United States Government in the criminal proceedings regarding a $400 million worth money laundering scheme through cryptocurrency scam OneCoin. No testimony…
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Russian federal customs service stopped the illegal import of four cryptocurrency mining devices from Mongolia into Siberia. The Federal Customs Service of the Russian Federation stopped the illegal import of four crypto mining devices from Mongolia into Russia. Crypto mining equipment confiscated On Oct. 1 Coinspot reported that a Mongolian citizen was trying to smuggle…
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The United States Commodity Futures Trading Commission charges a United States resident with a $7 million Bitcoin-related fraud. The United States Commodity Futures Trading Commission (CFTC) charged a United States resident with a $7 million Bitcoin (BTC)-related fraud. In an official news release published on Sept. 30, the regulator revealed that Jon Barry Thompson of…
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Ethereum Name Service auctions were halted because of a bug that resulted in names being awarded to wrong users and for lower bids. Ethereum Name Service (ETN) name auctions were halted because of a bug that resulted in names being awarded to wrong users and for lower bids. Faulty documentation ENS’s editor Brantly Millegan announced…
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The U.S. District Court for the Southern District of New York ordered cryptocurrency company Longfin to pay a total of $6.7 million in penalties. The United States District Court for the Southern District of New York has ordered purported cryptocurrency company Longfin to pay a total of $6,755,848 million in penalties. Falsely obtained qualification for…
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