December 10, 2024 at 05:19AM The documentary “Biggest Heist Ever” on Netflix explores the 2016 Bitfinex heist by Ilya Lichtenstein and Heather Morgan, dubbed the “Bitcoin Bonnie and Clyde.” It chronicles their crime involving nearly 120,000 stolen Bitcoin, their subsequent arrests, and prison sentences. Reception has been mixed, with a 6.1 IMDb rating. ### Meeting … Read more
December 5, 2024 at 07:09PM Charles O. Parks III pleaded guilty to running a large-scale cryptojacking operation that defrauded cloud service providers out of $3.5 million to mine nearly $970,000 in cryptocurrency. He used various aliases, abused services, laundered profits, and faces up to 20 years in prison upon sentencing. **Meeting Takeaways: Charles O. Parks … Read more
December 4, 2024 at 03:25PM The UK’s National Crime Agency disrupted two Russian money laundering networks, arresting 84 suspects in “Operation Destabilise.” These networks, linked to ransomware gangs, laundered millions for cybercriminals. The operation unveiled connections among Russian elites, cybercriminals, and UK drug gangs, highlighting significant international collaboration in tackling such financial crimes. ### Meeting … Read more
December 4, 2024 at 10:36AM German authorities have shut down the Crimenetwork platform again, arresting a 29-year-old suspected admin and seizing about €1 million in cryptocurrency. Launched in 2012, the platform facilitated illegal sales, amassing more than €90 million in transactions. Law enforcement aims to enhance data-sharing efforts for future investigations. ### Meeting Takeaways: 1. … Read more
November 15, 2024 at 11:39AM Ilya Lichtenstein, who stole 119,754 Bitcoin from Bitfinex in 2016, was sentenced to five years in prison after pleading guilty to money laundering. Arrested in 2022, he helped launder the funds with his wife, Heather Morgan. Authorities recovered about 80% of the stolen Bitcoin, worth $3.6 billion at seizure. ### … Read more
November 15, 2024 at 09:14AM Ilya Lichtenstein has been sentenced to five years in prison for stealing nearly 120,000 Bitcoin from Bitfinex in 2016, worth about $69 million at the time. He and his wife, Heather Morgan, also pleaded guilty to laundering the stolen proceeds. Their assets will be forfeited to the US government. ### … Read more
November 15, 2024 at 06:36AM Ilya Lichtenstein, the Bitfinex hacker who stole and laundered approximately $1 billion in Bitcoin, has been sentenced to five years in prison. **Meeting Notes Takeaways:** 1. **Individual Involved**: Ilya Lichtenstein is identified as the hacker connected to the Bitfinex theft. 2. **Crime Summary**: Lichtenstein stole bitcoin valued at approximately $1 … Read more
September 10, 2024 at 10:33AM The FBI’s annual report on crypto-related cybercrime highlights a grim reality, with over $5.6 billion in losses in the US in 2023, a 45% increase from the previous year. Those aged 60 and over are the most vulnerable, falling victim to investment scams promising huge returns from cryptocurrency. The FBI … Read more
August 19, 2024 at 04:20PM In the first half of 2024, ransomware victims paid $459.8 million, setting the stage for a new record if payments continue. This is 2% higher than 2023, despite law enforcement operations disrupting ransomware-as-a-service. Large organizations are targeted for larger payments and data theft. Ransomware payment inflows have increased, but total … Read more
July 11, 2024 at 06:55PM In 2023, the cryptocurrency industry saw a surge in cybercrime, with ransomware attacks, money laundering, and stolen funds being prevalent. Despite a decrease in money laundering, the value of stolen funds decreased, and cryptocurrency scams remained significant. Darknet markets showed signs of recovery but didn’t reach previous revenue levels. Vigilance … Read more