October 4, 2024 at 03:02PM Russian law enforcement detained nearly 100 suspects connected to the Cryptex cryptocurrency exchange, UAPS anonymous payment service, and other platforms for illegal payments and stolen credentials. The individuals were arrested for organizing criminal activities, illegal payment processing, and banking activities. They made over $1.1 billion in 2023 and were linked … Read more
September 19, 2024 at 12:00PM German law enforcement seized 47 cryptocurrency exchanges in the country for facilitating illegal money laundering for cybercriminals, creating a low-risk environment for criminal transactions. The “Final Exchange” portal now redirects visitors to a warning page, revealing that extensive user and transaction data have been secured for future investigations. The operators … Read more
August 6, 2024 at 02:33AM Cryptonator, an online digital wallet and cryptocurrency exchange, was shut down in a joint operation involving the FBI, IRS, and German police. It allegedly facilitated criminal activities, including money laundering and fraud. CEO Roman Boss, a Russian national living in Germany, is accused of enabling illegal transactions and faces charges … Read more
March 27, 2024 at 10:10AM The US Department of Justice has charged cryptocurrency exchange KuCoin and its founders for failing to comply with anti-money laundering requirements, allowing illicit use of the platform. The indictment claims KuCoin knowingly allowed US users to trade without fulfilling AML obligations. This non-compliance resulted in the movement of at least … Read more
November 2, 2023 at 03:24PM The Lazarus hacking group, believed to be linked to North Korea, has been targeting blockchain engineers of a cryptocurrency exchange platform with a new macOS malware called ‘KandyKorn’. The attackers use social engineering to trick victims into downloading a malicious ZIP file disguised as a legitimate arbitrage bot. The malware, … Read more