December 2, 2024 at 03:09AM A global law enforcement operation, Operation HAECHI-V, arrested over 5,500 suspects tied to financial crimes and seized $400 million in virtual assets. Conducted by authorities from 40 regions between July and November 2024, the coordinated effort highlights the critical need for international police cooperation to combat cybercrime effectively. **Meeting Takeaways … Read more
November 5, 2024 at 03:34PM The FBI recovered $8 million from a $47 million cryptocurrency scam linked to Shan Hanes, former CEO of Heartland Tri-State Bank, who embezzled funds after being lured into the scheme. Hanes was sentenced to 24 years in prison, and the investigation revealed his abuse of trust in a small community. … Read more
September 20, 2024 at 09:51AM Law enforcement authorities conducted Operation Kaerb, dismantling an international criminal network leveraging the iServer phishing platform. This led to 17 arrests, 28 searches, and seizure of items, with an estimated 1.2 million mobile phones unlocked. Additionally, Ghost, an encrypted communications network, was dismantled, and 47 cryptocurrency exchanges in Germany were … Read more
July 24, 2024 at 01:04PM Hamster Kombat, a popular mobile currency game with over 250 million users, is being targeted by malicious actors. Fake Android and Windows software are used to install spyware and other malware. Users searching for the game’s Telegram channel may come across channels distributing Android malware and spyware, posing a risk … Read more
June 4, 2024 at 04:39PM The FBI warned that scammers are using fake remote job ads to steal cryptocurrency from job seekers, posing as recruiters for legitimate companies. The scammers create work-from-home scams with confusing compensation structures and use fake portals. The FBI advises caution, not sending money to alleged employers, and reporting suspicious activities … Read more
May 28, 2024 at 09:33AM Chirag Tomar, an Indian national, has pleaded guilty to wire fraud conspiracy in the U.S. for stealing over $37 million by creating a fake cryptocurrency exchange website. The site tricked users into disclosing login details, enabling the theft. The case is part of a wider crackdown on international cybercrime, including … Read more
March 19, 2024 at 01:27AM Moldovan national Sandu Boris Diaconu has been sentenced to 42 months in a US prison for operating the illicit E-Root Marketplace, offering hundreds of thousands of compromised credentials. The DoJ seized the infrastructure associated with E-Root and Perfect Money and said it’s recovering $2.3 million worth of cryptocurrency linked to … Read more
December 18, 2023 at 07:52AM Four U.S. nationals have been charged with a cryptocurrency investment scam, earning over $80 million through various illicit activities. The scheme involved pig butchering scams and shell companies, resulting in significant financial losses for victims. This reflects a concerning trend of increasing cryptocurrency investment scams, as reported by the FBI. … Read more
November 7, 2023 at 06:07PM Microsoft has removed a fraudulent Ledger Live app from its store after users lost $768,000 worth of cryptocurrency assets. The fake app, called Ledger Live Web3, had been in the store since October 19 and started stealing cryptocurrency a few days ago. Despite obvious red flags, the app managed to … Read more