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
June 6, 2024 at 09:35AM The US Justice Department seeks to recover over $5 million stolen from a trade union by cyber scammers through a BEC scam. The fraud involved spoofing emails, recruiting money mules, and rapidly moving funds between bank accounts. The department aims to stop such scams, which cause estimated daily losses of … Read more
November 10, 2023 at 01:53PM Poloniex founder Justin Sun has offered a reward of up to $6.5 million to the hackers who drained $120 million from the cryptocurrency exchange. Sun has given the hackers seven days to return the stolen funds before he engages law enforcement. The attack on Poloniex is the latest in a … Read more