Crime
Will a Digital Dollar Solve the Crypto Ransomware Problem?
Responding to recent high-profile ransomware attacks on major food and oil companies, U.S. lawmakers are amping up their criticism of bitcoin and cryptocurrencies. Dave Jevans of CipherTrace, which tracks crypto crime and anti-money laundering trends, discusses the potential solutions to cyberattacks and whether having a digital dollar is one of them.
Major Law Enforcement Operation Busts 300 Crime Rings, Recovers Millions in Crypto
The operation used intelligence gathered from an encrypted service developed by the FBI and Australian police.
UK Police Raid Suspected Cannabis Factory, Find Bitcoin Mining Operation
"It's certainly not what we were expecting!" one of the officers said.
Uphold Exec Accused of ‘Fraudulently Misdirecting’ $700K in Funds
Uphold's former chief compliance officer allegedly misdirected corporate and user funds. He denies the claim, though a private investigator says there may be more.
Iran Enlists Its Intelligence Agency to Crack Down on Illegal Crypto Mining
The Iranian government is attempting to trace illegal crypto-mining operations to reduce the strain on the country’s electricity supply.
Buyer of Jack Dorsey’s First Tweet Reportedly Arrested in Iran
Although Iranian officials confirmed arresting members of Estavi’s company, it is unclear if the Malaysia-based businessman was one of those detained.
Colonial Pipeline Paid Almost $5M Crypto Ransom Soon After Attack: Report
The company previously said it would not pay the hackers.
Rari Capital Plans to Refund Stolen $10.6M in Ethereum From Dev Fund
The attack exploited Rari Capital’s integration with Alpha Finance Labs’ ibETH token.
Turkish Crypto Exchanges Must Report Transactions Over $1,200, Finance Minister Says
The country is rushing to regulate the crypto market after two local crypto exchanges went offline in April.
How Common Is Crypto Crime?
Regulators like Janet Yellen and industry leaders like Charlie Munger have made headlines in recent weeks for claiming criminals use bitcoin, but how common is crypto crime, really? Philip Gradwell, the chief economist at Chainalysis, a crypto analytics firm, says it’s rare.
