Latest Cryptocurrency Threats – Page 2
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NewsSt Kitts and Nevis becomes leading nation in Caribbean for crypto-banking as market soars
The dual-island nation of St Kitts and Nevis has quickly become a leading nation in the Caribbean region for crypto-literate banking.
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NewsCryptocurrency fraud continues to plague UK
So far in 2021, news reports reveal that cryptocurrency fraudsters have cheated over £146m ($200USD) out of victims in Great Britain.
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NewsNew scam exploits iPhone users looking for love
Researchers at Sophos Labs have unearthed a fake iOS cryptocurrency apps that has targeted US, European victims for at least $1.4 million.
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ebookCrypto-crime
An introduction to ransomware, darknet markets, money laundering and related illicit activities defining the crypto- crime landscape today.
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NewsBiden administration mulls executive order on crypto oversight
In an effort to tighten regulations on cryptocurrencies, the Biden administration is considering an executive order on the new asset class.
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NewsUS announces national cryptocurrency enforcement team
The United States Department of Justice (DOJ) has created a new task force to tackle complex investigations and prosecutions of criminal misuses of cryptocurrency.
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NewsBrazil to tighten penalties for crypto-related financial crimes
Brazil’s Special Committee of the Chamber of Deputies has approved a bill to crack down on cryptocurrency crimes, with focus specifically on individuals or groups who use cryptocurrency to launder money in Brazil.
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NewsCryptocurrency from at least 6,000 customers stolen, Coinbase announces
Coinbase has sent out breach notification letters to at least 6,000 customers notifying them that their funds have been stolen by hackers.
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NewsMoney laundering fears surface as El Salvador makes bitcoin official currency
El Salvador has become the first country to adopt digital currency bitcoin legal tender.
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WebinarHow to mitigate crypto risks with the right data-driven compliance strategy
Despite increased adoption of cryptocurrency across the world, some financial institutions continue to hold back from banking cryptocurrency businesses and investing resources to capitalize on its opportunities, in part because of the perception that it is impossible to control for illicit activity.
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NewsFCA to be demanding of crypto asset exchanges in ML fight
As exchanges dealing in digital tokens and other crypto assets can be used to launder the proceeds of crime, Britain’s Financial Conduct Authority (FCA) must insist businesses with a UK presence meet necessary standards, chairman Charles Randell told an industry audience.
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NewsFAFT reports identifies room for improvement in Japan’s AML/CFT measures
Japan has a good understanding of the main elements of money laundering and terrorism financing risks, but there are areas where things could be better.
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NewsUS names three people for financial crimes in South America
The treasury department in the US has sanctioned three Paraguayans for money laundering and import-export offences based in the Tri-Border Area of Paraguay, Argentina and Brazil.
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NewsHackers steal $97m from Japanese crypto exchange
Tokyo-based cryptocurrency exchange company, Liquid, has reportedly lost $97 million due to a cyber attack.
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NewsPoly Network offers job to $604m hacker
Cryptocurrency service provider Poly Network says it is cordially inviting cyber-attacker ‘Mr White Hat’ – a term used for ethical hackers who search for vulnerabilities in organisations’ IT systems which could expose them to attacks – to be the company’s chief security advisor.
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NewsUkraine shuts down money laundering cryptocurrency exchanges
The Security Service of Ukraine (SBU) has reportedly closed a network of cryptocurrency exchanges used by more than 1,000 ‘customers’ to launder funds received from Russian electronic payments processors, including Yandex.Money, Qiwi and Webmoney.
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NewsHackers steal $600m in cryptocurrency raid
Cyber-attackers have taken around $600m (€510m) of digital tokens from Poly Network in what is believed to be one the largest ever thefts of cryptocurrency.
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NewsCrypto fraud and asset recovery network set up
A group of lawyers, forensic accountants, corporate intelligence and asset recovery experts have launched the Crypto Fraud and Asset Recovery network (CFAAR) in the UK to, they say, place the country centre stage for resolution of global crypto disputes.
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NewsBipartisan US bill will treat digital assets as commodities
U.S representatives have reintroduced a bill that will define and establish how federal regulators should handle cryptocurrency.
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NewsBinance unauthorised, says Italian Regulator
Italy’s financial regulator, CONSOB, announced that Binance is not authorised to provide investment services in the country.