Feds Seize Record-Breaking $15 Billion in Bitcoin From Alleged Scam Empire

Officials in the US and UK have taken sweeping action against “one of the largest investment fraud operations in history,” confiscating a historic amount of funds in the process.

‘OpenAI’ Job Scam Targeted International Workers Through Telegram

An alleged job scam, led by “Aiden” from “OpenAI,” recruited workers in Bangladesh for months before disappearing overnight, according to FTC complaints obtained by WIRED.

Trump Frees Silk Road Creator Ross Ulbricht After 11 Years in Prison

Donald Trump pardoned the creator of the world’s first dark-web drug market, who is now a libertarian cause célèbre in some parts of the crypto community.

The ‘Largest Illicit Online Marketplace’ Ever Is Growing at an Alarming Rate, Report Says

Huione Guarantee, a gray market researchers believe is central to the online scam ecosystem, now includes a messaging app, stablecoin, and crypto exchange—while facilitating $24 billion in transactions.

Meet ZachXBT, the Masked Vigilante Tracking Down Billions in Crypto Scams and Thefts

He just untangled a $243 million bitcoin theft, what may be the biggest-ever crypto heist to target a single victim. And he has never shown his face.

Nigeria Drops Charges Against Tigran Gambaryan, Jailed Binance Exec and Former IRS Agent

After eight months, one of the US’s most prominent crypto-crime investigators may finally be coming home.

69,000 Bitcoins Are Headed for the US Treasury—While the Agent Who Seized Them Is in Jail

The $4.4 billion in crypto is set to be the largest pile of criminal proceeds ever sold off by the US. The former IRS agent who seized the record-breaking sum, meanwhile, languishes in a Nigerian jail cell.

Pressure Grows in Congress to Treat Crypto Investigator Tigran Gambaryan, Jailed in Nigeria, as a Hostage

A new resolution echoes what 16 members of Congress have already said to the White House: It must do more to free one of the most storied crypto-focused federal agents in history.

Inside a Violent Gang's Ruthless Crypto-Stealing Home Invasion Spree

More than a dozen men threatened, assaulted, tortured, or kidnapped 11 victims in likely the worst-ever crypto-focused serial extortion case of its kind in the US.

Digital Forensics for Investigating the Metaverse

Exploring the Metaverse? Discover its hidden cybersecurity risks and stay protected. Dive into the evolving world of virtual reality with us, where we uncover and tackle the security challenges of tomorrow

Microsoft Uncovers 'Moonstone Sleet' — New North Korean Hacker Group

A never-before-seen North Korean threat actor codenamed Moonstone Sleet has been attributed as behind cyber attacks targeting individuals and organizations in the software and information technology, education, and defense industrial base sectors with ransomware and bespoke malware previously associated with the infamous Lazarus Group. "Moonstone Sleet is observed to set up fake companies and

How Researchers Cracked an 11-Year-Old Password to a $3 Million Crypto Wallet

Thanks to a flaw in a decade-old version of the RoboForm password manager and a bit of luck, researchers were able to unearth the password to a crypto wallet containing a fortune.

Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam

The U.S. Department of Justice (DoJ) has charged two arrested Chinese nationals for allegedly orchestrating a pig butchering scam that laundered at least $73 million from victims through shell companies. The individuals, Daren Li, 41, and Yicheng Zhang, 38, were arrested in Atlanta and Los Angeles on April 12 and May 16, respectively. The foreign nationals have been "charged for leading a scheme

Dutch Court Sentences Tornado Cash Co-Founder to 5 Years in Prison for Money Laundering

A Dutch court on Tuesday sentenced one of the co-founders of the now-sanctioned Tornado Cash cryptocurrency mixer service to 5 years and 4 months in prison. While the name of the defendant was redacted in the verdict, it's known that Alexey Pertsev, a 31-year-old Russian national, had been awaiting trial in the Netherlands on money laundering charges.

The $2.3 Billion Tornado Cash Case Is a Pivotal Moment for Crypto Privacy

Tuesday’s verdict in the trial of Alexey Pertsev, a creator of crypto-privacy service Tornado Cash, is the first in a string of cases that could make it much harder to skirt financial surveillance.

Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds

A forensic analysis of a graph dataset containing transactions on the Bitcoin blockchain has revealed clusters associated with illicit activity and money laundering, including detecting criminal proceeds sent to a crypto exchange and previously unknown wallets belonging to a Russian darknet market. The findings come from Elliptic in collaboration with researchers from the&

A Vast New Data Set Could Supercharge the AI Hunt for Crypto Money Laundering

Blockchain analysis firm Elliptic, MIT, and IBM have released a new AI model—and the 200-million-transaction dataset it's trained on—that aims to spot the “shape” of bitcoin money laundering.

Akira Ransomware Gang Extorts $42 Million; Now Targets Linux Servers

Threat actors behind the Akira ransomware group have extorted approximately $42 million in illicit proceeds after breaching the networks of more than 250 victims as of January 1, 2024. "Since March 2023, Akira ransomware has impacted a wide range of businesses and critical infrastructure entities in North America, Europe, and Australia," cybersecurity agencies from the Netherlands and the U.S.,

Ex-Security Engineer Jailed 3 Years for $12.3 Million Crypto Exchange Thefts

A former security engineer has been sentenced to three years in prison in the U.S. for charges relating to hacking two decentralized cryptocurrency exchanges in July 2022 and stealing over $12.3 million. Shakeeb Ahmed, the defendant in question, pled guilty to one count of computer fraud in December 2023 following his arrest in July. "At the time of both attacks,

Cryptocurrency and Blockchain security due diligence: A guide to hedge risk

Blockchain technology has experienced remarkable adoption in recent years, driven by its use across a broad spectrum of institutions, governments, retail investors, and users. However, this surge in… Read more on Cisco Blogs

U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned three cryptocurrency exchanges for offering services used to evade economic restrictions imposed on Russia following its invasion of Ukraine in early 2022. This includes Bitpapa IC FZC LLC, Crypto Explorer DMCC (AWEX), and Obshchestvo S Ogranichennoy Otvetstvennostyu Tsentr Obrabotki Elektronnykh Platezhey (

U.S. Sanctions Russians Behind 'Doppelganger' Cyber Influence Campaign

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Wednesday announced sanctions against two 46-year-old Russian nationals and the respective companies they own for engaging in cyber influence operations. Ilya Andreevich Gambashidze (Gambashidze), the founder of the Moscow-based company Social Design Agency (SDA), and Nikolai Aleksandrovich Tupikin (Tupikin), the CEO and

Binance’s Top Crypto Crime Investigator Is Being Detained in Nigeria

Tigran Gambaryan, a former crypto-focused US federal agent, and a second Binance executive, Nadeem Anjarwalla, have been held in Abuja without passports for two weeks.

The Mystery of the $400 Million FTX Heist May Have Been Solved

An indictment against three Americans suggests that at least some of the culprits behind the theft of an FTX crypto fortune may be in custody.

Beanstalk cryptocurrency heist: scammer votes himself all the money

Voting safeguards based on commuity collateral don't work if one person can use a momentary loan to "become" 75% of the community.

Wormhole cryptotrading company turns over $340,000,000 to criminals

It was the best of blockchains, it was the worst of blockchains... as Charles Dickens might have said.