Category Archives: Bitcoin Crime

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Cybersecurity Report: Cryptojacking Remains an Acute Threat in 2018

Cybersecurity Report: Cryptojacking Remains an Acute Threat in 2018Cybercrime ran rampant last year, and the cryptocurrency market was no exception, as evidenced by hacks involving bitcoin ransoms and the pervasive use of cryptojacking. Cryptojacking involves using someone’s CPUs to secretly mine cryptocurrency without that person’s permission. And according to a report by the UK’s National Crime Agency… Read More »

Criminal Bitcoin Trader Found Guilty of Money Laundering in Arizona

Criminal Bitcoin Trader Found Guilty of Money Laundering in ArizonaThough many convicted criminals serve time and receive help reforming, for one Bitcoin trader, his record continues to grow from felony marijuana charges to money laundering. First reported by CCN earlier as an “unlicensed money transmitting business,” it appears as though Thomas Mario Costanzo, who often… Read More »

Scammers are Purporting to be Cryptocurrency Exchange Tech Support, FBI Warns

Scammers are Purporting to be Cryptocurrency Exchange Tech Support, FBI WarnsThe Federal Bureau of Investigation (FBI) recently sounded the alarm on tech support scams throughout the web and pointed out that cryptocurrency users are being increasingly targeted. Individual victims, according to the agency, often see losses “in the thousands of dollars.” The FBI’s Internet Crime… Read More »

The NSA Has Been Tracking Bitcoin Users, Snowden Papers Reveals

The NSA Has Been Tracking Bitcoin Users, Snowden Papers RevealsNot to be mistaken for another Jason Bourne thriller, the Edward Snowden papers show a US government/bitcoin connection. The Intercept is reporting classified documents leaked by Snowden prove that the US National Security Agency (NSA) in fact was keeping tabs on bitcoin users globally, as evidenced by… Read More »

Brazilian Prison System Officials Caught in $22.4 Million Bitcoin Fraud

Brazilian Prison System Officials Caught in $22.4 Million Bitcoin FraudAccording to Brazilian news outlet Agência Brasil, authorities in Rio de Janeiro recently uncovered a money laundering scheme in which state officials misstate the budget spent on food for state-run prisons. Bitcoin was reportedly used to exchange some of the scheme’s proceeds, which totaled roughly $22.4… Read More »

US Regulators Working Together to Combat Crypto Fraud, Says CFTC’s Giancarlo

US Regulators Working Together to Combat Crypto Fraud, Says CFTC’s GiancarloUS regulators have begun to coordinate with their overseas counterparts to combat cryptocurrency fraud, Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo said Wednesday. Giancarlo revealed this international effort during a U.S. House of Representatives committee hearing on the CFTC’s budget for fiscal year… Read More »

20 Organizations File Amicus Briefs in Support of Silk Road Founder Ross Ulbricht

The post 20 Organizations File Amicus Briefs in Support of Silk Road Founder Ross Ulbricht appeared first on CCN Twenty organizations signed onto amicus briefs in support of Silk Road operator Ross Ulbricht’s petition to have his case reviewed by the US Supreme Court. On Feb. 5, five amicus curiae briefs were filed regarding Ulbricht… Read More »

Cyberinsurance Providers are Coming for Cryptocurrency Exchanges

The post Cyberinsurance Providers are Coming for Cryptocurrency Exchanges appeared first on CCN 2017 was one of the worst years for hacking on record. We’ve seen reports of unsolicited miner-ware installations generating millions of dollars worth of Monero, Coincheck‘s breach result in close to half a billion dollars in losses, ICO phishing scams, and much more. This… Read More »