Cybercrime News

Prime Suspect in $2.2M Crypto Fraud Faces Up to 20 Years in Prison

Coins Legend June 23, 2024 0

The U.S. Department of Justice (DOJ) announced on Friday that Robert Wesley Robb, 46, from Colorado, pled guilty to wire fraud for deceiving investors with false promises about a Maximum Extractable Value (MEV) cryptocurrency trading bot. Robb solicited investments via social media, claiming

Cybercrime News

Russian Darknet Markets, Ransomware Groups Thrive Despite Sanctions, Report

Coins Legend February 27, 2023 0

Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and high-risk crypto exchanges have also remained active. Underground Russian Crypto Platforms Adapting to Disruptions Caused by Ukraine

Cybercrime News

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

Coins Legend February 23, 2023 0

Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With Running Cryptocurrency Pyramid A […]

Cybercrime News

Chainalysis: Crypto Scam Revenue Dropped 46% in 2022

Coins Legend February 21, 2023 0

Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam Revenue Fell Significantly in 2022’ Blockchain data analytics firm Chainalysis published its

Cybercrime News

Onecoin Cryptoqueen’s Ex-boyfriend Gets 5 Years in Prison

Coins Legend February 18, 2023 0

A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars’ worth of proceeds from the notorious crypto scam which defrauded investors around the world. Ruja’s Former Boyfriend Sentenced for Money Laundering Linked to Onecoin […]

Cybercrime News

Norwegian Authorities Seize Crypto Worth $6M From Axie Infinity Heist With FBI’s Help

Coins Legend February 18, 2023 0

Norwegian authorities, in collaboration with the Federal Bureau of Investigation (FBI) and the U.S. Department of Justice (DOJ), have allegedly seized about $6 million that was stolen in last year’s Axie Infinity heist. “It is the biggest crypto seizure Norwegian police have ever made,” said Norway’s Økokrim. Norway and FBI Recoup Some Stolen Funds From […]

Cybercrime News

Court to Try 2 Russians for Stealing 86 Bitcoins From Crypto Miner

Coins Legend February 16, 2023 0

Two residents of the Russian city of Tomsk will be tried for “large-scale robbery” involving the theft of cryptocurrency worth millions of rubles from a local miner. The digital coins were stolen from the owner at gunpoint, authorities said, adding that both criminals are now in custody. Thieves Face Trial in Russia for Armed Robbery […]

Cybercrime News

Hackers Attack Domain Registrar Namecheap; Flood of DHL and Metamask Phishing Emails Follow

Coins Legend February 13, 2023 0

On Sunday, Feb. 12, 2023, the domain registrar Namecheap’s email account was compromised by hackers. Subsequently, a large number of individuals received phishing emails claiming to be from Metamask and DHL. These emails originated from the email platform Sendgrid, a service used by Namecheap for marketing correspondence. Namecheap Confirms Email Account Compromise and

Cybercrime News

Seoul Sanctions North Korea Over Crypto Theft

Coins Legend February 12, 2023 0

South Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile development projects. South Korea Hits North Korean Hackers With First Cybercrime Sanctions The […]