cryptocurrencies

Money laundering using cryptocurrencies is the process of disguising the origins of illicit funds by moving them through blockchain networks, exploiting pseudonymity (addresses not directly tied to real-world identities), rapid cross-border transfers, and interoperability between chains...

In the ever-evolving world of cryptocurrency, privacy remains a paramount concern for many users. Bitcoin mixers, also known as tumblers, play a crucial role in enhancing transaction privacy by breaking the traceable link between sender and recipient on the blockchain. Here, We present the top 5...

The Brazilian police announced the completion of Operation Niflheim and the defeat of a large criminal group that used various schemes to launder illegal proceeds through cryptocurrency market instruments. As part of Operation Niflheim, the tax service and police reportedly conducted 23...

Special agents of the US Federal Bureau of Investigation (FBI) in San Diego have shut down websites belonging to three fake services that offered victims of crypto fraud services to recover stolen funds. The blocked websites belonged to MyChargeBack, Payback and Claim Justice, the FBI said. The...

Three retired military personnel from India have complained to the police of the city of Pune that they were deceived by cryptocurrency scammers, depriving them of crypto assets totaling 79.81 lakh rupees (about $96,000). According to the complaint, the victims wanted to secure their pension...

In the world of cryptocurrencies, where innovation and technology go hand in hand, a new threat has emerged for investors and users. Scammers armed with advanced artificial intelligence and deepfakes are creating increasingly sophisticated deception schemes, putting the security of digital...

The creator of Cryptonator was charged for organizing an international money laundering service. The US Department of Justice has charged Roman Pikulev with creating and operating an unlicensed Cryptonator exchange, through which more than $235 million of illegal funds were processed...

Fraudsters published a fake video on YouTube, passing it off as an official speech by billionaire Elon Musk at the Bitcoin 2024 conference, where he promises free distribution of various cryptocurrencies. Despite the fact that the Bitcoin 2024 event has already ended, over the past weekend...

A law has been passed that obliges miners to comply with anti-money laundering legislation. On July 23, State Duma deputies passed a law obliging Russian cryptocurrency miners to comply with anti-money laundering legislation, writes RBC. The document is not directly related to the discussed...

In the Republic of Belarus, there is a tendency to increase the number of cases of illegal use of cryptocurrencies considered by economic courts. Due to the expansion of the use of cryptocurrencies for illegal purposes in 2021, the relevant standards of prosecution were introduced into the...

The head of the National Health Service of the United Kingdom, Amanda Pritchard, called on British lawmakers to take urgent measures to prevent the growing dependence of young people on cryptocurrency trading. Amanda Pritchard (Amanda Pritchard) announced the identification of a new form of...

As with any new technology, the development of AI-based innovations in the crypto industry has stimulated their use for criminal purposes. This is stated in the Elliptic report. The company's specialists have identified five main typologies for such criminal activity: * using generative AI to...

In this article, we tried to answer the question of what privacy is and how it can be achieved in Bitcoin and other digital currencies. In addition, here you will learn about specific mechanisms for achieving confidentiality, as well as how they are applied in practice. The topic will be of...

While working on launching monitoring of cryptocurrency exchangers on Bits.media, I started compiling a list of risks that I encountered and which users wrote to me about after incidents. And so that the good stuff doesn’t go to waste, I decided to put everything in a separate article. I added a...

How quantum computers can destroy the usual encryption systems. Professor Massimiliano Sala of the University of Trento in Italy recently discussed the future of blockchain technologies and their relationship to encryption and quantum computing with the Ripple team as part of the company's...

Individuals who use digital assets to launder money in Taiwan face prison sentences ranging from six months to five years. This follows from the new anti-fraud laws. The package includes: Law on Fraud Prevention and Control. Law on Prevention and Combating Money Laundering. Law on...

Opinions about crypto markets are generally polar: some consider them an effective financial instrument, while others consider them an unstable asset with high activity. However, there is no denying that cryptocurrencies are firmly established in the world and Russian practice. Both as an...

Sources of the Hash Telegraph publication report that the American company Tether actively replenishes the black list of wallets and blocks users from accessing USDT stablecoins. After the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from the...

How relevant are virtual safes for protecting confidential data? Do they guarantee 100% security? And what hacking methods are used by intruders to get inside the cryptographic container? Answers and details can be found in this article. What is a cryptographic container? On the user side, a...

The Central Bank of Russia, the Federal Financial Monitoring Service (Rosfinmonitoring) and five major banks are testing a new "Know Your Crypto Client" service. It will allow credit institutions to identify links between customers ' operations with cryptocurrency and conventional money...