Crimes

Brazil wants to tight the penalties for financial crimes involving crypto

Brazil wants to tight the penalties for financial crimes involving crypto

Brazilian lawmakers have approved a set of new penalties for laundering money with cryptocurrency. As part of their efforts to create stricter regulations for cryptocurrency-related crimes. According to an official announcement on Wednesday, Brazil’s Special Committee of the Chamber of Deputies has approved a bill. That significantly tightens penalties for financial crimes involving cryptocurrencies like […]

US Court Says $250 million stolen from unnamed crypto exchanges

US Court Says $250 Million Stolen from Unnamed Crypto Exchanges

Crypto exchanges and cryptocurrency companies may constantly be trying to improve their usability and security, but when there’s a weakness for hackers to exploit, they go big or go home. According to court documents released by Seamus Hughes at Program on Extremism, the United States District Court for the District of Columbia already convened a […]

Crypto in latin america

Crypto Contributes to Money Laundering Problems in Latin America

Amid a major economic downturn, countries in Latin America (LATAM) are increasingly suffering from money laundering through cryptocurrencies, a new report says. Cryptocurrencies like Bitcoin have become a major tool of organized crime groups and hackers in LATAM countries, according to a Feb 27 report issued by threat intelligence firm IntSights. Titled “The Dark Side […]

Irish High Court seizes $56 million in bitcoin

Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer

An alleged drug dealer lost $52 million euro (over $56 million) in Bitcoin after the Irish High Court ruled that they were criminal proceeds and should be confiscated. Local news outlet independent.ie reported on Feb 19 that the court accepted that Clifton Collins was involved in drug trafficking. Collins didn’t content the Criminal Assets Bureau’s […]

bitcoin scammers target users using Google AdSense

New Email Extortion Scam Targets Google AdSense, Demands Bitcoin

A new extortion scam targeting website owners serving banner ads through the Google AdSense program has begun circulating the internet. The malicious scheme demands Bitcoin in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension. The email-based extortion scheme was first reported by security news and investigation block KrebsOnSecurity […]