The Niagara Regional Police Service (NRPS) in Ontario, Canada, has partnered with major cryptocurrency ATM operators to launch a public awareness campaign aimed at reducing cryptocurrency-related scams. The initiative, announced by law enforcement authority on January 21, 2025, includes...
CLS Global has agreed to plead guilty to charges of fraudulent market manipulation and wire fraud following an undercover operation led by the U.S.’s Federal Bureau of Investigation (FBI). According to a plea deal announced on January 21, the...
In Rajasthan, India, law enforcement has discovered a major cryptocurrency laundering scheme involving stablecoins like Tether (USDT). Several individuals have been arrested for converting over ₹ one crore (about $115,546) into USDT and transferring the funds to international cybercriminal...
Authorities in Jeju Island, South Korea, have arrested six Chinese nationals for allegedly stealing 1 billion won (around $689,000) during a stablecoin exchange. The incident took place on January 20 at a local hotel, as reported by Maeil Business...
Lancashire Police have seized £28 million in assets from an international bitcoin fraud ring that exploited a flaw in an Australian cryptocurrency trading platform, according to the Lancashire Telegraph. The scam, which began in 2017, allowed ringleader James Parker,...
Crypto scammers increasingly use Telegram to distribute malware scams, with reported activity rising by 2,000% since November. Security firm Scam Sniffer has highlighted this concerning trend, noting that these scams are significantly more sophisticated than traditional phishing attempts. 1/6...
A 63-year-old former Malaysian engineer lost RM9.47 million (over $2 million) in a cryptocurrency investment scam, according to local police authorities. Local news outlet The Edge Malaysia reported that Police Chief Datuk M Kumar stated it received the victim's...
The United Kingdom has launched a consultation to explore a nationwide ban preventing operators of critical national infrastructure from paying ransomware cybercriminals. The proposed "targeted ban," announced on January 14 by the Home Office, would apply to public sector...
In 2024, crypto laundering associated with hacking surged to $1.3 billion, a 280% increase from $342 million in 2023, according to a January 13 report by PeckShield. The rise is primarily attributed to the significant increase in cryptocurrency prices,...
Three Russian nationals, Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov, have been charged by a U.S. federal grand jury for their roles in running cryptocurrency mixing services Blender.io and Sinbad.io. These platforms allegedly facilitated money laundering...
