$BTC $20334 (5.44%) $ETH $1154.12 (7.67%) $SOL $36.71 (9.34%) $DOGE $0.07 (2.14%) $DOT $7.17 (4.72%) $MATIC $0.49 (7.02%) $FTT $26.03 (6.95%) $ATOM $8.86 (9.11%) $NEAR $3.53 (6.58%) $XMR $124.12 (6.54%) $ALGO $0.32 (3.47%) $XTZ $1.55 (6.3%) $LUNA $2.18 (1.55%)

/ Two Charged for Operating a Cryptocurrency Exchange Business

A federal grand jury returned a 33-count superseding indictment charging two cryptocurrency exchange operators with money laundering and other financial crimes. In March 2021, a grand jury returned a 20-count indictment charging Ian Freeman, Colleen Fordham, Renee Spinella, Andrew Spinella, “Nobody” (formerly Richard Paul), and Aria DiMezzo with an assortment of financial crimes related to the operation of a “virtual currency exchange business in violation of federal anti-money laundering laws and regulations, including those requiring money transmitting businesses to meet registration and reporting requirements.”

More on Darknetlive2022-04-28

/ Seized Silk Road Bitcoin to Clear Ross Ulbricht's $183M Debt

Silk Road creator Ross Ulbricht will see his $183 million debt wiped out following the seizure of $3 billion in bitcoin connected to an unnamed Silk Road hacker, according to a court filing. In 2015, Ulbricht was sentenced to life in prison without parole. He was also ordered to pay $183 million in restitution, a figure calculated from the total illegal sales on Silk Road using an exchange rate at the time of each transaction. Court documents in 2020 reveal that the Justice Department seized 69,370 bitcoins from a hacker who moved the trove to a private wallet in April 2013.

More on CoinDesk2022-04-22

/ Flaw in Rarible NFT market allowed tricky crypto asset transfers

A security flaw in the Rarible NFT (non-fungible token) marketplace allowed threat actors to use a relatively simple trick to steal digital assets and transfer them directly into their wallets. Rarible is a community-centric NFT marketplace that offers up to 50% in royalties, having 2.1 million registered users, hundreds of millions U.S. dollars in annual trading volumes, and support for three blockchains. The dangerous flaw in the marketplace was discovered by analysts at Check Point, who worked with Rarible to implement a fix. However, users who have already fallen victim need to check for and revoke the token approvals they granted via past fraudulent transaction requests.

More on Bleeping Computer2022-04-14

/ Florida Darkweb Vendor Forfeits $34 Million in Crypto

A darkweb vendor in Florida forfeited $34 million worth of illicitly earned cryptocurrency. According to an announcement from the U.S. Attorney’s Office for the Southern District of Florida, a judge entered a default judgment in favor of the United States against $34 million* worth of cryptocurrency seized from a darkweb vendor. The forfeiture includes 640.26804512 BTC, 640.2716098 Bitcoin Cash, 640.2715428 Bitcoin Gold, 640.2716043 Bitcoin S.V., and 919.30711258 ETH. According to prosecutors, the forfeiture is “one of the largest cryptocurrency forfeiture actions ever filed by the United States.”

More on Darknetlive2022-04-07

/ Cash App notifies 8.2 million US customers about data breach

Cash App is notifying 8.2 million current and former US customers of a data breach after a former employee accessed their account information. Block, Inc., the owner of Cash App, disclosed in a Form 8-K SEC filing that the breach occurred on December 10th, 2021, after a former employee downloaded internal Cash App reports while no longer employed at the company. Block says that the reports included Cash App customers' full names and brokerage account numbers associated with investment activity on Cash App. For some customers, additional information was exposed in the reports, including portfolio values, holdings, and possibly trading activity for one trading day.

More on Bleeping Computer2022-04-06

/ Germany Shuts Down Russian Hydra Darknet Market; Seizes $25 Million in Bitcoin

Germany's Federal Criminal Police Office, the Bundeskriminalamt (BKA), on Tuesday announced the official takedown of Hydra, the world's largest illegal dark web marketplace. "[543] Bitcoins amounting to currently the equivalent of approximately €23 million were seized, which are attributed to the marketplace," the BKA said in a press release. The agency attributed the shutdown of Hydra to an extensive investigation operation conducted by its Central Office for Combating Cybercrime (ZIT) in partnership with U.S. law enforcement authorities since August 2021. Launched in 2015, Hydra was a Russian-language dark web marketplace that opened as a competitor to the now-defunct Russian Anonymous Marketplace (aka RAMP), primarily known for its high-traffic narcotics market before expanding their focus to peddle forged documents and stolen credit cards.

More on The Hacker News2022-04-05

/ EU Parliament Votes for More Crypto Surveillance

Two European Parliament committees voted in favor of changes to the Transfer of Funds Regulation that target transactions to and from unhosted wallets. The Committee on Economic and Monetary Affairs and the Committee on Civil Liberties, Justice and Home Affairs voted in favor of amendments to the Transfer of Funds Regulation that “impose a host of new privacy invasions on wallet users,” according to Coinbase’s Chief Legal Officer. The amendments are ostensibly aimed at cracking down on money laundering, but critics have voiced their concerns about the effects the amendments will have on privacy. And exchanges are naturally concerned about their ability to do business.

More on Darknetlive2022-04-02

/ North Korean Hackers Distributing Trojanized DeFi Wallet Apps to Steal Victims' Crypto

The North Korean state-backed hacking crew, otherwise known as the Lazarus Group, has been attributed to yet another financially motivated campaign that leverages a trojanized decentralized finance (DeFi) wallet app to distribute a fully-featured backdoor onto compromised Windows systems. The app, which is equipped with functionalities to save and manage a cryptocurrency wallet, is also designed to trigger the launch of the implant that can take control of the infected host. Russian cybersecurity firm Kaspersky said it first encountered the rogue application in mid-December 2021.

More on The Hacker News2022-04-01

/ Satoshi Island: 'Crypto paradise' where citizenship costs $130,000

Meet Satoshi Island, a 32 million square foot private isle giving you access to pristine waters, year-round sunlight, modular homes, and the promise of a decentralized democracy. The Satoshi Island we're talking about isn't a tale of fiction, but a real-life private island dedicated to the crypto community. Located in the tropical paradise of Vanuatu, between Australia and Fiji, the island is owned by Satoshi Island Holdings Ltd., which intends to turn it into "the crypto capital of the world"— a place where crypto enthusiasts and professionals can thrive. And, the name of the island is hardly surprising—inspired by Satoshi Nakamoto, the pseudonymous person purported to be the original developer of Bitcoin (BTC).

More on Bleeping Computer2022-03-29

/ US Justice Dept. Charges Ethereum NFT Project Creators Over 'Rug Pull'

So-called NFT “rug pulls” or scams hurt buyers who invest their money into hot new projects. But the pseudonymous nature of the crypto space doesn’t mean that alleged scammers can always disappear without consequences, as a pair of NFT creators have discovered. Today, the United States Department of Justice announced that it has charged a pair of 20-year-olds, Ethan Nguyen and Andre Llacuna, with conspiracy to commit wire fraud and conspiracy to commit money laundering over the Frosties NFT project. Nguyen (a.k.a. “Frostie” and other pseudonyms) and Llacuna (“heyandre”) are the alleged creators of Frosties, an Ethereum NFT project that held its mint in January. After selling through the 8,888 NFTs and banking about $1.1 million worth of ETH in the process, the creators closed down the project’s Discord channel and disappeared with the funds.

More on Decrypt2022-03-25

/ National Crime Agency Wants to Regulate Bitcoin Mixers

The UK’s National Crime Agency is calling for the regulation of cryptocurrency mixers. Gary Cathcart, head of financial investigation at the National Crime Agency, said that mixers “can be used to provide a ‘layering’ service, churning criminal cash, obscuring its origins and audit trail, similar to how a cash business might be used by criminals to legitimize cash through the banking system.” According to the NCA, “regulation would force mixers to comply with money laundering laws, with an obligation to carry out customer checks and audit trails of currencies passing through the platforms.” The NCA said that law enforcement needs to be able to investigate “what is often serious criminal activity.”

More on Darknetlive2022-03-16

/ BitConnect Founder Indicted in Global $2.4 Billion Cryptocurrency Scheme

A federal grand jury in San Diego returned an indictment today charging the founder of BitConnect with orchestrating a global Ponzi scheme. BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalization of $3.4 billion.

More on DOJ2022-02-25