Tag: Crime

Treasury secretary nominee Janet Yellen calls illicit use of cryptocurrency a ‘particular concern’

Treasury secretary nominee Janet Yellen calls illicit use of cryptocurrency a ‘particular concern’

Cryptocurrencies are a “particular concern” for law enforcement officials charged with policing money laundering and other illicit finance, Treasury secretary nominee and former Federal Reserve chair Janet Yellen said during her Senate confirmation hearing today. The comment came in response to a question from Senator Maggie Hassan (D-NH), who asked Yellen about emerging technical threats […]

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Chainalysis: The share of crypto transactions associated with criminal activity fell dramatically in 2020

Chainalysis: The share of crypto transactions associated with criminal activity fell dramatically in 2020

The “criminal” share of all cryptocurrency activity fell to 0.34% ($10 billion) in 2020 — much lower than its share of 2.1% (21.1 billion) last year, according to new data from Chainalysis. Source: Chainalysis According to the analytics firm, one reason for the large decrease is that total cryptocurrency-based economic activity grew three-fold from 2019 […]

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NYPD details its use of cryptocurrency transaction analysis in policy document

NYPD details its use of cryptocurrency transaction analysis in policy document

The New York Police Department (NYPD) published a six-page document that outlines its use policy for cryptocurrency transaction analysis last week. The NYPD’s use of such tools, sourced from unnamed “approved vendors,” was not publicly known until now. The disclosure comes as part of a broader release of impact and use policies related to its […]

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Hardware wallet startup Ledger offers bitcoin bounty for information on data attacks

Hardware wallet startup Ledger offers bitcoin bounty for information on data attacks

Ledger, the crypto wallet firm, has put up a bitcoin bounty worth approximately $350,000 for information on the attackers behind a series of data leaks. The company has published a detailed blog post laying out the recent history of leaks and phishing attacks that have compromised the personal information of hundreds of thousands of its […]

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German authorities take down DarkMarket, allegedly the world’s largest Dark Web marketplace

German authorities take down DarkMarket, allegedly the world’s largest Dark Web marketplace

German authorities have taken the alleged operator of underground internet marketplace DarkMarket into custody. The investigators also deactivated the servers of the marketplace, which claimed to have over 500,000 users and 2,400 vendors among its user base. DarkMarket processed at least 320,000 transactions, moving around 4,650 BTC and 12,800 XMR, according to a statement published […]

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Database containing personal information of over 270,000 Ledger customers released on RaidForums

Database containing personal information of over 270,000 Ledger customers released on RaidForums

A database containing the personal information of over 270,000 Ledger customers has been published on RaidForums, a marketplace for buying, selling, and sharing hacked information. The database, reviewed by The Block, contains the emails, physical addresses, and phone numbers of Ledger hardware wallet buyers. Today’s leak is the result of a data breach Ledger suffered […]

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DOJ inspector general calls on FBI to finish developing a ‘cryptocurrency support strategy’

DOJ inspector general calls on FBI to finish developing a ‘cryptocurrency support strategy’

A report from the U.S. Department of Justice’s Office of the Inspector General called on the FBI to complete its work on a cryptocurrency support strategy as part of a wider effort to beef up its ability to contend with dark web activities. The recommendations were included in a 58-page report, partially redacted and published […]

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What did Chinese police do with the 200,000 bitcoins they seized during the PlusToken takedown?

What did Chinese police do with the 200,000 bitcoins they seized during the PlusToken takedown?

Quick Take It wasn’t clear until over a year later the fact that Chinese police seized almost 200,000 BTC during the 2019 summer arrests of six PlusToken masterminds. Based on blockchain analysis, it appears the police approved the sales of much of the PlusToken bounty. But why that happened — and the details surrounding the […]

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