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Canadian man says kidnappers wanted to torture him for his Bitcoin: Report

An unnamed Canadian man says he’s been forced to move from one Airbnb to another to evade his suspected kidnappers.

A Canadian volunteer moderator of a crypto forum has reportedly gone into hiding with his family after kidnappers allegedly attempted to abduct him and force him to give up his Bitcoin. 

The victim, who wasn’t named in Canadian French language news outlet La Presse’s Jan. 6 report, claims he saw the accused prepare a violent attack before he and his children managed to escape.

“It’s incredible violence,” the man told La Presse.

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Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Crypto’s record-breaking year sees spike in kidnappings and ransom schemes

A rise in ransomware, kidnappings and extortion shows the growing risks faced by crypto traders and investors as the sector expands.

Crypto traders are increasingly becoming targets for kidnappings and extortion, as highlighted by several alarming cases reported in recent weeks.

In France, police rescued a man found tied up in the trunk of a car in Le Mans after his captors made a ransom demand to his son, a crypto influencer living in Dubai, according to France Bleu Normandie, a local French outlet.

The incident, which occurred on the night of Jan. 1, saw officers from Le Mans intercepting a stolen vehicle at a gas station. Upon opening the trunk, they discovered a disoriented 56-year-old man doused in gasoline.

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Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

ZachXBT claims there is an uptick in thieves targetting crypto traders offline 

Online platform GitHub has a list of at least 15 recorded incidents of in person crypto theft in the last year, around 17 in 2023, and 32 in 2021. 

Blockchain investigator ZachXBT says he’s noticed an uptick in messages from people alleging they are the victims of in person crypto robbery. 

In an Oct. 10 post, the onchain sleuth said he had received messages from multiple victims of crypto home invasion thefts “in Western Europe over the past few months at a much higher rate than other regions.” 

He made the same claim in a Sept. 27 message shared via his Telegram channel, saying he knew of several individuals in the crypto community who had been held at gunpoint and had their crypto stolen in recent months.

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Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Tether Helps Dutch and US Authorities Seize $7.8M in Crypto

Tether Helps Dutch and US Authorities Seize .8M in CryptoTether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

DOJ Seizes Illicit Crypto Exchanges in Charging of Two Russians With $1,000,000,000 Money Laundering Operation

DOJ Seizes Illicit Crypto Exchanges in Charging of Two Russians With ,000,000,000 Money Laundering Operation

The U.S. Department of Justice (DOJ) has teamed up with other federal and international law enforcement agencies to charge two Russian nationals with multiple cybercrimes, including running illegal crypto exchanges. In a new press release, the DOJ says it is charging Russian nationals Sergey Ivanov and Timur Shakhmametov with crimes ranging from facilitating stolen credit […]

The post DOJ Seizes Illicit Crypto Exchanges in Charging of Two Russians With $1,000,000,000 Money Laundering Operation appeared first on The Daily Hodl.

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Tron, Tether, and TRM Labs Join Forces to Tackle Crypto Crime

Tron, Tether, and TRM Labs Join Forces to Tackle Crypto CrimeTron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin. Crypto Giants Tron, […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Florida Man Convicted for Violent Kidnapping, Assault and Crypto-Stealing Scheme

Florida Man Convicted for Violent Kidnapping, Assault and Crypto-Stealing Scheme

A 24-year-old man from Florida has been convicted of running a crypto-stealing scheme that also included kidnapping and assault. In a new press release, the U.S. Department of Justice (DOJ) says that Remy St. Felix, from West Palm Beach, was the mastermind of a burglary crew that targeted crypto owners from September 2022 to July […]

The post Florida Man Convicted for Violent Kidnapping, Assault and Crypto-Stealing Scheme appeared first on The Daily Hodl.

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Federal Agents Crack Down on Drug Ring Using Crypto Mixers

Federal Agents Crack Down on Drug Ring Using Crypto MixersHolly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating all forms of illegal dark web and cryptocurrency activities in the Eastern […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports

Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis ReportsBlockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft and drug trafficking. Despite the availability of various tools, many respondents are dissatisfied with current resources, highlighting […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Tether freezes $5.2 million in USDT linked to phishing scams

Since its inception, Tether has frozen over $1 billion worth of assets linked to illicit activities on demand from law enforcement agencies.

Stablecoin issuer Tether froze USDT (USDT) worth $5.2 million linked to phishing scams on May 14. This USDT was stored in 12 Ethereum wallets tagged as “USDT Banned Address.” 

On-chain analytic firm Slomist’s chief security officer said that the addresses were being used for laundering funds from phishing scams without elaborating further.

Tether, the world’s largest stablecoin issuer, has frozen billions of dollars of assets linked to hacks, exploits and scams. In an X post, CEO Paolo Ardoino said the firm has blocked more than $1.3 billion since its inception, and approximately $1.6 million is related to terrorist finance.

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Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System