Crypto money laundering surged to $82B in 2024, with Chinese-language platforms emerging as key conduits, Chainalysis reports, raising alarms over enforcement gaps and cross-border regulatory blind spots.
The FBI has arrested a former Olympian accused of running a global drug operation and using cryptocurrency to launder millions in illicit proceeds, exposing a high-profile link between elite sport, narcotics, and digital finance.
Cybercriminals behind the DeadLock ransomware are now exploiting Polygon smart contracts to manage payments and obscure transaction trails, security researchers warn, complicating detection and undermining traditional blockchain tracking methods.
A 22-year-old has pleaded guilty in a $263 million Bitcoin and crypto scheme, admitting to orchestrating a large-scale fraud that duped investors and laundered digital assets across multiple platforms.
Europol and Swiss police have dismantled a major crypto mixer accused of laundering millions in illicit funds, seizing infrastructure and assets in a coordinated crackdown on criminal use of privacy-focused Bitcoin services.
Authorities are investigating a brutal home invasion and sexual assault tied to a $1.6 million Bitcoin theft, highlighting growing concerns over violent crime linked to digital assets.
Interview with investigator Matt Price explores how on-chain analysis aids law enforcement – tracing illicit flows, improving prosecutions, and the ethical, technical challenges of policing Bitcoin networks.
Elliptic reports North Korean-linked hackers have stolen over $2 billion this year, targeting cryptocurrency platforms and exploiting DeFi vulnerabilities in a sophisticated global crime spree.
In a striking turn, hackers linked to a $140 million heist in Brazil are reportedly utilizing cryptocurrency to launder their proceeds. This shift highlights the growing intersection of cybercrime and digital currencies, raising concerns for law enforcement and regulators alike.
1inch, a decentralized exchange aggregator, has suffered a significant setback, losing $5 million to a hack attributed to vulnerabilities in its smart contracts. The incident underscores the ongoing security challenges faced by DeFi platforms in the crypto space.