Tagged: fbi

OneCoin Founder, Ruja Ignatova, Who Defrauded Investors of up to $4 Billion Makes FBI Most Wanted List

Ruja Ignatova, founder of OneCoin and sometimes referenced as the Cryptoqueen, is in the news again – this time for joining a very exclusive club – the FBI’s Most Wanted List. Ignatova is accused of having defrauded investors out of $4 billion via her company… Read More

NFT Insider Trading: Former OpenSea Manager Arrested by FBI as DOJ Claims First Ever Digital Asset Insider Trading Scheme

A former employee of OpenSea (Ozone Networks, Inc.) has been arrested and charged with the first-ever digital asset insider trading scheme, according to the US Department of Justice (DOJ). Nathanial Chastain a former Product Manager at OpenSea has been charged with wire fraud, and money… Read More

FBI Arrests EminiFX Operator for Alleged Crypto, Forex Scams

The Federal Bureau of Investigation (FBI) has arrested Eddy Alexandre, operator of the crypto and Forex trading platform EminiFX, regarding allegations of a $59 million fraud. According to the Department of Justice (DOJ), Alexandre allegedly committed commodities and wire fraud soliciting over $59 million from… Read More

Destructive Malware Deployed Against Ukraine Organizations: FBI, Cybersecurity and Infrastructure Security Agency Report

The FBI Cyber Division notes that cyber threat actors have recently “deployed destructive malware” against organizations operating in Ukraine. The FBI and Cybersecurity and Infrastructure Security Agency noted in an extensive update that “leading up to Russia’s unprovoked attack against Ukraine, threat actors deployed destructive… Read More

The FBI Warns About Growing SIM Swap Threat: $68 Million Stolen in 2021

SIM Swap fraud has been prevalent for years now targeting both traditional financial services as well as crypto investments. The scam is where a criminal hijacks your mobile phone by using a new SIM card affiliated with your phone number. Once accomplished, two-factor authentication goes… Read More

BTC and other Cryptos Not a Safe Haven for Criminals, Officials Claim After Seizing $3.6B in Crypto Stolen in Bitfinex 2016 Hack

Stephen Palley. Partner, Anderson Kill. Chair, Technology, Media & Distributed Systems Group, noted that an FBI agent once told (with “false modesty to be sure”) that their biggest breaks often “come not from law enforcement genius but from mistakes by their targets.” Palley further noted… Read More

Alleged Ransomware Perpetrators Who Demanded Payment in Bitcoin & Monero, Charged by US Department of Justice in Kaseya Scam

Alleged perpetrators of the ransomware attack on, Kaseya – an IT firm that helped systems administrators manage large networks, have been charged by the US Department of Justice for the attack. This case is part of the Department of Justice’s Ransomware and Digital Extortion Task… Read More

CipherTrace Shares Report on Blockchain Analysis that Helped US Seize $2M+ in DarkSide Ransom Paid by Colonial Pipeline

On June 7, 2021, the US Department of Justice announced that they had managed to seize 63.69 BTC (valued at around $2.5 million) of the 75 BTC ransom Colonial Pipeline was forced to pay to DarkSide. This ransom recovery is notably the very first undertaken… Read More

US Government Claws Back Crypto from Ransomware Scam as Feds Flex Growing Tech Muscle

The Colonial Pipeline ransomware attack caused incredible disruptions to the US economy costing businesses and consumers millions of dollars in lost productivity. As the price of gas rose, and people queued up at stations waiting on the dwindling supply due to the malfeasance, the perpetrators,… Read More

Former FBI Official Gurvais Grigg Comments on Why He Joined Blockchain Analysis Firm Chainalysis

Gurvais Grigg recently revealed why he joined blockchain analysis firm Chainalysis as its Global Public Sector CTO after working for over two decades at the Federal Bureau of Investigation (FBI), most recently as Assistant Director of the FBI Laboratory. In his new role, Grigg will… Read More

New Hampshire Residents being Indicted for Operating Illegal Virtual Currency Business, while Accepting “Church Donations”

Six New Hampshire residents are reportedly facing federal indictment because of an elaborate scheme that allowed people to exchange over $10 million for digital currencies like Bitcoin (BTC) and Ethereum (ETH). The US District Court indictment alleges that the co-conspirators had tricked or deceived financial… Read More

Crypto Advocate John McAfee Indicted for Fraud and Money Laundering. McAfee Allegedly Engaged in Crypto Pump and Dump Scams

John David McAfee, a well-known crypto proponent and founder of the McAfee antivirus firm, has been indicted in Federal court for fraud and money laundering. According to the United States Attorney’s Office for the Southern District of New York, McAfee and Jimmy Gale Watson, Jr,… Read More

US Department of Justice Outlines Thefts Performed by North Korean Hackers, Involved Over $1.3 Billion of Money and Cryptocurrency

The US Department of Justice has announced an indictment of three North Korean hackers said to be involved with the Korean military regarding   to cyberattacks and financial including theft of money and cryptocurrency.  The indictment is an expansion of a 2018 case outlining similar nefarious… Read More

Hackers Broke Into US Department of Treasury, Emails Monitored for Months – Report

Russian hackers have apparently breached defenses at the US Department of Treasury monitoring emails for months, according to a report. Treasury was not alone, according to Reuters, the US Department of Commerce reportedly issued a statement on the breach to their systems: “We have asked… Read More

Department of Justice Publishes Cryptocurrency Enforcement Framework: “We see criminals using cryptocurrency to try to prevent us from following the money”

Attorney General William P. Barr announced today the publication of the “Cryptocurrency: An Enforcement Framework.” The publication was created by Barr’s Cyber-Digital Task Force. The document outlines the Department of Justice’s approach to crypto and its challenges. The Framework states: “… despite its relatively brief… Read More

Yieldstreet Responds to Report Pertaining to Alleged SEC/FBI Investigations, States They Have Done Nothing Wrong

Alternative investment platform YieldStreet has responded to queries regarding a recent report alleging that the Securities and Exchange Commission (SEC), as well as the Federal Bureau of Investigation (FBI), were investigating specific securities issued via the platform. Last week, it was reported that both the… Read More

SEC Files Civil Enforcement Action Against Brendan Ross, Former Direct Lending Investments CEO, Criminal Charges Filed by DOJ

Brendan Ross, the former CEO and founder of Direct Lending Investments (DLI), is the target of a Civil Enforcement Action filed by the Securities and Exchange Commission (SEC) last week. Direct Lending Investments was once a prominent participant in the online lending industry in the… Read More

FBI and SEC Said to be Investigating YieldStreet: Report

YieldStreet, an accredited crowdfunding platform offering access to alternative securities offerings including real estate-based securities. Typically, YieldStreet looks to list short term investment opportunities, that are uncorrelated with traditional markets, that generate income for individual investors. YieldStreet may list securities tied to art, legal or… Read More

Digital Banking Adoption Could lead to More Cyber Attacks and Security Issues, FBI Warns

The US Federal Bureau of Investigations (FBI) has warned that there could be an increase in financial crime due to the rise of digital banking. The warning is a reminder from the FBI that mobile banking providers and financial institutions must protect their clients from… Read More

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