cryptocurrency News

Report Says Criminals Netted $1.3 Billion in Ransomware Payments Over 2 Years

Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber-crime that has prompted a global effort to stop it, according to a new report from Chainalysis Inc. The cryptocurrency-tracking …

UN Experts: North Korea Stealing Millions in Cyber Attacks

UNITED NATIONS (AP) — North Korea is continuing to steal hundreds of millions of dollars from financial institutions and cryptocurrency firms and exchanges, illicit money that is an important source of funding for its nuclear and missile programs, U.N. experts …

Crypto Crime Hit Record $14 Billion in 2021, Research Shows

LONDON — Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses …

Ransomware Persists Even as High-Profile Attacks Have Slowed

WASHINGTON (AP)–In the months since President Joe Biden warned Russia’s Vladimir Putin that he needed to crack down on ransomware gangs in his country, there hasn’t been a massive attack like the one last May that resulted in gasoline shortages. …

Justice Department Stepping Up Efforts to Combat Cybercrime

WASHINGTON (AP) — The Justice Department is stepping up actions to combat ransomware and cybercrime through arrests and other actions, its No. 2 official told The Associated Press, as the Biden administration escalates its response to what it regards as …

White House Blacklists Russian Ransomware Payment ‘Enabler’

WASHINGTON (AP) — The Biden administration sought Tuesday to choke the finances of criminal ransomware gangs, announcing sanctions against a Russia-based virtual currency brokerage that officials say helped at least eight ransomware gangs launder virtual currency. The Treasury Department sanctions …

Crypto Channels Targeted in Biden’s Fight Against Ransomware

The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect themselves from them. Deputy Treasury Secretary Wally Adeyemo told reporters that …

Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom

Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two …

Latin American Crime Cartels Turn To Crypto To Clean Up Their Cash

MEXICO CITY — In April 2019, Mexican police arrested suspected human trafficker Ignacio Santoyo in a plush area of the Caribbean resort of Playa del Carmen after linking him to a prostitution racket extending across Latin America. Yet it was …

Lawyers Eye Neo-Nazi Website Founder’s Assets for $14M Award

Attorneys for a Montana real estate agent are eyeing the assets of a neo-Nazi website operator to collect a $14 million court judgment against the man for an anti-Semitic online “troll storm” that he orchestrated against the Jewish woman and …