UK regulator the Financial Conduct Authority (FCA) has recruited almost 500 additional staff members this year as part of its new three-year strategy. Among the new hires are six directors, whose appointments were announced July 5. Two of them come from backgrounds in
The Crypto Incident Response hotline will function 24/7, and victims will be paired with a team of investigators from Chainalysis who will trace and label the funds in Chainalysis’ program. If funds have already been transferred or stolen, the Chainalysis team will “help
The United States Department of Justice (DOJ) released a report on international law enforcement related to digital assets Tuesday. It is the first of the approximately one dozen reports mandated in President Joe Biden’s March 9 executive order “Ensuring Responsible Development of Digital
In developing nations, more people are using crypto assets to keep their wealth safe from governmental restrictions and unlawful appropriation. Web 3 components, such as non-fungible tokens (NFTs), offer the prospect of supporting marginalized groups, including the victims of online sexual exploitation, by
In a presentation Wednesday at Chainalysis LINKS conference in New York, Chief Scientist Jacob Illum showed the audience how the transaction hash of a single Bored Ape NFT theft can lead through a web of wrapped assets, stablecoins, chain hops and exchanges to
Estimates of the scale of online crime range from under 1% to nearly half of all crypto activity – so CoinDesk looks under the hood. Source link
When times are tough — as in the pandemic — enterprising human nature goes into overdrive. People seek out alternative ways to make money. That could be one of the reasons why cryptocurrencies skyrocketed in popularity in the last few years, driven in
Russia's Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country's Finance Ministry. Law enforcement agencies push for requiring crypto firms to share transaction data with investigators and for
The seizure by the U.S. Department of Justice of $3.6 billion worth of Bitcoin (BTC) lost during the 2016 hack of Bitfinex’s cryptocurrency exchange has all the ingredients of a Hollywood film — eye-popping sums, colorful protagonists and crypto cloak-and-dagger — so much
“It's not a very good idea to get into crime in NFTs because it's expensive,” said Kim Grauer, Chainalysis’ head of research. “It's hard to guarantee you'll be profitable if you wash trade, and if you want to use [NFTs] to launder money,
