#crypto-crime

Illicit cryptocurrency flows rebounded sharply in 2025 as state-aligned actors, sanctions evasion, and major hacks pushed on-chain crime to record levels.

Source: TRM Labs

OneCoin Founder’s Brother Arrested in Los Angeles Now Risks 90 Years in Prison

Konstantin Ignatov, brother of the missing Cryptoqueen founder of OneCoin, pleads guilty to actions related to the known scam and now faces 90 years in prison. According to a BBC report on November 14, Ignatov will not risk further charges and could apply to the US witness protection. Cryptoqueen’s Brother Cooperates Konstantin Ignatov has admittedRead More

CFTC Crush Fraudulent Crypto-Powered Binary Options Scheme

The United States Commodity Futures Trading Commission (CFTC) has taken action against Circle Society, Corp and its founder, David Gilbert Saffron for defrauding people through a Ponzi scheme disguised as a bitcoin-powered $11 million binary options trading project. The team allegedly misappropriated clients’ funds and lied to investors, according to a press release on OctoberRead More

Spanish City Battles Ransomware Attack as Hackers Demand for Bitcoin

The online processes of Jerez de la Frontera, a city of more than 200k inhabitants located in southern Spain, have been crippled by a severe ransomware attack. The hackers are demanding an undisclosed amount in bitcoin and Spanish authorities are yet to pay the ransom and have instead deployed three cybersecurity experts to the area,Read More

Binance Collaborates With UK Cyber Crime Police to Ensure Customers’ Funds are SAFU

Binance Compliance unit has been cooperating with UK Police in an investigation regarding the creation and sale of phishing scripts. A Bulgarian citizen has been extradited to the UK as part of an investigation that found him guilty for illegally pinching personal data of around 500,00 users across 53 different platforms according to Binance officialRead More

Antivirus Provider Announces Fix for WannaCryFake Ransomware

Emisoft has released a free fix for the WannaCryFake variant of the WannaCry ransomware that has been targeting businesses since 2017. The software aims to help users get access to their encrypted data without paying the ransom demanded by hackers. Files are locked using the AES-256 encryption mechanism, and Emisoft’s decryption software allows users toRead More

Turkey: 24 Arrested in Connection with $2.47 Million Crypto Exchange Hack

Turkish Police have successfully arrested 24 people in connection with the hack of an unnamed crypto exchange after simultaneous sting operations across eight provinces, as reported on February 11, 2019. Caught in the Act Hacks are nothing new in the world of blockchain and cryptocurrency. 2019...