69,000 Bitcoins Are Headed for the US Treasury—While the Agent Who Seized Them Is in Jail

The $4.4 billion in crypto is set to be the largest pile of criminal proceeds ever sold off by the US. The former IRS agent who seized the record-breaking sum, meanwhile, languishes in a Nigerian jail cell...

EncroChat Bust Leads to 6,558 Criminals' Arrests and €900 Million Seizure

Europol on Tuesday announced that the takedown of EncroChat in July 2020 led to 6,558 arrests worldwide and the seizure of €900 million in illicit criminal proceeds. The law enforcement agency said that a subsequent joint investigation initiated by French and Dutch authorities intercepted and...

Bitzlato Crypto Exchange Founder Arrested for Aiding Cybercriminals

The U.S. Department of Justice DoJ on Wednesday announced the arrest of Anatoly Legkodymov aka Gandalf and Tolik, the cofounder of Hong Kong-registered cryptocurrency exchange Bitzlato, for allegedly processing $700 million in illicit funds. The 40-year-old Russian national, who was arrested in...

Ukrainian Authorities Arrested Phishing Gang That Stole 100 Million UAH

The Cyber Police of Ukraine last week disclosed that it apprehended nine members of a criminal gang that embezzled 100 million hryvnias via hundreds of phishing sites that claimed to offer financial assistance to Ukrainian citizens as part of a campaign aimed at capitalizing on the ongoing...

Russian Hacker Gets 12-Years Prison for Massive JP Morgan Chase Hack

A U.S. court on Thursday sentenced a 37-year-old Russian to 12 years in prison for perpetrating an international hacking campaign that resulted in the heist of a trove of personal information from several financial institutions, brokerage firms, financial news publishers, and other American...

Feds Seize $1B in Bitcoin from Silk Road

The feds have seized its largest stash ever of Bitcoin, originating from the notorious Silk Road underground marketplace. The federal coffers are now $1 billion richer. Silk Road was known for the place to go to broker illegal drugs, murder-for-hire, child pornography and malware – such as passwo...