Child Abusers Are Getting Better at Using Crypto to Cover Their Tracks
Crypto tracing firm Chainalysis found that sellers of child sexual abuse materials are successfully using “mixers” and “privacy coins” like Monero to […]
Tag: Business / Blockchain and Cryptocurrency
Lawmakers Are Out for Blood After a Hack of the SEC’s X Account Causes Bitcoin Chaos
The US Securities and Exchange Commission is under pressure to explain itself after its X account was compromised, leading to wild swings […]
The Binance Crackdown Will Be an ‘Unprecedented’ Bonanza for Crypto Surveillance
Binance’s settlement requires it to offer years of transaction data to US regulators and cops, exposing the company—and its customers—to a “24/7, […]
DOJ Charges Binance With Vast Money Laundering Scheme and Sanctions Violations
US prosecutors claim Binance processed around $275 million in both deposits and withdrawals to BestMixer, a cryptocurrency “mixing” service designed to make […]
They Cracked the Code to a Locked USB Drive Worth $235 Million in Bitcoin. Then It Got Weird
Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it—if […]
Citing Hamas, the US Wants to Treat Crypto “Mixers” as Suspected Money Launderers
Hamas and militant groups’ use of cryptocurrency, while significant, pales in comparison to the amount of cryptocurrency used by other illicit actors. […]
New Clues Suggest Stolen FTX Funds Went to Russia-Linked Money Launderers
As the criminal trial of FTX founder Sam Bankman-Fried unfolds in a Manhattan courtroom, some observers in the cryptocurrency world have been […]
Inside FTX’s All-Night Race to Stop a $1 Billion Crypto Heist
By the evening of November 11 of last year, FTX’s staff had already endured one of the worst days in the company’s […]
North Korea Is Now Mining Crypto to Launder Its Stolen Loot
In the cryptocurrency ecosystem, coins have a story, tracked in the unchangeable blockchains underpinning their economy. The only exception, in some sense, […]
Crypto Was Afraid to Show Its Face at SXSW 2023
For every one of these companies, however, I saw just as many (if not more) that employed crypto while trying very hard […]