Trung Nguyen, operator of a ‘no questions asked’ cash-to-Bitcoin service, receives a 6-year prison sentence and must forfeit $1.5 million for money laundering and running an unlicensed money-transmitting business.
Tag: Crimes
Coinbase Faces Lawsuits After Data Breach: User Data Compromised, Security Questioned
Coinbase is embroiled in a series of lawsuits following a data breach where customer support agents were bribed, compromising user data. The lawsuits allege inadequate security measures and a delayed response from the exchange.
Coinbase Hit by $20M Extortion Attempt: Insider Phishing Attack and $400M Reimbursement Plan
Coinbase faces a potential $400 million bill after a phishing attack orchestrated by bribed overseas support agents compromised user data. The exchange refused to pay a $20 million ransom and instead offered a reward for the attackers’ capture. Learn about the details of the breach, Coinbase’s response, and the growing threat of social engineering scams in the crypto space.
Europol Dismantles $23M ‘Mafia Crypto Bank’ Laundering Funds for Criminals
Europol, in collaboration with Spanish and Belgian authorities, has dismantled a ‘mafia crypto bank’ allegedly laundering over $23 million for criminal networks involved in migrant smuggling and drug trafficking. Learn about the arrests, seized assets, and the money laundering methods used.
Teenagers Kidnap Las Vegas Man, Steal $4 Million in Cryptocurrency and NFTs: A Detailed Investigation
Three teenagers allegedly kidnapped a man returning from a Las Vegas crypto event, driving him to the desert and stealing $4 million in cryptocurrency and NFTs. This incident highlights the growing trend of offline crypto-related crimes and the evolving tactics used by criminals.