Crypto Victims Relieved – Or Too Late? What Operation Atlantic Really Means
Crypto companies and public authorities are joining forces in “Operation Atlantic”, a coordinated push to shut down crypto fraud schemes and approval‑phishing attacks. A Transnational Operation Against Crypto Phishing Scams Operation Atlantic is a rare case of law enforcement moving in near real time to block scammers before funds fully disappear on‑chain. The operation is […]
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Victims of the “wrong number” scam across the United States, including Ohio, are getting some form of justice thanks to the latest initiatives of the US authorities. According to the Federal Bureau of Investigation (FBI), 33 crypto fraud victims nationwide, including a city of Mentor resident, have been identified. Court documents reveal that the victims lost […]
Details of a sweeping international ransomware operation which had seen cybercriminals rake in millions in bitcoin from hundreds of thousands of victims around the world include a state prosecutor’s office in Pennsylvania, a report has revealed. The Avalanche group are the instigators and profiteers of ill-gotten gains from a comprehensive ransomware operation that had been active from 2010. Conservative estimates peg that the group may have compromised at least 500,000 computers around the world. A joint operation between U.S. and European Union authorities, alongside cooperation from 40....
Fake crypto apps appear to be part of an ongoing game of whack-a-mole with app store operators. The Federal Bureau of Investigation (FBI) has issued a public warning about fraudulent cryptocurrency apps, which have swindled U.S. investors out of an estimated $42.7 million so far. According to an advisory published on July 18 by the securities and intelligence agency, cybercriminals have created apps using the same logos and identifying information as legitimate crypto companies to defraud investors. The FBI noted that 244 people had already fallen victim to these fake apps. One case saw....
Two ransomware strains, CoinVault and Bitcryptor have been put to bed due to the joint efforts of law enforcement in Netherland and an independent cybersecurity firm. The authors of the malware sought ransom payments from victims in Bitcoin. Ransomware thieves who took Bitcoin payments in return for victims to access their files freely after their rogue file-locking methods have been put out of work. Two authors who allegedly developed the ransomware were arrested in Netherlands and Kaspersky, a cybersecurity firm has confirmed that it has amassed 14,000 decryption keys that are required....
The legal representative of victims of the Onecoin bitcoin scam operation, Jonathan Levy, has accused the Bulgarian prosecutor of deliberately failing to take action against Onecoin. The lawyer said due to the prosecutor’s inaction, more victims are losing millions of dollars to the fraudsters.
Prosecutor Refusing to Take Action Against Ruja Ignatova’s Mother
A lawyer representing victims of the Onecoin bitcoin Ponzi scheme, Jonathan Levy, has suggested that the criminal scheme’s masterminds may be getting protection from the Bulgarian chief prosecutor, Ivan....