SEC Calls Out Suspicious Crypto Companies Targeting Global Traders

It is no secret that Bitcoin has become a favorite payment method for hoodlums and malicious individuals. Just a few weeks ago, a lot of companies around the world facing threats of ransomware, which would only decrypt files after the infected entity made a Bitcoin payment. And now DD4BC, a notorious group of extortionists, are targeting Scandinavian companies with complex Direct Denial of Service attacks. If you are a Scandinavian company using a centralized service for any of your business needs, you may be faced with a threat from DD4BC in the very near future. This group of hackers and....

Banks cleared over $2 trillion in "suspicious" transactions. How did crypto fare in comparison? The major banks who were mentioned in the recent FinCen leak were subsequently thrashed by the market today. According to the investigation conducted by the International Consortium of Investigative Journalists, over the 20-year period from 1997 to 2017, the listed financial institutions facilitated over $2 trillion worth of suspicious transactions. When this news broke out yesterday, it was a day of reckoning for many of these institutions.Stocks top-5 banks by the amount of suspicious....

Bitcoin prices jumped during the European trading session on Monday even though traders assessed the potential of its massive declines against a stronger US dollar. The flagship cryptocurrency topped at $31,935, up 5 percent ahead of the New York opening bell. Traders flocked back into the BTC/USD markets after the pair breached $30,000-support on Wednesday. […]

Dogecoin founder Billy Markus noticed a suspicious transaction pattern on Etherscan that prompted the company to halt all transactions for the time being. Major crypto wallet and platform Crypto.com has temporarily halted withdrawals after "a small number of users reporting suspicious activity on their accounts," but all funds are reportedly safu at the moment. We have a small number of users reporting suspicious activity on their accounts. We will be pausing withdrawals shortly, as our team is investigating. All funds are safe.— Crypto.com (@cryptocom) January 17, 2022 A few hours....

According to a recent study by researchers from the University of Tulsa and Tel Aviv University, the massive increase in the bitcoin price in late 2013 was caused by suspicious trading activity on the now-defunct Mt. Gox Bitcoin exchange. The study, which is titled “Price Manipulation in the Bitcoin Ecosystem,” indicates that 600,000 bitcoins were acquired by agents who did not pay for them, and the bitcoin price rose by an average of $20 on days when the suspicious trading activity took place. “Based on rigorous analysis with extensive robustness checks, we conclude that the suspicious....