financial crime

Germany’s Federal Criminal Police (BKA) shut down the eXch crypto exchange on April 30, 2025, amid allegations of money laundering and illegal trading. This exchange enabled users to exchange cryptocurrencies anonymously on both the clearnet and the darknet. Today, it finds itself under fire for allegedly laundering nearly $1.9 billion...

Alexander Gurevich. Or should we call him Alexander Block? The name change, the unexpected ticket to Russia, the airport arrest – it all adds up to an intimidating picture, right? A portrait of madness, a portrait of zealotry, a portrait of desperation, of a man cornered. What compelled him to...

Picture this – you wake up, check your DeFi portfolio and…surprise!…almost six million dollars just disappeared. That's the gut-wrenching reality for users of Loopscale's USDC and SOL vaults after the recent hack. But here's the kicker: Loopscale essentially paid the hacker a $580,000 "whitehat" bounty and gave them immunity from...

Southeast Asia has been at the world’s cutting edge of this cybercrime phenomenon, with regional cyberfraud eclipsing other types of transnational crime. Infrastructure built for customs criminal Infrastructure and stablecoins being used by regional criminal syndicates. Picture this. They are making possible global scams that steal millions from potential victims...

Eugene William Austin Jr., 62, of Port Jefferson, New York, was sentenced to 18 years in prison. He led a complex, multi-year scheme that defrauded more than two dozen victims of almost $12 million. Nicky Austin was sentenced today by U.S. District Judge P. Kevin Castel.In September 2024, a federal...

A new cybercrime campaign dubbed “Elusive Comet” is gaining speed. In particular, it’s aimed at professionals working in the growing cryptocurrency space, with Zoom being the cybercriminals’ primary attack vector. The campaign has to date inflicted more than 9 billion dollars in financial damages on its victims. This case sheds...