Crypto Money Laundering Plummets By 29% In Latest Chainalysis Findings

According to a recent report published by crypto analytics firm Chainalysis, money laundering involving crypto assets has experienced a notable decline compared to the previous year. However, the report highlights that illicit actors have started adapting their tactics to evade detection and further obscure the movement of illicit funds.  Evolving Tactics In Crypto Money Laundering [...]

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Winner of Canadian Lottery Jackpot Says Impostors Using His Name to Steal Bitcoins

The winner of the Canadian lottery, Scott Gurney, has confirmed that scammers impersonating him on Facebook have conned unsuspecting victims of their bitcoins. To counter the scammers, Gurney said he has stopped accepting or sending friend requests on the social networking platform. ‘Too Good to Be True’ The Canadian Lotto Max jackpot winner, Scott Gurney

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To catch a scammer: Kraken builds fake crypto account to ‘bait’ fraudsters

United States crypto exchange Kraken has provided a novel method for flagging nefarious wallets — building a fake crypto account on the exchange to “scam bait” bad actors. Tweeting on May 10, popular streamer Kitboga — whose content revolves around annoying scammers— revealed that Kraken had built him a “custom environment” which he used to [...]

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Kraken Creates Decoy Crypto Accounts to Lure in Scammers

A person who was running a scam from a call center pretended to be President Joe Biden and tried to steal an amount of Bitcoin that they believed was worth $450,000 from a streamer. However, the situation did not go as planned and instead led to disorder and confusion. Kraken, a cryptocurrency exchange in the […]

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