PYMNTS

JUNE 19, 2017

With many cybercriminals choosing bitcoin as their currency of choice, the U.S. Even the FBI has said that paying ransom is sometimes the smarter thing to do. Until then, differentiating the “good guys” from the “bad guys,” at least in a formal legal sense, will continue to be as complex as the blockchain on which bitcoin is built.

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Bitcoin Regulations Money Laundering FBI 75

PYMNTS

AUGUST 7, 2020

The crypto company operates 17 of the 67 bitcoin ATMs in Germany, according to CoinDesk. The police worked with the FBI to trace and identify the Bitcoin involved. He has agreed to hand over the Bitcoin and is reportedly helping authorities find the second operator, who remains elusive. Movie2k.to Movie2k.to

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Bitcoin ATM Money Laundering FBI 63

PYMNTS

APRIL 15, 2020

The FBI said people of all ages are potential victims for scammers and fraudsters, who are now using cryptocurrency channels as a replacement for the traditional money scams of old. That could include blackmail schemes in which scammers say they’ll infect friends and family members if a certain payment is not made.

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FBI Scams Cryptocurrency Bitcoin 56

PYMNTS

SEPTEMBER 30, 2018

Immigration and Customs Enforcement (ICE), while the Federal Bureau of Investigation (FBI) is the third-highest. In fact, the IRS, ICE and FBI made up 85 percent of the total spending combined. The data, according to Cryptovest , showed that the U.S. The second-highest spender is the U.S.

Blockchain 77

Blockchain FBI Bitcoin IRS 77

PYMNTS

FEBRUARY 24, 2019

The FBI is looking to speak with anyone who invested in the proprietary token offered by BitConnect. This led to BitConnect completely shutting down its exchange for BCC, eliminating the market for the cryptocurrency and stranding investors with near-worthless cryptocurrency,” according to a statement on the FBI’s website.

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FBI Blockchain Bitcoin Cryptocurrency 46

PYMNTS

MAY 12, 2020

Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. And in recent months, the ride has been wild for bitcoin pricing amid the pandemic. On the other hand, bitcoin is also well off of its all-time highs of just under $20,000. bitcoin exchange.). based crypto exchanges.

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Bitcoin FBI Cryptocurrency Scams 60

PYMNTS

MAY 20, 2020

And now the fraudsters, increasingly, seem to be eyeing bitcoin, the marquee name in cryptocurrency, as coin of the realm across the dark web. It should be noted that the value of the activity rose, due in part for the price per bitcoin advancing through the period (thus the total number of transactions decreased).

Bitcoin 55

Bitcoin Scams FBI Cryptocurrency 55

PYMNTS

FEBRUARY 9, 2020

In its most recent warning, the FBI said cyberattacks were becoming “more targeted, sophisticated, and costly.”. What we find most concerning is that it causes not just direct costs, but also indirect costs of lost operations,” said Herbert Stapleton, FBI cyber section chief. “We and Europe.

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Ransomware FBI Law Enforcement Compromise 75

PYMNTS

MARCH 22, 2016

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. Ironically, this most recent case comes less than a year after a New Jersey police officer from the same city was nabbed for selling bitcoin mining equipment. The result? million in losses for victims.

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Ransomware Bitcoin Law Enforcement FBI 0

PYMNTS

AUGUST 19, 2016

As the instances and threat of ransomware continues to wreak havoc on both businesses, governments and individuals around the world, it seems as though bitcoin has found itself closely intertwined with the malicious software. As The Wall Street Journal pointed out on Friday (Aug. Data from the U.S. Researchers at U.K.

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Ransomware Bitcoin FBI Encryption 43

Fintech News

APRIL 1, 2024

The price of bitcoin increased by a staggering 55.56% in Q4 2023, soaring from US$27,000 in October 01, 2023 to US$42,000 in December 31, 2023, data from Coinmarketcap show. billion in 2022, a new report by the Federal Bureau of Investigation (FBI) shows. In 2023, losses from crypto investment scams in the US totaled US$3.94

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Ransomware Payments Bitcoin Scams 117

PYMNTS

MARCH 30, 2018

Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. The price of bitcoin was $6,826.68 The Federal Bureau of Investigation (FBI)’s Internet Crime Complaint Center (IC3) said that it had received nearly 11,000 complaints on tech support scams.

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Bitcoin Blocks Cryptocurrency Cross-Border Payments 49

PYMNTS

JULY 14, 2019

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. It is meant to link agriculture organizations with workers and suppliers while also offering contract bidding transparency. On another note, The U.S.

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Blockchain Bitcoin IRS Digital Currency 56

PYMNTS

MARCH 23, 2016

Another case of bitcoin ransomware has left one Kentucky hospital in an “internal state of emergency,” according to a report from Krebs On Security. Just yesterday (March 21) PYMNTS reported about a town that was being held hostage via a bitcoin ransomware attack. And last month?

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Ransomware Bitcoin Encryption Law Enforcement 42

The Nilson Report

JANUARY 28, 2025

The post North Korean Hackers Make Off with $308M from DMM Bitcoin appeared first on Nilson Report.

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Bitcoin Posting FBI Crime 52

PYMNTS

SEPTEMBER 11, 2019

This is not the first time the FBI has sounded a warning about business email compromise. The numbers come from the FBI’s annual Internet Crime Report , which detailed that the use of social engineering, emails and other methods to get victims to wire money to fraudsters was a lucrative business. Fraud Trends. billion in 2018.

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Scams Email Compromise Compromise Wire 65

PYMNTS

MAY 2, 2019

Thanks to the investigative work of the FBI and the IRS-CI, they will be prosecuted for their actions,” said U.S. Their organization allegedly skirted the anti-money laundering safeguards required of licensed institutions that ensure the U.S. financial system is not used for criminal purposes, and did so through lies and deceit.

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Blockchain Bitcoin Money Laundering IRS 62

PYMNTS

SEPTEMBER 17, 2018

Bitcoin Role. Bitcoin played a role in the alleged North Korea-directed cyberattacks. Park faces one count of conspiracy to commit computer fraud and abuse — which carries a maximum sentence of five years in prison — and one count of conspiracy to commit wire fraud, which has a maximum sentence of 20 years in prison.

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SWIFT Bitcoin Payments Database 63

PYMNTS

JUNE 26, 2017

Currently the malware has caught the FBI’s attention. victims, including 2016 attacks on healthcare facilities that were running outdated versions of the JBoss content management application,” the FBI says. The actors charge varying amounts in bitcoin to provide the decryption keys to the victim.”. MSIL or Samas.A

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Ransomware FBI Bitcoin On-Demand 43

PYMNTS

APRIL 26, 2019

After relying on the supposed anonymity of bitcoin, members of a ring that imported drugs into the United Kingdom with the help of the dark web were sentenced to over 30 years in jail. It is thought the gang sold over 1 kilo of drugs over four months in 2017, TheNextWeb reported. With the funds, $4.5 million in cash.

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FBI Crime Bitcoin Digital Currency 46

PYMNTS

MAY 20, 2016

ZDNet reported on Thursday (May 19) that the cybercriminals behind TeslaCrypt also shut down the payments system used to collect ransoms from its victims, usually in the form of bitcoin, as well. Last month, the FBI stated that the use of ransomware has reached an all-time high. All in, victims lost about $24.1

Ransomware 40

Ransomware FBI Shutdown Bitcoin 40

PYMNTS

JANUARY 31, 2017

The hotel’s managing director, Christoph Brandstaetter, was asked to deliver two bitcoin (roughly $1,800) to an enclosed bitcoin wallet account or risk the possibility of losing entry into rooms and potential business from upset guests. To quickly assuage hotel guests’ concerns, Brandstaetter decided to pay the money.

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Ransomware FBI Bitcoin Compromise 45

PYMNTS

MARCH 15, 2016

are finding themselves hit by so-called ransomware — malicious software that holds a user’s computer hostage unless the perpetuator is paid off, generally in bitcoin. According to forthcoming data from the FBI , 2,453 reported ransomware incidents occurred in 2015. All in, victims paid out about $24.1 million total. million.

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Ransomware FBI Cybersecurity Bitcoin 40

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. News came at the end of the week that the FBI and the New York State Department of Labor are investigating allegations that MyPayrollHR , which abruptly shut down earlier in the month, diverted millions of dollars into its coffers that should have gone to employees.

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FBI Payments PayPal Ubiquitous 43

PYMNTS

AUGUST 12, 2016

2013, the illegal online marketplace for drugs was shut down by the FBI, but since then, the illicit drug trade has found an alternative route and has tripled in capacity. government is about to auction off 2,700 bitcoin on Aug. DEA agent who, in a fit of nostalgia, nabbed 65 bitcoin on his way home from shutting down Silk Road.

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Bitcoin FBI Push-to-Card Debit Card 40

PYMNTS

AUGUST 18, 2016

In order to avoid money collected from being traced, Cerber uses bitcoin currency and creates unique bitcoin wallets in order to receive funds from its victims. According to the FBI, cybercriminals have collected $209 million by extorting businesses and institutions to unlock computer servers in just the first three months of 2016.

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Ransomware Crime FBI Bitcoin 40

PYMNTS

OCTOBER 31, 2019

After three weeks of negotiating, the ride share giant paid the men $100,000 in bitcoin through a third party. We’re dealing with the most sophisticated cyber actors in the world,” FBI Special Agent in Charge John F. Glover and Mereacre were able to access the confidential corporate databases on AWS using stolen credentials.

Data Breach 40

Data Breach Breach FBI On-Demand 40

PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The FBI and other law enforcement agencies usually don’t recommend paying these types of ransoms, since it might encourage attackers to keep committing these cybercrimes.

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Ransomware Law Enforcement Encryption FBI 40

PYMNTS

JUNE 27, 2019

The ransomware payment was approved during an emergency meeting on Monday (June 24), allowing the city to make a bitcoin payment worth about $462,000. While the FBI recommends not paying hackers because it encourages more attacks, some victims believe they have no choice but to give into the demands. In March, for example.

Ransomware 40

Ransomware FBI On-Demand Compromise 40

PYMNTS

JUNE 20, 2016

and elsewhere, the FBI found, leading to requests for $3.1 firms think bitcoin is a flop , found Smith & William’s Enterprise Index survey. businesses said they’re stockpiling bitcoin in case of a cyberattack , reported Citrix. Often, these ransoms must be paid out in bitcoin. billion in losses hit U.K.

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Email Compromise Bitcoin APACS Wire Transfer 41

PYMNTS

JULY 3, 2017

Plus, the hearing for former FBI Director James Comey was scheduled for that morning. Discussion topics on the Hill this year ranged from APIs and same-day ACH to bitcoin and banking marijuana sales. The WannaCry ransomware attack demanded that victims pay ransom in bitcoin.

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NACHA Faster Payments Same Day ACH ACH 45

PYMNTS

MAY 15, 2017

That means bitcoin. What Does Any of This Have To Do With Bitcoin? Bitcoin is a fascinating technology on the merits. Bitcoin uses math — and math equations that anyone can solve and see — to provide this cash-like feature. And why we might need to channel our inner Frances Kelsey to help get us there.

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Bitcoin Ransomware Multi-Currency Regulations 62

PYMNTS

MARCH 5, 2019

The news early in the week may have centered on the volatility of bitcoin and brethren, where mid-single digit losses were, at this writing, reversed a bit by mid-single digit gains. Separately, on Tuesday, Fortune reported that the Federal Bureau of Investigation (FBI) is investigating Quadriga.

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FBI Blockchain Bitcoin Finance 55

PYMNTS

JULY 17, 2020

The FBI is investigating the worst security breach in Twitter’s 14-year history, as hackers commandeered more than 100 high-profile accounts, The Wall Street Journal reported. On Thursday (July 16), PYMNTS reported the U.S.

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FBI Fincen Scams Bitcoin 70

PYMNTS

JUNE 5, 2019

The roster of investigators includes the Federal Bureau of Investigation (FBI), the Department of Justice’s Computer Crime and Intellectual Property Section and the U.S. In at least one bit of movement on the case, in March, EY identified six bitcoin cold wallet addresses it claimed Quadriga used – and which held $400,000 worth of bitcoin.

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FBI Fed IRS Bitcoin 51

PYMNTS

JULY 31, 2020

The San Francisco-based social networking service and the FBI are investigating the worst cyberattack in Twitter’s 14-year history, as hackers commandeered more than 100 high-profile accounts. The cybercriminals asked followers to send bitcoin to a single wallet. The scammers made off with about $100,000.

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Breach Security FBI Credential 84

PYMNTS

JULY 19, 2020

On Musk’s account, a tweet appeared asking for bitcoin, promising to double all payments sent to an address. The FBI has launched an investigation. The hackers used internal tools to target 130 Twitter accounts. Of that number, the attackers reset passwords, logged into the accounts and sent tweets from 45 of them.

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Accounts Fincen FBI Breach 79