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Crypto crime hit record $14 billion in 2021, research shows

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By Tom Wilson

LONDON, Jan 6 (Reuters) - Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector.

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Crypto received by digital wallet addresses linked to illicit activity including scams, darknet market darknet markets and ransomware jumped 80% from a year earlier, Chainalysis said in a report.

The activity represented just 0.15% of total crypto transaction volumes, its lowest ever.

Overall volumes soared to $15.8 trillion in 2021, up over five-fold from a year earlier, U.S.-based Chainalysis said. Digital assets, from bitcoin to non-fungible tokens, darkmarket url exploded in popularity in 2021 amid an embrace from institutional investors and major companies.

Newcomers have been drawn to the promise of quick gains touted by crypto backers, as well as hopes that bitcoin offers a hedge against soaring inflation. Yet cryptocurrencies are still subject to patchy regulation, leaving investors with little recourse against crime.

Financial watchdogs and dark market list policymakers from Washington to Frankfurt have fretted over the use of crypto for money laundering, with some urging lawmakers to grant them greater powers over the industry.

"Criminal abuse of cryptocurrency creates huge impediments for continued adoption, heightens the likelihood of restrictions being imposed by governments, and worst of all victimizes innocent people around the world," Chainalysis said.

Driving the increase in crime was an explosion of scams and theft at decentralized finance - DeFi - platforms, it said.

DeFi sites - which offer lending, insurance and other financial services while bypassing traditional gatekeepers such as banks - have been plagued by problems that include flaws in underlying code and opaque governance.

Overall cryptocurrency theft grew over five-fold from 2020, with around $3.2 billion worth of coins stolen last year.

Around $2.2 billion of those funds, dark web market urls darknet market some 72% of the total, were stolen from DeFi sites.

Scams at DeFi platforms - such as "rug pulls," where developers set up phony investment opportunities before disappearing with investors' cash - hit $7.8 billion, an 82% jump from 2021, Chainalysis said.

(Reporting by Tom Wilson; Editing by Frank Jack Daniel)

Self-proclaimed 'Crocodile of Wall Street' and husband granted bail

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The self-proclaimed 'Crocodile of Wall Street' and her husband have been granted bail set at $3million and $5million respectively after being arrested for allegedly laundering $4.5billion in stolen in the 2016 Bitfinex exchange hack. 

Ilya '' Lichtenstein, 34, and his wife, Heather Rhiannon Morgan, 31, who raps under the name Razzlekhan, were arrested on Tuesday in Manhattan on federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States. 

At an initial court appearance, a magistrate judge ruled Lichtenstein could be released into home detention on a $5 million bond co-signed by his parents; the bond amount for Morgan was set at $3 million but they were to remain in custody until the bail conditions were met.

Prosecutors had argued defendants, who live on Wall Street in lower Manhattan, should be denied bail, calling them flight risks who still potentially have access to vast sums of money.  

Federal law enforcement officials said they recovered roughly $3.6 billon in cryptocurrency - the Justice Department's largest ever financial seizure - linked to the hack of Bitfinex, a virtual currency exchange whose systems were breached nearly six years ago.    

Lichtenstein is a citizen of both  and the United States and the co-founder of an online marketing firm. Morgan, a rapper and former Forbes contributor, describes herself as 'an expert in persuasion, social engineering, and game theory'.

WARNING: EXPLICIT LYRICS 

Bail for Ilya 'Dutch' Lichtenstein, 34, and his wife, Heather Rhiannon Morgan, dark market list 31, was set at $5million and $3million respectively after their arrest on Tuesday for allegedly laundering $4.5billion in Bitcoin stolen in the 2016 Bitfinex exchange hack

Morgan, who raps under the name Razzlekhan, (seen in front of Federal Hall on Wall Street in a music video) declared herself the 'Crocodile of Wall Street' in one of her rap songs

In this courtroom sketch, attorney Sam Enzer, center, sits between Heather Morgan, left, and darknet market magazine her husband, Ilya 'Dutch' Lichtenstein, in federal court on Tuesday

'I'm many things, a rapper, an economist, a journalist, a writer, a CEO, and a dirty, dirty, dirty dirty h*,' she raps in her 2019 single, Versace Bedouin.

'When she's not reverse-engineering black markets to think of better ways to combat fraud and cybercrime, she enjoys rapping and designing streetwear fashion,' her  reads. 

The August 2016 Bitfinex hack itself was one of the largest crypto heists ever recorded - so massive that news of the theft knocked 20 percent off Bitcoin's value at the time. 

Lichtenstein and Morgan are thus far not charged directly with perpetrating the hack, but rather with receiving and laundering the stolen funds. The case was filed in a federal court in Washington, D.C.

It was unclear who will be representing the couple in the criminal case and whether they had an attorney to speak on their behalf.

They were due to appear in federal court in Manhattan at 3 p.m. on Tuesday. 

The couple is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,000 unauthorized transactions.

Morgan, a rapper and former Forbes contributor, describes herself as 'an expert in persuasion, social engineering, darknet market lists and game theory'

The couple is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,000 unauthorized transactions

Justice Department officials said the transactions at the time were valued at $71 million in Bitcoin, but with the rise in the currency's value, it is now valued at over $4.5 billion.

'As the complaint alleges, the FBI and federal prosecutors were able to trace the movement of Bitcoin from this hack,' said Matthew Graves, the U.S. Attorney for the District of Columbia.

He added that the money moved through a major darknet market exchange tied to a host of crimes, as well as cryptocurrency addresses tied to child sexual abuse materials.

Lichtenstein and Morgan are facing charges of conspiring to commit money laundering, as well as to defraud the United States.

Prosecutors said on Tuesday the illegal proceeds were spent on a variety of things, from gold and non-fungible tokens to 'absolutely mundane things such as purchasing a Walmart gift card for $500.'

Bitfinex said in a statement that it was to working with the Department of Justice to 'establish our rights to a return of the stolen bitcoin.'

'We have been cooperating extensively with the DOJ since its investigation began and will continue to do so,' the company said. 

Bitfinex said it intends to provide further updates on its efforts to obtain a return of the stolen bitcoin as and when those updates are available. 

Tuesday's criminal complaint came more than four months after Monaco announced the department was launching a new National Cryptocurrency Enforcement Team, which is comprised of a mix of anti-money laundering and cybersecurity experts.

The August 2016 Bitfinex hack itself was one of the largest crypto heists ever recorded - so massive that news of the theft knocked 20 percent off Bitcoin's value

Lichtenstein and Morgan are facing charges of conspiring to commit money laundering, as well as to defraud the United States

Morgan is seen rapping with the New York Stock Exchange behind her to the right

Cyber criminals who attack companies, municipalities and individuals with ransomware often demand payment in the form of cryptocurrency.

In one high-profile example last year, hackers caused a widespread gas shortage on the U.S. East Coast when by using encryption software called DarkSide to launch a cyber attack on the Colonial Pipeline.

The Justice Department later recovered some $2.3 million in cryptocurrency ransom that Colonial paid to the hackers.

Cases like these demonstrate that the Justice Department 'can follow money across the blockchain, just as we have always followed it within the traditional financial system,' said Kenneth Polite, assistant attorney general of the department's Criminal Division. 

Justice Department officials say that though the proliferation of cryptocurrency and virtual currency exchanges represent innovation, the trend has also been accompanied by money laundering, ransomware and other crimes

'Today´s arrests, and the Department´s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals,' Deputy Attorney General Lisa Monaco said in a statement. 

'In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions. Thanks to the meticulous work of law enforcement, the department once again showed how it can and will follow the money, no matter the form it takes.'  

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Chinese crypto addresses sent $2.2 bln to scams, darknets in...

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By Gertrude Chavez-Dreyfuss

NEW YORK, Aug 3 (Reuters) - Chinese cryptocurrency addresses sent more than $2.2 billion worth of digital tokens to addresses tied to illegal activity such as scams and darknet markets 2024 operations between April 2019 and June 2021, according to a report from blockchain data platform Chainalysis released on Tuesday.

These addresses received $2 billion in cryptocurrency from illicit sources as well, making China a large player in digital-currency related crime, it added.

The report analyzes China's cryptocurrency activity amid government crackdowns.

However, China's transaction volume with illicit addresses has fallen drastically over the two-year period in terms of absolute value and relative to other countries, Chainalysis said.

The big reason is the absence of large-scale Ponzi schemes such as the 2019 scam involving crypto wallet and exchange PlusToken that originated in China, it noted.

Users and customers lost an estimated $3 billion to $4 billion from the PlusToken scam.

The vast majority of China's illegal fund movements in crypto has been related to scams, dark web sites although that has declined as well, the Chainalysis report said.

"This is most likely because of both the awareness raised by PlusToken, as well as the crackdowns in the area," said Gurvais Grigg, global public sector chief technology officer at Chainalysis, tor drug darknet market in an email to Reuters.

The report also cited trafficking out of China in fentanyl, dark web market list a very potent narcotic pain medication prescribed for severe pain or pain after surgery.

Chainalysis described China as the hub of the global fentanyl trade, with many Chinese producers of the drug using cryptocurrency to carry out transactions.

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Money laundering is another notable form of crypto-based crime disproportionately carried out in China, Chainalysis said.

Most cryptocurrency-based money laundering involves mainstream digital currency exchanges, best darknet market markets often through over-the-counter desks whose businesses are built on top of these platforms.

Chainalysis noted that China appears to be taking action against businesses and individuals facilitating this activity.

It cited Zhao Dong, founder of several Chinese OTC businesses, pleading guilty in May to money laundering charges after being arrested last year.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Richard Chang)

Inside busted illegal $220million darknet data centre

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Footage has emerged of the inside of a five-storey abandoned underground NATO bunker built with 31inch thick concrete walls in Germany allegedly converted by criminal gangs into a high tech data centre to host darknet websites

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An Australian man was arrested on Monday accused of running a $220million illegal darkweb marketplace - called the biggest in the world and ' for criminals' - after ha was tracked following the bunker's discovery. 

The joint investigation by Australian Federal Police, Scotland Yard, the , Europol, and German authorities, among others, arrested the man, tor drug darknet market 34, as he allegedly tried flee across the Danish border into . 

The man, known only as Julian K, is the alleged operator of DarkMarket and has been detained by German investigators.

The 5,000sq m former NATO bunker located in south-western Germany (pictured) was built with 31inch thick concrete walls and was converted into a data facility called CyberBunker to host darknet market websites after being bought in 2012 

A night-vision aerial view of the aboveground portion of the bunker containing a gatehouse, office, helipad and entrance building (pictured) which descends another four levels below the surface 

A screenshot of the illegal website allegedly run by the arrested Australian man and temporarily hosted on CyberBunker which displays drugs for sale (pictured) 

German police officers walk through the gate at the perimeter of the former Cold War bunker (pictured) converted into an illegal data centre after it was raided in 2019 

DarkMarket was shut down on Monday and its new servers, located in Ukraine and Moldova after relocating from the bunker, were taken off the internet, prosecutors in the city of Koblenz said.

'Until its closure, DarkMarket was probably the largest marketplace worldwide on the darknet market, with almost 500,000 users and more than 2400 sellers,' prosecutors said. 

More than 320,000 transactions were conducted via the website including the sale of drugs, counterfeit money, stolen or falsified credit cards, anonymous SIM cards and malware.

The transactions were reportedly worth a total of 4,650 bitcoin and 12,800 monero - two cryptocurrencies - for an equivalent sum of more than $221million. 

The servers will be forensically examined by authorities to uncover information about the website's operations and criminal network. 

The solid concrete bunker (pictured) was built to withstand a nuclear blast is located in the south-western German town of Traben-Trarbach 

Two of the entrances to the disused bunker (pictured) which was raided by police in 2019 after being bought by a private foundation based in Denmark in 2012 

The accused man has already fronted a German court and been denied bail - to be transferred to a German prison in the next few days. 

He has reportedly refused to speak to investigators or court officials. 

German prosecutors said the man was trying to flee Denmark into Germany when arrested and was travelling through Europe either on holiday or conducting business for the illegal website. 

They said the investigation around DarkMarket originated after the discovery of the data processing centre run by criminals in the 5,000sqm former unused bunker in south-west Germany. 

The discovery of the illegal data centre in the bunker led to the arrest of multiple people accused of being part of a criminal network and being an accessory to hundreds of thousands of illegal transactions.

Some went on trial in October (pictured) 

The data facility hosted illegal websites, which included DarkMarket temporarily, and was shut down in 2019. 

The building, tor darknet sites drug darknet market constructed by the West-German military, in the mid-1970s descended five-storeys below the surface and was built with 31inch thick concrete walls to withstand a nuclear blast. 

A meteorological division of the military used the facility after the Cold War until 2012 to forecast weather patterns where German soldiers were deployed. 

The building was sold to a foundation based in Denmark in 2012 after officials could find no other buyers for the vacant facility. 

A number of people were arrested after the discovery of the data centre - accused of being part of a criminal network and being accessories to hundreds of thousands of illegal transactions involving prohibited material such as drugs and hacking tools. 

Some already went on trial in October. 

The darkweb was originally developed for the United States military but has been overrun by criminals because they can conceal their identity on the platform. 

Server rows constructed in the bunker which is made of solid concrete and climate controlled (pictured).

The data centre was dismantled after the raid and multiple people linked to the centre were put on trial 

The 3-Second Trick For Voted-best-online-casinos.com

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Irish health system struggling to recover from cyberattack

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LONDON (AP) - Ireland´s health system was still struggling to restore its computers and treat patients on Tuesday, four days after it shut down its entire IT system in response to a cyberattack.

Thousands of diagnostic appointments, cancer treatment clinics and surgeries have been canceled or delayed since a ransomware attack on Friday.

Authorities said hundreds of people have been deployed to tackle the attack, but it could be weeks before the health service can return to normal.

Irish Prime Minister Micheal Martin said Tuesday that the attack was a "heinous" one that targeted patients and "the Irish public." Health Service Executive chief clinical officer Colm Henry said the attack had had "a profound impact on our ability to deliver care," and that the disruptions would undoubtedly "mount in the coming days and weeks."

More than 2,000 patient-facing IT systems are affected, with around 80,000 devices linked to such systems throughout the health service, Henry told Irish broadcaster RTE.

Authorities are prioritizing systems involving direct patient care diagnostics, such as radiology, radiotherapy and maternity and newborn services.

"That´s what our experts are focusing on this week, with external help, to ensure those services are not reliant on manual exchange of information," he said.

Ransomware attacks are typically carried out by criminal hackers who scramble data, paralyzing victims´ networks, and demand a large payment to decrypt it.

Irish officials say a ransom has been demanded but they will not pay it.

Conti, a Russian-speaking ransomware group, was demanding $20 million, according to the ransom negotiation page on its darknet site viewed by The Associated Press. The gang threatened Monday to "start publishing and selling your private information very soon" if the money was not paid.

"The government will not be paying any money," Justice Minister Heather Humphreys told RTE.

"We will not be blackmailed."

The Irish Association for Emergency Medicine urged people not to turn up at hospitals' emergency departments unless they have a genuinely urgent need to do so. It said that electronic ordering of blood tests, X-rays and scans is not available, darknet market list and clinicians have no access to previous X-rays or scan results.

Many hospitals' telephone systems are also not functioning because they are carried on computer networks, Darkmarket Link it added.

Patients have described their frustration about the attack, describing it as another torment thrown into the already difficult struggle to face illness during the COVID-19 pandemic.

Eimear Cregg, 38, a primary school teacher who is fighting breast cancer, had radiation therapy briefly postponed while doctors sought to restore her records so they could treat her properly.

"This is a very cruel thing to do to vulnerable people,´´ she told The Associated Press. "We´re fighting every day as it is and this was just another curve ball that wasn´t needed.´´

The Health Service Executive said in a statement late Monday that there were "serious concerns about the implications for patient care arising from the very limited access to diagnostics, lab services and historical patient records."

The attack has also shut down the system used to pay health care workers.

The health service said it was working methodically to assess and restore its computer systems.

"Our priority is keeping our patients safe and maintaining essential care and support services," it said.

Ransomware attacks are an increasing problem for private companies and darkmarket 2024 url public bodies around the world.

T he Thai affiliate of Paris-based insurance company AXA and a public health provider in New Zealand were both dealing with ransomware attacks on Tuesday.

In the U.S., the nation´s largest fuel pipeline was hit with a ransomware attack earlier this month.

The disruption of the Colonial Pipeline caused long lines at gas stations due to distribution problems and darknet market websites panic-buying, draining supplies at thousands of gas stations.

Chinese crypto addresses sent $2.2 bln to scams, darknets in...

Posted on

By Gertrude Chavez-Dreyfuss

NEW YORK, darkmarket list Aug 3 (Reuters) - Chinese cryptocurrency addresses sent more than $2.2 billion worth of digital tokens to addresses tied to illegal activity such as scams and darknet market operations between April 2019 and June 2021, according to a report from blockchain data platform Chainalysis released on Tuesday.

These addresses received $2 billion in cryptocurrency from illicit sources as well, dark web darknet market urls making China a large player in digital-currency related crime, it added.

The report analyzes China's cryptocurrency activity amid government crackdowns.

However, China's transaction volume with illicit addresses has fallen drastically over the two-year period in terms of absolute value and relative to other countries, Chainalysis said.

The big reason is the absence of large-scale Ponzi schemes such as the 2019 scam involving crypto wallet and exchange PlusToken that originated in China, it noted.

Users and customers lost an estimated $3 billion to $4 billion from the PlusToken scam.

The vast majority of China's illegal fund movements in crypto has been related to scams, darknet market lists although that has declined as well, the Chainalysis report said.

"This is most likely because of both the awareness raised by PlusToken, as well as the crackdowns in the area," said Gurvais Grigg, global public sector chief technology officer at Chainalysis, in an email to Reuters.

The report also cited trafficking out of China in fentanyl, a very potent narcotic pain medication prescribed for severe pain or pain after surgery.

Chainalysis described China as the hub of the global fentanyl trade, darkmarket 2024 with many Chinese producers of the drug using cryptocurrency to carry out transactions.

Money laundering is another notable form of crypto-based crime disproportionately carried out in China, dark web markets Chainalysis said.

Most cryptocurrency-based money laundering involves mainstream digital currency exchanges, often through over-the-counter desks whose businesses are built on top of these platforms.

Chainalysis noted that China appears to be taking action against businesses and individuals facilitating this activity.

It cited Zhao Dong, founder of several Chinese OTC businesses, pleading guilty in May to money laundering charges after being arrested last year.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Richard Chang)

Crypto crime hit record $14 billion in 2021, research shows

Posted on

By Tom Wilson

How to find legit vendors on the dark web?

LONDON, Jan 6 (Reuters) - Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, best darknet markets a record that comes as regulators call for dark web market list dark web sites marketplaces more powers over the fast-growing sector.

Crypto received by digital wallet addresses linked to illicit activity including scams, darknet markets and ransomware jumped 80% from a year earlier, Chainalysis said in a report.

The activity represented just 0.15% of total crypto transaction volumes, its lowest ever.

Overall volumes soared to $15.8 trillion in 2021, up over five-fold from a year earlier, U.S.-based Chainalysis said. Digital assets, from bitcoin to non-fungible tokens, darknet markets 2024 exploded in popularity in 2021 amid an embrace from institutional investors and major companies.

Newcomers have been drawn to the promise of quick gains touted by crypto backers, as well as hopes that bitcoin offers a hedge against soaring inflation. Yet cryptocurrencies are still subject to patchy regulation, leaving investors with little recourse against crime.

Financial watchdogs and policymakers from Washington to Frankfurt have fretted over the use of crypto for money laundering, with some urging lawmakers to grant them greater powers over the industry.

"Criminal abuse of cryptocurrency creates huge impediments for continued adoption, heightens the likelihood of restrictions being imposed by governments, and worst of all victimizes innocent people around the world," Chainalysis said.

Driving the increase in crime was an explosion of scams and theft at decentralized finance - DeFi - platforms, it said.

DeFi sites - which offer lending, insurance and dark web market links other financial services while bypassing traditional gatekeepers such as banks - have been plagued by problems that include flaws in underlying code and opaque governance.

Overall cryptocurrency theft grew over five-fold from 2020, best darknet market markets with around $3.2 billion worth of coins stolen last year.

Around $2.2 billion of those funds, some 72% of the total, were stolen from DeFi sites.

Scams at DeFi platforms - such as "rug pulls," where developers set up phony investment opportunities before disappearing with investors' cash - hit $7.8 billion, an 82% jump from 2021, Chainalysis said.

(Reporting by Tom Wilson; Editing by Frank Jack Daniel)

The Primary Purpose You must (Do) Norskcasinoblogg.com

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Introduction:

Online gambling has been steadily gaining popularity worldwide, and Norway is no exception. With the advent of technology, Norwegian slot machines, known as "norske automater," have made a significant impact on the online gambling market. This article aims to explore the success of norske automater on the internet, highlighting reasons for their popularity, regulatory challenges, and potential future trends.

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Conclusion:

Norske automater have successfully established themselves in the online gambling market, attracting a diverse audience and offering an engaging experience reminiscent of physical slot machines. While regulatory challenges persist, the growing demand for online gambling and technological advancements present opportunities for norske automater to flourish. As the industry continues to evolve, it will be interesting to witness the future development of norske automater and their impact on the Norwegian online gambling landscape.

U.S. arrests couple for allegedly laundering $4.5 bln in crypto...

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By Sarah N. Lynch and Raphael Satter

WASHINGTON, Feb 8 (Reuters) - The FBI arrested a husband onion dark website web link and wife on Tuesday morning, alleging they conspired to launder cryptocurrency stolen from the 2016 hack of virtual currency exchange Bitfinex, and dark market link said law enforcement has already seized over $3.6 billion in cryptocurrency tied to the hack.

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The action represents the Justice Department's largest-ever financial seizure, Deputy Attorney General Lisa Monaco said, adding in a statement that it shows cryptocurrency is "not a safe haven for criminals."

Ilya Lichtenstein, 34, and his wife Heather Morgan, 31, darknet markets links both of Manhattan, are scheduled to make their initial appearances in federal court Tuesday at 3:00 p.m.

in the U.S. District Court for the Southern District of New York.

The case was filed in a federal court in Washington, D.C.

The pair is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,0000 unauthorized transactions.

Justice Department officials said the transactions at the time were valued at $71 million in Bitcoin, but with the rise in the currency's value, it is now valued at over $4.5 billion.

"As the complaint alleges, the FBI and federal prosecutors were able to trace the movement of Bitcoin from this hack," said Matthew Graves, the U.S.

Attorney for the District of Columbia.

He added that the money moved through a major darkmarket darknet market exchange tied to a host of crimes, as well as cryptocurrency addresses tied to child sexual abuse materials.

Tuesday's criminal complaint came more than four months after Monaco announced the department was launching onion dark website a new National Cryptocurrency Enforcement Team, onion dark website which is comprised of a mix of anti-money laundering and cybersecurity experts.

Cyber criminals who attack companies, municipalities and individuals with ransomware often demand payment in the form of cryptocurrency.

In one high-profile example last year, former partners and associates of the ransomware group REvil website caused a widespread gas shortage on the U.S.

East Coast when it used encryption software called DarkSide to launch a cyber attack on the Colonial Pipeline.

The Justice Department was later recovered website some $2.3 million in cryptocurrency ransom that Colonial paid to the hackers.

(Reporting by Sarah N.

Lynch and Raphael Satter; Editing by Richard Chang)


  
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