cybercrime

IRS Seized $3.5 Billion in Crypto This Year, Expects Further Billions

Source Node: https://beincrypto.com/irs-seized-3-5-billion-in-crypto-this-year-expects-further-billions/
Time Stamp: November 19, 2021 6:00 AM - Modified On: November 19, 2021 - Published By:
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Republished By Plato

The United States Internal Revenue Service (IRS) seized cryptocurrency worth $3.5 billion during the fiscal year of 2021.Sponsored Sponsored According to the latest IRS criminal investigation report, this figure represents 93% of assets seized by tax enforcement over the past year. The tax collection agency believes that it could seize further billions in crypto from tax fraud and other crimes over the coming year.Sponsored Sponsored “I expect a trend of crypto seizures to continue as we move forward into fiscal year ‘22,” said IRS Criminal Investigation Chief Jim Lee. “We’re

How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds

Source Node: https://news.bitcoin.com/how-binance-helps-legal-authorities-take-down-cybercriminals-laundering-illicit-funds/
Time Stamp: September 30, 2021 9:00 AM - Modified On: September 30, 2021 - Published By:
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Republished By Plato

sponsored According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading cryptocurrency exchange, Binance has especially taken it upon itself to protect the safety and security of the virtual finance world. Here is how it helps legal authorities to take down cybercriminals laundering money. Busting the $500 Million FANCYCAT Ring In June 2021,

US Army Leverages Blockchain Technology for Tactical-Level Data Management

Source Node: https://beincrypto.com/us-army-leverages-blockchain-technology-for-tactical-level-data-management/
Time Stamp: August 16, 2021 2:10 PM - Modified On: August 16, 2021 - Published By:
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Republished By Plato

At the Command, Control, Communications, Computer, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) Center, US Army engineers are leveraging blockchain technology for tactical-level data management.Sponsored Sponsored The center is developing its new data management capability as part of its Information Trust program. It was also one among several prototype technologies tested during the Network Modernization Experiment (NetModX). This was held at Joint Base McGuire-Dix-Lakehurst, New Jersey in May. Removing contingencies At its core, the program is intended to provide soldiers “a mathematical, verifiable way of vetting their data, from sensor to

Real Estate Blockchain Firm Ubitquity to Build Tokenized Title Platform

Source Node: https://cointelegraph.com/news/real-estate-blockchain-firm-ubitquity-to-build-tokenized-title-platform
Time Stamp: August 8, 2020 5:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Real estate blockchain platform developer Ubitquity will build a platform for creating tokenized property titles with Rainier Title, a news report said. The platform will also log records of conveyance for the Washington-based Rainier Title. It will integrate with the conveyance suite Qualia. Rainier Title is currently in the process of migrating to Qualia. Tokens created through the platform represent a client’s property so title owners have more opportunities to develop new value like a fractionalized ownership investment in the real estate. Ubitquity said in a statement that having tokens represent a

BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit

Source Node: https://cointelegraph.com/news/bitmex-operator-gives-400k-sponsorship-to-cybersecurity-nonprofit
Time Stamp: April 6, 2020 8:09 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation.In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the organization over the next four years. The BitMEX operator will be acting as a member of the nonprofit’s new industry alliance for Internet security.Richard Perlotto, Shadowserver Director, thanked HDR for “their rapid response to our call for help” and emphasized the organization’s commitment to fighting cybercrime. The director is referring to

Beware! Scammers Are Out for Crypto Amid the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/beware-scammers-are-out-for-crypto-amid-the-coronavirus-pandemic
Time Stamp: April 2, 2020 3:52 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people’s crypto holdings.On March 27, residents in the United Kingdom received warnings from their local councils “to be on their guard against a series of scams attempting to take advantage of the coronavirus outbreak.” Scammers have been using other tricks to lure victims, including the use of false Bitcoin (BTC) donation channels, fake