Cryptocurrency Worth $1.5M USD Seized By Chinese Police During World Cup Gambling Crackdown

Crime, News | July 13, 2018 By:

Chinese authorities have cracked down on an organized soccer gambling during the ongoing World Cup, resulting in the seizure of more than 10 million yuan ($1.5M USD) worth of cryptocurrencies.

In a statement on Thursday, police in southern Guangdong province said that the syndicate’s unnamed gambling platform ran on the dark web and only accepted cryptocurrencies,

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Cryptojackers Who Hacked $2M USD In Crypto Arrested In China

Crime, News | July 10, 2018 By:

Chinese authorities have arrested 20 individuals for allegedly hacking millions of computers and generating $2.2 million in illicit cryptocurrency mining profits.

According to local news outlet Legal Daily, Chinese law enforcement agencies started investigating the case after the security team at tech giant Tencent alerted the Weifang City Public Security Bureau about a mining script hidden in freely-downloadable Internet browser plugins.

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Crypto-Related Crimes Will Surpass All Other Cyber-Crimes In 2018 – Israeli Intelligence Analyst

Blockchain, Crime, News | June 25, 2018 By:

Lotem Finkelsteen, an Israeli threat intelligence analyst, has warned that crypto-related crimes, including financial scams and hacking, will surpass all other types of cyberattacks in 2018.

Speaking on a panel at the “Blockchain, The New Digital Age” event at Tel Aviv University, Finkelsteen argued that illegal activity in the initial coin offering (ICO) market is the main obstacle to the development of blockchain technology.

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