The Enforcement Directorate on Tuesday said it has taken possession of funds worth Rs. 90 crore, kept in cryptocurrency wallets of exchanges like Binance, ZebPay and WazirX, as part of a money laundering investigation linked to an online gaming app “scam”. “These crypto assets were subsequently taken into possession and…
Google is taking a conscious approach towards identifying risky apps being promoted on its Play Store. In a fresh development, the search engine giant has identified two suspects who could have been using the app storefront to advertise fraudulent crypto apps. In order to deal with this situation, Google has…
Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 million (roughly…
Binance Co-Foudner Yi He has disclosed that unidentified notorious elements are reaching out to existing or potential crypto investors, offering them scam token listings for money using her name. These types of scams are classified as ‘token listing’ scams. Through social networking platforms like LinkedIn and X, cyber criminals first…
The crypto sector, which currently holds a market cap of $1.66 trillion (roughly Rs. 138,06,635 crore, is no new hotspot for cyber criminals to lurk around. With new tools and applications, notorious cyber actors often find their way into crypto protocols only to steal these digital assets. One such latest…
The law enforcement authorities in Himachal Pradesh are going bullish on tightening the security around the digital assets sector. The State’s Special Investigation Team (SIT) has teamed up with Liminal Custody Solutions. In recent weeks, the Himachal Pradesh SIT conducted several raids in different parts of the Himalayan state, investigating…
The SIT probing the alleged multi-crore cryptocurrency scam conducted searches at 41 different locations in Himachal Pradesh on Sunday and arrested one of the main accused, the police said. According to the police, Abhishek Sharma, a resident of Una district, was evading arrest when he was apprehended. Sharma is named…
The Special Investigation Team (SIT) probing the multi-crore cryptocurrency fraud case in Himachal Pradesh has arrested seven more persons for their involvement in luring unsuspecting victims with fake investment plans, police said on Tuesday. All accused played distinct roles in the fraud from managing back-end office activities and databases, coordinating…
The CBI has seized cryptocurrency worth more than $930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company’s fraud department, officials said. Based on inputs from the Federal Bureau of Investigation (FBI) of the United States, the…
JPMorgan’s British retail bank Chase will ban crypto transactions made by customers from October 16 due to an increase in fraud and scams, the company said on Tuesday. “We’ve seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the…
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