Search Results: BlockchainForensics

In a bold move to combat the escalating threat of cryptocurrency fraud, U.S. authorities have unveiled the Scam Center Strike Force, targeting Chinese organized crime rings that siphon nearly $10 billion annually from American victims. This multi-agency task force is already yielding results, with over $400 million in illicit crypto seized and international sanctions imposed on key enablers. As these scams evolve with sophisticated tactics like pig butchering, the initiative underscores the urgent need for tech-savvy defenses in the digital finance era.

Zhimin Qian, known as the 'Bitcoin Queen,' pleaded guilty to running a £5.5 billion Bitcoin fraud scheme that exploited 128,000 Chinese investors. Her conviction follows a six-year international investigation culminating in the largest cryptocurrency seizure in history. The case signals a new era of cross-border crypto forensics and asset recovery capabilities.

Zhimin Qian has pleaded guilty in the UK after authorities seized 61,000 bitcoins worth over £5 billion, linked to a massive investment fraud in China. The case represents the largest cryptocurrency seizure globally and highlights the complex challenges of tracing illicit crypto assets across borders.

A former UK National Crime Agency officer exploited his role in a high-profile dark web investigation to steal 50 bitcoins, using a cryptocurrency mixer to launder the assets. Forensic analysis of his iPhone and notebooks exposed the theft years later. The case echoes similar corruption scandals involving US federal agents during the original Silk Road probe.

Hackers exploited a supply-chain vulnerability to steal $27 million from cryptocurrency exchange BigONE, prompting full user reimbursement and exposing ties to illicit funds. As services resume, blockchain analysts reveal 2025 has already shattered crypto theft records with over $2.17 billion lost.