Search Results: BlockchainSecurity

A Chinese national's conviction for orchestrating a £5 billion bitcoin fraud scheme has resulted in the largest cryptocurrency seizure in history, involving over 128,000 victims. The case underscores the escalating use of digital assets by organized crime and the critical need for advanced cross-border investigative techniques to combat financial fraud.

The creators of the Samourai Wallet cryptocurrency mixer admitted to operating an unlicensed money-transmitting business that processed over $2 billion in illicit Bitcoin, targeting dark web markets and cybercrime. Their guilty plea underscores the escalating crackdown on crypto tools enabling financial anonymity.