Category: ICO

UK Regulator FCA Charges First Individual With Running a Network of Illegal Crypto ATMs

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Tron, Tether and TRM Labs Start Financial Crime Fighting Force

“TRON originated with the belief that technology can be used for good and to empower people across the globe,” Sun said in a release. “By collaborating with TRM Labs and Tether, TRON is helping to ensure that blockchain technology is used to make our world a better place, and sends a clear message that illicit activity is not welcome in our industry.” Source

ICO and NCA sign memorandum of understanding for further collaboration on cyber security

We have signed a Memorandum of Understanding (MoU) with the National Crime Agency (NCA) that sets out how both organisations will cooperate to improve the UK’s cyber resilience. The aim of this work is to ensure that organisations across the country can better protect themselves from criminals who steal data and hold it to ransom. The MoU reaffirms our commitment to providing relevant, up to date information sharing on cyber security matters, to support improved cyber security, and to provide guidance on how change can be implemented. Specifically, we are…

Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says

According to the report published Monday, investment fraud was the most pervasive – and expensive – type of crypto-related fraud in 2023. Of the more than 69,000 reports of crypto-related crime the agency received last year, nearly half were reports of investment fraud, and investment fraudsters made off with a whopping $4 billion. And while crypto crimes only made up about 10% of the complaints the FBI received, the $5.6 billion figure was roughly half the overall loss by complainants. Source