Crime
The U.S. and U.K. Sanction 11 Members of Russia-based Ransomware Group Trickbot
Continuing the crackdown on Russia-based ransomware group Trickbot, the U.K. HM Treasury Office of Financial Sanctions Implementation (OFSI) and the…
Case Study: How We Track Crypto Money Laundering for Off-Chain Crime
Cybercriminals looking to launder money are often drawn to cryptocurrency due to its near-instant, pseudonymous, and cross-border capabilities. In 2022…
OFAC Sanctions Tornado Cash Founder Roman Semenov, DOJ Files Charges Against Him and Co-founder Roman Storm in Coordinated Action
On August 23, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Roman Semenov, co-founder of…
OFAC and Crypto Crime: Every OFAC Specially Designated National with Identified Cryptocurrency Addresses
As far back as the early 1800s, the U.S. Department of the Treasury has issued economic sanctions to achieve foreign…
Vulnerability in Curve Finance Vyper Code Leads to Multi-Million Dollar Hack Affecting Several Liquidity Pools [UPDATED 8/8/23]
New updates, 8/8/23: Exploiter returns portion of funds, Curve Finance posts bounty to identify them Less than a week after…
OFAC Sanctions Several ISIS and Al-Qaeda Operatives in Maldives, Highlights Crypto Address Controlled by SDN Ali Shafiu
On July 31, 2023, the U.S. Treasury’s Office of Foreign Asset Control (OFAC) sanctioned several individuals and entities associated with…
2023 Crypto Crime Mid-year Update: Crime Down 65% Overall, But Ransomware Headed for Huge Year Thanks to Return of Big Game Hunting
2023 so far has been a year of recovery for cryptocurrency after a chaotic 2022, with prices of digital assets…
Multichain Protocol Experiences Mysterious Withdrawals, Suggesting Multi-Million Dollar Hack or Rug Pull [UPDATED 7/19/23]
New updates, 7/19/23: Multichain protocol ceases operations, CEO and sister arrested A week after cross-chain bridge protocol Multichain experienced unauthorized…
Cryptocurrency Mining Pools and Money Laundering: Two Real World Examples
Cryptocurrency mining is a crucial part of our industry, but it also holds special appeal to bad actors, as it…
[UPDATED 12/1/23] South Korea Sanctions North Korea Hacking Group Kimsuky, Identifies Related Crypto Addresses. U.S. and Japan Follow Suit.
Update, 11/30/23: U.S. and Japan join South Korea in sanctioning Kimsuky On November 30, 2023, the United States’ Office of…
Inside the iSpoof Blockchain Investigation: This Fraud Tool Helped Scammers Steal Over £100 Million
On May 19, 2023, Tejay Fletcher, the administrator behind the fraud-enabling website iSpoof, was sentenced to more than 13 years…
Crypto and the Opioid Crisis: What Blockchain Analysis Reveals About Global Fentanyl Sales [UPDATED 3/7/24]
Executive summary Here’s a brief summary of the key findings and takeaways from the research presented in this report: Opioids…
OFAC and South Korea’s Ministry of Foreign Affairs Sanction Entities Associated with North Korean Hacking and IT Worker Crypto Payment Schemes
On May 23, 2023, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and South Korea’s Ministry of Foreign Affairs…
OFAC Sanctions Dubai-based Financial Services Firm and CEO for Role in Russian Sanctions Evasion, Includes Crypto Address as SDN Identifier
On May 19, 2023, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 22 individuals and 104 entities operating…
United States Sanctions and Charges Russia-based Ransomware Developer Mikhail Matveev
On May 16, 2023, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Mikhail Matveev, a Russian national…