Category: Cybercrime
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US FCA Reports Exposes Crypto & Social Media As Preferred Cybercrime Tools!
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Cybercriminals and scammers embraced crypto ever since its inception. The US FTC reported that since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that’s about one out of every four dollars reported lost, more than any other payment method.…
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Breaking! Reuters Report Accuses Binance Of Crime Facilitation!
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Reuters published an interesting report about the world’s largest crypto platform Binance. According to the report, Binance processed transactions totaling at least $2.35 billion stemming from hacks, investment frauds, and illegal drug sales between 2017 and 2021. Allegedly, in 2019 Binance processed criminal funds totaling $770 million.