Cybercrime Data | FinTelegram News

Category: Cybercrime Data

April 11, 2025

Cybercrime Update: Cryptocurrency-Related Financial Crime Trends (2024-2025)

In 2024, the volume of illicit cryptocurrency transactions fell to approximately $45 billion, a 24% decline from 2023. However, analysts caution that this figure may rise as ongoing investigations uncover additional activity, TRM labs says in its 2025 rypto crime report. Sanctioned entities accounted for 33% of illicit crypto volume, surpassing scams, fraud, and blocklisted addresses.

November 15, 2024

Behind The Scenes: KrebsOnSecurity Interview With Russian Cybercriminal Mikhail Shefel.

Mikhail Shefel, the notorious cybercriminal behind the massive data breaches at Target and Home Depot, has come forward in an exclusive interview with KrebsOnSecurity. This revelation sheds new light on one of the most significant cybersecurity incidents in retail history and exposes the intricate web of Russian cybercrime.

October 13, 2024

UNODC Report: Technology-Powered Cybercrime on the Rise in Southeast Asia!

The billion-dollar cyberfraud industry in Southeast Asia is booming, fueled by organized crime syndicates exploiting the latest in AI and cryptocurrency. The UNODC report notes that these criminal networks are outpacing government efforts to regulate and combat their operations. Urgent reforms and enforcement are needed to prevent further damage.

August 8, 2024

Bank Fraud Allegations: Rapper “Punchmade Dev” Sues PNC Bank

In January, Brian Krebs, the cybercrime expert behind KrebsOnSecurity, exposed rapper Punchmade Dev, who glorifies cybercrime in his music videos, as a key figure behind online stores selling stolen bank account and payment card data. Now, the 22-year-old Kentucky native, identified as Devon Turner, is suing Kentucky-based PNC Bank after it blocked a $75,000 wire transfer and froze his account amidst an active law enforcement investigation.

May 22, 2024

Plenitude Consulting Acquires Contineo to Address Financial Crime Capabilities!

In a strategic expansion of its financial crime compliance capabilities, Plenitude Consulting has acquired Contineo Financial Risk Solutions Ltd. Contineo, founded in 2017, is known for its specialized advisory services in financial crime compliance (FCC) technology. The company offers expertise in transaction monitoring, customer and transaction screening, model validation, and data analytics.

April 19, 2024

Scam Pandemic Continues: Barclays Reports Alarming 29% Rise in Investment Scams Over Past Year!

Cybercrime, with its various forms of scams, is the dark side of the emerging cybersociety. The number of victims is increasing exponentially. It is only fair to call scams a pandemic. UK banking giant Barclays has disclosed a concerning 29% increase in investment scams targeting its customers over the last year, with the typical victim losing approximately £14,000. Attacks primarily occur on social media platforms, making millennials the most affected group.

April 14, 2024

Introducing the World Cybercrime Index: A New Tool to Identify Global Cybercrime Hotspots

Cybercrime is the new battleground for criminals and terrorists. Cybercrime is an invisible phenomenon. Offenders typically mask their physical locations by hiding behind online nicknames and technical protections. Researchers from the University of Oxford, UNSW Canberra, and Sciences Po have introduced the World Cybercrime Index, published in the journal PLOS ONE. It identifies and ranks countries by the threat level posed by their cybercrime activities.

March 3, 2024

Crypto Crime Report Unveils a Surge in Sanctions Violations Dominating Illicit Activities

The 2024 Crypto Crime Report by Chainalysis for the year 2024 highlights sanctions violations as the dominant form of crypto-related criminal activity, overshadowing other types of illicit transactions in the digital asset space. A staggering $14.9 billion out of $24.2 billion in illicit crypto transactions were linked to entities under sanctions, spotlighting the critical intersection of cryptocurrency and global regulatory violations.

October 10, 2022

Britain Is Still A Global Home Of Financial Crime And Money Laundering Via Partnerships!

More than 21,000 partnerships, 14% of the total set up over the past 20 years incorporated in Britain, “bear the hallmarks” of shell companies used for financial crimes, a report from Transparency International UK (TI-UK) disclosed. They share almost identical characteristics with those known to have been used in corruption and money laundering schemes. Corporate partners from 21 high-risk jurisdictions with a high money laundering risk would control a vast network of LLPs.

January 8, 2021

Gery Shalon Case – Russian home office hacker Andrei Tyurin sentenced to 12 years prison term

The Russian hacker Andrei Tyurin was sentenced in Manhattan federal court to 144 months in prison for his role in the largest financial hacker attack in US history, which was masterminded and coordinated by the Georgia-born Israeli cybercrime supervillain Gery "Gabi" Shalon. Tyurin has pleaded guilty to the charges and allegedly earned more than $19 Mio for his job. Tyurin controlled hacking activities through a computer infrastructure on five continents from his home office in Moscow.

August 12, 2020

Cybercrime Economy – Discount prices for dark goods to empower cybercrime rookies

Cybercrime is just the other side of the digital age coin and is at least as vibrant as the legit side. Like any price in free markets economies, prices for basic dark goods in the cybercrime economy such as stolen personal data, hacked accounts, or payment card information not only reflect the supply and demand situation but also provide insight into cybercrime activities.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.