A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy. The Fourth Circuit …
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on …
Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for operating without required state licensing. As part of the settlement, Abra last year agreed to stop accepting crypto from U.S. …
A U.S. judge rejected Meta Platforms’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him promoting fake cryptocurrency and other fraudulent investments. In a decision on Monday, U.S. District Judge …
The Oregon Division of Financial Regulation reached a settlement agreement in principle with a cryptocurrency asset platform for violating state securities regulations. The group of affiliated companies known as Abra – Plutus Financial Holdings Inc., Plutus Financial Inc., Plutus Lending …
Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the blockchain forensics firm estimated that ransom payments — which are almost always …
WASHINGTON (AP) — A Russian national who founded a cryptocurrency exchange that the Justice Department says became a haven for the proceeds of criminal activity has been arrested, federal officials said Wednesday. Anatoly Legkodymov, who lives in China, was arrested …
Criminals netted $1.3 billion in ransom payments from hacking victims in the past two years, reflecting a massive surge in cyber-crime that has prompted a global effort to stop it, according to a new report from Chainalysis Inc. The cryptocurrency-tracking …
UNITED NATIONS (AP) — North Korea is continuing to steal hundreds of millions of dollars from financial institutions and cryptocurrency firms and exchanges, illicit money that is an important source of funding for its nuclear and missile programs, U.N. experts …
LONDON — Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses …