Justice Department seizes infrastructure used by cyber scam and criminal marketplace
lso Tuesday, the Treasury Department took action against the same Cambodian company, Huione Group, and affiliates.
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Treasury Department targets Southeast Asia scam hubs with sanctions
Cybercrime hubs in Southeast Asia scammed Americans out of at least $10 billion last year, a 66% increase from 2023, officials said.
Online scam cycles are getting shorter and more effective, Chainalysis finds
As enforcement and attribution have improved, scammers are ditching static infrastructure and drawn-out schemes for shorter campaigns that use disposable assets.
California prosecutor Erin West on the massive wealth transfer to Southeast Asia from a crypto scam called ‘pig butchering’
The Santa Clara County deputy district attorney has made it her mission to fight back against these scams and the people executing them.
Deposits to illicit crypto addresses nearly doubled in 2021, Chainalysis finds
Theft of DeFi grew 2,000%, researchers found.
State cybersecurity authorities issue warning over Hurricane Florence scams
As Hurricane Florence rips through the East Coast, scammers and hackers will very likely look to exploit the storm for financial gain.
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