fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Bitcoin Daily: Ukraine Shuts Alleged Crypto-Laundering Network; Crypto Tax, Accounting Software Firm TaxBit Nets $130M

Bitcoin Daily: Ukraine Shuts Alleged Crypto-Laundering Network; Crypto Tax, Accounting Software Firm TaxBit Nets $130M
Bitcoin Daily: Ukraine Shuts Alleged Crypto-Laundering Network; Crypto Tax, Accounting Software Firm TaxBit Nets $130M
August 12, 2021  |  Bitcoin

The Security Service of Ukraine (SBU) has shut down several cryptocurrency exchanges that were being used since the beginning of this year to anonymize transactions,...

READ MORE >
Crypto Platform Poly Network Says Hacker Returned Much Of Taken Funds
Crypto Platform Poly Network Says Hacker Returned Much Of Taken Funds
August 12, 2021  |  Cybersecurity

The hacker or hackers behind the theft from Poly Network, which facilitates peer-to-peer (P2P) transactions, have now returned almost all the $613 million they stole,...

READ MORE >
Currencycloud Hires Lucinity To Fight Money Laundering
Currencycloud Hires Lucinity To Fight Money Laundering
August 12, 2021  |  B2B Payments

Currencycloud, which works in B2B cross-border payments, has contracted Lucinity to provide its Actor Intelligence solution as the newest compliance innovation to fight money laundering....

READ MORE >
Poly Network Hackers Return Half Of Stolen $613M
Poly Network Hackers Return Half Of Stolen $613M
August 12, 2021  |  Cybersecurity

A group of hackers who carried out what is believed to be the largest cryptocurrency heist on record have returned more than half of the...

READ MORE >
P2P Crypto Platform Poly Network Hackers Targeted Smart Contracts, Have Returned Millions
P2P Crypto Platform Poly Network Hackers Targeted Smart Contracts, Have Returned Millions
August 11, 2021  |  Cybersecurity

Hackers of decentralized finance (DeFi) platform Poly Network have returned over a third of the $613 million they stole, Reuters reported. Get the Full Story...

READ MORE >
Record Crypto Heist Nets Hackers Over $600M
Record Crypto Heist Nets Hackers Over $600M
August 11, 2021  |  Cybersecurity

In what is likely the biggest cryptocurrency theft in history, hackers made off with more than $600 million by exploiting a vulnerability in the multi-chain...

READ MORE >
Data Shows Cyberattack Ransom Up 82 Pct Since 2020
Data Shows Cyberattack Ransom Up 82 Pct Since 2020
August 10, 2021  |  Cybersecurity

As ransomware has increased in proliferation, so has the amount paid on average to the criminals, a Computer Weekly report says, citing data from the...

READ MORE >
Coinbase Says Crypto Exchanges Face Dual Regulations To Meet Differing Authentication Rules
Coinbase Says Crypto Exchanges Face Dual Regulations To Meet Differing Authentication Rules
August 09, 2021  |  Authentication

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >