TL;DR On April 1, 2026, Solana’s Drift Protocol was drained of $285 million (over 50% of its TVL) in a…
The put up The Drift Protocol Hack: How Privileged Access Led to a $285 Million Loss appeared first on Chainalysis.
US Representative David Schweikert has introduced legislation granting the President authority to act against crypto criminals operating abroad. The bill, filed as House Resolution (H.R. 4988), invokes the rarely used concept of “letters of marque and reprisal,” which is a legal instrument dating back to maritime warfare. Historically, such letters authorized privateers to attack and…
The synthetic opioid crisis continues to devastate communities throughout the United States, with fentanyl-related deaths contributing to tens of 1000’s of fatalities yearly. As criminals more and more flip to cryptocurrency to facilitate these lethal transactions, main crypto exchanges are taking proactive measures to establish and disrupt these networks earlier than they’ll trigger additional hurt….
Think you can outsmart the Grinch? Time to put yourself in your customer’s shoes Play the interactive journey The finish of 12 months vacation season could also be a time of celebration, however for fraudsters, it’s open season. Cybercriminals take full benefit of the spike in on-line purchasing, transport confusion, and emotional urgency – turning…
TL;DR The UK’s Foreign, Commonwealth and Development Office (FCDO) has designated Xinbi, a serious Chinese-language illicit assure market. The designation… The submit UK Government Designates Xinbi, Key Node in Chinese-Language Crypto-Enabled Scam Infrastructure appeared first on Chainalysis.
Authorities throughout Africa arrested greater than 1,200 suspects and seized practically $100 million in a sweeping cybercrime operation that dismantled on-line fraud networks and unlawful crypto mining operations, INTERPOL introduced on Aug. 22. The three-month crackdown, generally known as Operation Serengeti 2.0, focused practically 88,000 victims throughout 18 African nations in collaboration with the UK….
The United States sanctioned 19 entities in Myanmar and Cambodia tied to cyber-fraud compounds that concentrate on victims worldwide, including new names to the OFAC sanctions list. The transfer raises rapid compliance necessities for banks, cost corporations, and crypto venues that would contact these actors via correspondent flows or dollar-linked stablecoins. Sanctions block property and…