The most wanted list of the US Secret Service includes crypto fraudsters and scammers as well, as we can see from the released list earlier so let’s read more about it in our latest cryptocurrency news today.
The US Secret Service protects the US political figures and conducts criminal investigations, released a list of Most Wanted fugitives and it contains a few individuals who used the digital currencies for their crimes. A 36-year old citizen of Costa Rica named Allan Garcia is wanted for managing daily operations of Liberty Reserve which is a company that operated in digital currency as the agency said:
“The company grew into a financial hub of the cybercrime world, facilitating a broad range of online criminal activity, including credit card fraud, identity theft, investment fraud, computer hacking, child pornography, and narcotics trafficking.”
Another man from Russia named Danil Potekhin was also on the list. Between 2017 and 2018 Potekhin and his colleague, Dmitrii Karasavidi launched a new phishing campaign that targeted users of several digital currency exchanges and according to the Secret Service, both of them were able to withdraw some of the holdings and manipulate the digital currency markets. The agency is also looking for Rashawd Lamar Tulloch who is a 33-year old citizen and accused of acting as a third-party money launderer who defrauded victims out of millions of dollars. Tulloch ran an operation that converted payments into BTC.
The presence of crypto related criminals on the list is only a sign that the crime coming from the crypto industry is generating even more government attention than it did before. The Department of Justice announced that ransomware attacks are common in the industry and will be prioritized along the same lines as terrorism. The announcement came after the recent Colonial Pipeline hackers. The G7 echoed the Department of Justice a few days later and committed to fighting crypto fuelled ransom attacks.
Speaking of scams, Africrypt stole $3.6 billion in BTC just as the investors are having a hard time managing the coin’s volatility making it one of the biggest scams in history. Africrypt stole by gathering clients and targeting high net worth investors and urges them to refer their friends while offering returns of up to 10% per day. According to the reports, the South African FNB and enabled all of the transactions for the investment platform.
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