• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Increased Crime in Crypto Sector Highlights Security Issues

user avatar

by Giorgi Kostiuk

a year ago


The year 2024 brought significant changes to the cryptocurrency sector, including a notable increase in criminal activity related to cryptocurrencies. Crimes ranged from kidnappings to extortions, affecting both users and companies.

France: Kidnapping with Ransom

In France, police rescued a man found tied up in the trunk of a car in Le Mans. The kidnappers made a ransom demand of his son, a cryptocurrency influencer in Dubai. The man was abducted on New Year's Eve and transported 500 kilometers across the country. An investigation is ongoing.

Pakistan: Crypto Payment Crime

In Pakistan, local trader Mohammed Arsalan was kidnapped and made to transfer $340,000 via his Binance account before being released. Several suspects, including a Counter-Terrorism Department officer, have been arrested.

Australia and Canada: New Extortion Cases

In Australia, a Saudi royal became the victim of a kidnapping orchestrated through a dating app. In Canada, WonderFi CEO Dean Skurka was kidnapped and released after a $1 million ransom was paid in Toronto. Both cases underline the growing risks for cryptocurrency traders.

As cryptocurrencies become more popular, so does crime associated with them. This necessitates increased attention to security and the development of measures to protect users.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Price Trends Show Weak Momentum and Potential Support Levels

chest

XRP has corrected by approximately 40% since the start of the year, indicating weak momentum and potential support levels.

user avatarMohamed Farouk

Balaji Srinivasan Highlights Zcash's Scalability and Privacy Benefits

chest

Balaji Srinivasan highlights Zcash's scalability and privacy benefits, advocating for its potential growth in the cryptocurrency market.

user avatarDiego Alvarez

Balaji Srinivasan Makes Case for Zcash in Fight Against Surveillance

chest

Balaji Srinivasan argues that Zcash is essential to protect privacy in the face of increasing AI-enabled surveillance, framing the choice as Zcash or communism.

user avatarElias Mukuru

XRP Ledger Launches Permissioned DEX to Boost Institutional Adoption

chest

The XRP Ledger has activated the Permissioned DEX amendment to enhance compliance for institutional trading.

user avatarKenji Takahashi

Australian Executive Faces Sentencing for Selling Cyber Tools to Russia

chest

Peter Williams, an Australian executive, pleaded guilty to selling sensitive cyber tools to a Russian broker, raising concerns about intelligence security among Five Eyes allies.

user avatarMaria Fernandez

Cardano Sees Significant Drop in Project Launches

chest

The Cardano network has seen a significant decline in project launches since 2021, raising concerns about future development and focusing on long-term adoption.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.