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Cryptocurrency Crime Report: General Decrease In Illicit Activity With Alarming Growth In Ransomware
The first half of 2023 has brought a sense of relief to the cryptocurrency sector following a tumultuous 2022. Digital currencies such as Bitcoin have seen a value resurgence, with an 80% increase in price as of June 30th. Further bolstering industry optimism, significant reductions in cryptocurrency-related crimes have been reported. As highlighted in the…
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EncroChat Takedown: Over 6,500 Arrests and €900 Million Seized in Blow to Organized Crime
The French and Dutch judicial and law enforcement authorities revealed in Lille today that the takedown of the encrypted communication tool EncroChat, in 2020, has resulted in 6,558 arrests worldwide, including 197 high-value targets. Nearly €900 million in criminal funds have been seized or frozen since the operation began. EncroChat was an encrypted communication tool…
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