News & Analysis as of

Darknet

Orrick, Herrington & Sutcliffe LLP

U.S., German law enforcement disable darknet crypto mixer

On March 15, U.S. law enforcement, along with German criminal authorities, disabled a darknet cryptocurrency “mixing” service used to allegedly launder more than $3 billion in cryptocurrency underlying ransomware, darknet...more

BakerHostetler

Crypto Platforms Achieve Foreign Approvals; DOJ Seizes Crypto Ransomware Funds; CFTC Adds Crypto Firms to RED List; Crypto Fraud...

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Foreign Regulators Approve Crypto Platforms; Ethereum Approaching PoS - According to recent reports, several major cryptocurrency platforms have obtained regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM)...more

Venable LLP

Russia Sanctions: The U.S. Government Leans In

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The week ending Saturday, April 9, 2022, witnessed a ramping up of U.S. and allied sanctions against Russia and the continuing evolution of U.S. enforcement activities against Russia in response to its invasion of Ukraine....more

The Volkov Law Group

OFAC Focuses on Cybercrime by Sanctioning the Hydra Darknet Market and GARANTEX Cryptocurrency Exchange

The Volkov Law Group on

Continuing with both its crackdown on cybercriminals and illicit digital marketplaces, along with its continued economic pressure on the Russian Federation, OFAC has sanctioned two entities that fit both criteria.  On April...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #315 – Redline Malware Used to Steal Saved Credentials

Passwords are so difficult to remember. We all know we shouldn’t use the same or similar passwords across platforms. Stolen password credentials are dumped on the dark web and criminals use the stolen passwords to steal other...more

Vinson & Elkins LLP

Founder and Operator of Bitcoin “Mixer” Pleads Guilty to Money Laundering Conspiracy

Vinson & Elkins LLP on

Larry Dean Harmon, the founder and operator of Helix, a darknet-based cryptocurrency “mixer” or “tumbler,” recently admitted that Helix partnered with darknet marketplaces to provide bitcoin money laundering services for...more

ArentFox Schiff

Investigations Newsletter: New DC Circuit Ruling Impacts Medicare Advantage Plans and FCA Enforcement

ArentFox Schiff on

In a unanimous opinion, the DC Circuit reversed a successful challenge brought by UnitedHealth (United) and other Medicare Advantage insurers to vacate a Medicare Advantage Overpayment Rule. The Overpayment Rule requires that...more

Hogan Lovells

U.S. man charged with operating darknet-based bitcoin 'mixer' that laundered $300 million

Hogan Lovells on

The U.S. Department of Justice (DoJ) has indicted a man from Ohio for running Helix, a darknet-based cryptocurrency laundering service that is alleged to have laundered bitcoins worth $300 million....more

Ballard Spahr LLP

Update: Government Enforcement in the Cryptocurrency Space

Ballard Spahr LLP on

First Post in a Two-Part Series - Recent actions in the crypto realm demonstrate that authorities and regulators have not slackened their commitment to applying and enforcing Anti-Money Laundering (“AML”) laws and...more

Ballard Spahr LLP

Unlicensed Bit Coin Exchange Operator Sentenced to One Year and a Day for Attempted Money Laundering in Undercover Sting Operation...

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Earlier this month, the District Court for the Central District of California imposed a prison sentence of one year and a day, with three years of supervised release, on defendant Theresa Lynn Tetley, who had pleaded guilty...more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - December 2017

Robinson & Cole LLP on

The Consumer Financial Protection Bureau (CFPB), one of the watchdogs of the financial services industry, has announced through Acting Director Mick Mulvaney that it will no longer collect personal information of consumers...more

Robinson+Cole Data Privacy + Security Insider

Privacy Tip #117 – How to Check to See if Your Personal Information is Being Sold On the Dark Web

People always ask me what hackers do when they are able to obtain our personal information, including our Social Security numbers. There are many things hackers use our information for, some of which include filing false tax...more

McGuireWoods LLP

DOJ Takes Down AlphaBay, the World’s Largest Dark Web Marketplace

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The U.S. Department of Justice has announced the seizure of AlphaBay, the largest criminal marketplace on the Internet, which was used to sell stolen financial information, identification documents and other personal data,...more

Ballard Spahr LLP

Failure to Register with FINCEN Sustains Guilty Pleas by Virtual Currency Exchangers

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It is a potential crime to conduct a business that exchanges virtual currency and fail to register with the Financial Crimes Enforcement Network (“FinCEN“), even if the State in which one operates does not impose a similar...more

Robinson+Cole Data Privacy + Security Insider

GameStop Investigating Data Breach of Credit Card Information

Brian Krebs broke the story that GameStop was investigating a possible data breach affecting customers’ credit card information. This week, GameStop confirmed that it is investigating the possible compromise of credit card...more

Poyner Spruill LLP

The Tax Man Cometh For Bitcoin - NC Privacy Blog Talks To Digital Assets Tax Policy Coalition Counsel Cameron Arterton

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A federal judge recently ruled that America’s largest Bitcoin service was obligated to provide the Internal Revenue Service with extensive transactional records concerning the financial transactions of its members. The...more

Fisher Phillips

The Dangers Of The Darknet - And Why Constant Monitoring Of Workplace Computer Activity Is A Modern Necessity

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Nearly every piece of data and information generated by businesses these days is corralled into various electronic storage sites, such as company network servers, software-as-a-service (SaaS) business applications, and...more

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