Reported by Matt Troutman These Uber drivers took passengers for a $40 million ride. A pair of fraudsters sold hacked smartphones and fake apps — including one dubbed “Screwber” — to more than 800 Uber drivers as part of a scheme that conned customers into paying bogus “surge pricing” fares, federal prosecutors said Wednesday. Eliahou […]

Reported by Sindhu V Kashyap According to Chainalysis’s mid-year crime update report, while illicit on-chain activities have declined by 20 percent year-to-date (YTD), certain criminal operations have increased significantly. For instance, inflows from stolen funds have nearly doubled, and ransomware payments are on track to reach record levels by the end of the year. These […]