Binance Indictement

Binance has pleaded guilty to money laundering charges!

Often, when victims transfer cryptos to investment scammers or pay ransoms to hackers, the funds end up in a Binance wallet. This trend has been noticeable since the crypto exchange’s inception in 2017, suggesting that the platform has been accommodating to criminals. We have been closely monitoring the activities surrounding

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the money flow of the scammer´s industy

The money flow in the scammers´ industry!

The professionalism of today’s cybercriminal organizations (in short: the scammers’ industry) correspond to the professionalism and procedures of legitimate big international corporations. Technology, development activities, human resources, accounting, finance, marketing, legal departments are carried out by different departments independently under the professional leadership of the management people hired by criminals.

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Enhance the drafted DMA

Enhance the drafted DMA!

As we have seen so often in the past years, the European authorities have been mainly concerned with protecting the interests of the business users in drafting the Digital Markets Act (DMA) and have forgotten about the so much-needed consumer protection. It is about time to enhance consumer protection in

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Interwiew with EFRI Founder Elfriede Sixt

First, they laughed, then they threatened, and finally, they got arrested!

EFRI Founder, Elfriede Sixt, did an interview with Fintelegram. We copied it n here: The European Fund Recovery Initiative (EFRI) was founded in 2018 by the CPA Elfriede Sixt joint effort with FinTelegram and lawyers. EFRI represents more than 1,000 scam victims by now with around 60 million euros damages. Besides assisting victims,

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Interview EFRI

Interview Part II: Decipering cybercrime and scams!

For Part, I of the interview with the EFRI founder Elfriede Sixt go here. Q 6. How did BitRush develop into the Lenhoff cybercrime case? Although knowing about the money laundering claims, Joachim Kalcher, the then technical chief operator of Bitrush Corp, teamed up with Uwe Lenhoff. He continued to pursue his

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Fake EFRI fund recovery experts

FAKE EFRI FUND RECOVERY EXPERTS! WARNING

Victims have been attacked via e-mails and phone calls from alleged EFRI employees in recent weeks. They are offering scam victims to recover their funds on a fee basis. Victims receive EFRI invoices and are asked to pay via Bitcoin (BTC). They pretend to be EFRI-employees and use the EFRI

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