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Over 3,000 victims of the alleged crypto scammers have come forward to the authorities to file for compensation claims. In an announcement sent to Cointelegraph, Binance said that they worked alongside law enforcement agencies, providing intelligence to disrupt the criminal group. The operation, which had the code “Trust No One,” led to the arrest of five alleged key syndicate members and the seizure of various assets worth $277 million. Over 3,200 victims have already contacted the authorities to file for compensation. The Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police has collaborated with crypto exchange Binance and the United States Homeland Security Investigation (HSI) to take down a crime ring responsible for conducting a pig butchering crypto scam in Thailand.  #Binance Aids Royal Thai Police in Crackdown on Criminal Networks | @Binance Blog https://t.co/GzMGjTlzmI — CZ Binance (@cz_binance) October 3, 2023 Police Lieutenant Colonel Thanatus Kangruam...

Crypto ransomware attacks rose in the first half of 2023. However, scammers earned 77% less revenue compared to the same period in 2022, according to the Crypto Crime Mid-Year report by Chainalysis Crypto ransomware attacks surged in H1 per Chainalysis Crypto ransomware attacks in 2023, the report notes, rose following a contraction in 2022. In the first half of 2023 alone, ransom attacks amounted to $449.1 million . The finding suggests that if this trend continues throughout the rest of the year, ransomware attackers could potentially surpass the $939.9 million extorted from victims in 2021, indicating a potential increase in revenues. The update highlights an increase in both “very small” and “very large” ransomware payments in 2023. Notably, sophisticated strains such as Cl0p and ALPHV/Blackcat, written in the Rust programming language, recorded an average payment size of $1,730,486 and $1,504,579, respectively. On the other hand, low-level ransomware ...