DigitalMint’s Post

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Experts Reveal What They Claim Is The Biggest Threat To The Cryptocurrency Market ➡️ Read All : https://lnkd.in/e32n6VKW Bitcoin ATMs are becoming increasingly common across the United States, but with their increasing presence comes a significant increase in cybercrime risks. These machines, which... [...] #Cybersecurity #BitcoinATM #CryptoScams #DigitalFraud #ElderlyScams #Crypto #Bitcoin #NBTC

Yes, Bitcoin and other cryptocurrencies have been used by some bad actors due to its pseudonymous nature, which allows for transactions without directly revealing the identities of the parties involved. This has made it attractive for cybercriminals, hackers, and people involved in illegal activities, including ransomware attacks, money laundering, and dark web transactions. However, while Bitcoin can provide a level of anonymity, it is not completely untraceable. Every Bitcoin transaction is recorded on a public ledger called the blockchain, which means law enforcement agencies and cybersecurity experts can often trace and track transactions back to individuals or groups. Over the years, governments have developed increasingly sophisticated tools to monitor and identify suspicious activities involving cryptocurrencies. While Bitcoin has been used in criminal activities, it's also worth noting that the vast majority of Bitcoin transactions are legal and involve investments, trading, and legitimate business transactions. #Bitcoin #CryptoSecurity #BlockchainTechnology #BitcoinCrimes #CryptoTracking #Cybersecurity #Cryptocurrency

🕵️ 💱 In 2023, illicit addresses sent US$22.2B worth of cryptocurrency to services, which is a significant decrease from the US$31.5B sent in 2022. Some of this drop may be attributed to an overall decrease in crypto transaction volume, both legitimate and illicit. However, the drop in money laundering activity was steeper, at 29.5%, compared to the 14.9% drop in total transaction volume. Chainalysis The 2024 #Crypto #Crime Report #cryptocurrency #cryptocrime #cybercrime #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🦹♂️ 💱 💵 Along with the reduction in absolute value, and the reduction in the share of crypto transaction volume associated with illicit activity - a shift in the types of assets involved in cryptocurrency-based crime is visibly being made into stablecoins. Through 2021, Bitcoin reigned supreme as the cryptocurrency of choice among cybercriminals, likely due to its high liquidity. But that’s changed over the last two years, with stablecoins now accounting for the majority of all illicit transaction volume. This change also comes alongside recent growth in stablecoins’ share of all crypto activity overall, including legitimate activity. Chainalysiss The 2024 #Crypto #Crime Report #cryptocurrency #cryptocrime #cybercrime #cybersecurity #canadiancybersecurityCANADIAN CYBERSECURITY INC.C.

🦹♂️ 💱 💵 Along with the reduction in absolute value, and the reduction in the share of crypto transaction volume associated with illicit activity - a shift in the types of assets involved in cryptocurrency-based crime is visibly being made into stablecoins. Through 2021, Bitcoin reigned supreme as the cryptocurrency of choice among cybercriminals, likely due to its high liquidity. But that’s changed over the last two years, with stablecoins now accounting for the majority of all illicit transaction volume. This change also comes alongside recent growth in stablecoins’ share of all crypto activity overall, including legitimate activity. Chainalysis The 2024 #Crypto #Crime Report #cryptocurrency #cryptocrime #cybercrime #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

The CyVers 》Proactive Web3 Security report reviews major 2023 cyber threats, including key hacks and their mitigation, and highlights advances like OSWAR for standardized Web3 security. It emphasizes global crypto adoption, regulatory progress, and the need for proactive measures to address evolving attack complexities. *** CoinPayments is a world's leading secure and trusted crypto payments gateway. Serving key markets since 2013, CoinPayments allows businesses to accept over 100 cryptocurrencies as payment and is trusted by merchants worldwide. #blockchain #technology #cryptocurrency #business #future #web3

In 2024, hackers are increasingly targeting centralized exchanges and ransomware attacks are soaring. Illicit activities on blockchain networks dropped nearly 20%, but stolen funds and ransomware are rising. Bitcoin's role in these crimes increased, and cybercriminal sophistication is growing due to AI advancements. #Cryptocurrency, #Cybercrime, #Ransomware, #Bitcoin, #DeFi, #Chainalysis, #Fx, #Trading

🚨 **Important Crypto Tip!** 🚨 Did you know that recovering stolen cryptocurrency assets from fake investment platforms is possible? 💰🔍 If you've been a victim of fraudulent schemes or fake investment platforms, don’t lose hope! Crypto recoveries/Redeemer specializes in helping individuals reclaim their stolen assets. Their expertise in cybersecurity can make all the difference in navigating this complex recovery process. Stay safe in the world of crypto, and remember: awareness and action are your best defenses against scams! 🔗 [#Cryptorecoveries/Redeemer #Cybersecurity #TeamCryptorecoveries/Redeemer#StaySafe] #scam #assetrecovery #wecanhelpyou #contactustoday #cryptocurrency #ScamAlert

Control your security. Use hardware wallets which are devices used in storing crypto offline. They are ideal for long-term storage and offer added protection from hackers. Also, stay alert for phishing scams: don’t click suspicious links or share your private info. #cryptocurrency #cryptotrading #cryptonigeria #cryptosecurity #btc #bitcoin #stablecoin