Cybercrime

Cyber-enabled fraud is rapidly expanding in scale and sophistication as criminals exploit digital platforms, instant payments, and virtual assets to move illicit proceeds across borders, an intergovernmental watchdog said on Tuesday.  

DOJ building entrance, Washington, DC

Paxful Holdings Inc., a peer-to-peer virtual currency trading platform, was sentenced on Tuesday to pay a $4-million criminal penalty after pleading guilty to conspiracies tied to illegal prostitution, anti-money-laundering failures and transmitting criminal proceeds.