Cybercriminals robbed victims of almost US$4 billion across 122 attacks against cryptocurrency platforms and holdings last year, according to a recent report.

A court in the United States has sentenced a Bulgarian national for his role in a multi-million dollar cyber-fraud and money laundering racket, according to astatement from the Department of Justice.

A French court has sentenced a Russian national believed to have masterminded a fraudulent cryptocurrency operation that allegedly laundered more than US$9 billion for international organized crime groups.

Acting on request of the government of Brazil, U.S. authorities seized virtual currency worth an estimated US$24 million which Brazilian authorities claim are proceeds of a fraudulent scheme, theJustice Department announced Wednesday.

A U.S. court found a Bulgarian national and owner of a Bitcoin exchange guilty for his role in an international fraud scheme that lured at least 900 Americans into purchasing online items that didn’t exist, the U.S. Department of Justice said.

In the latest instalment of a saga that saw investors around the world defrauded out of as much as US$16 billion, the co-founder of a disgraced cryptocurrency firm has agreed to testify against the company’s one-time chief, his sister.

Federal prosecutors in Manhattan have brought fraud charges against the co-founder of a cryptocurrency scheme that allegedly defrauded would-be investors of as much as US$16 billion, but experts warn there is still a long way to go before justice is brought to the victims of the scam.