Crypto Crime News

David Brend and Gustavo Rodriguez, the masterminds behind the IcomTech cryptocurrency Ponzi scheme, have been sentenced to 10 and 8 years in prison, respectively.

The founder of the darknet marketplace Hydra, Stanislav Moiseev, has been sentenced to life in prison by a Moscow court for his involvement in a range of criminal activities.

Alex Mashinsky, the co-founder of Celsius Network, has admitted to charges of fraud related to his role in the company’s downfall.

DMM Bitcoin, a Japanese crypto exchange, is shutting down after failing to recover from a May hack that saw over $320 million in Bitcoin stolen.

The U.S. Securities and Exchange Commission (SEC) has taken legal action against Touzi Capital and its CEO, Eng Taing, over allegations of a $115 million fraud scheme that deceived over 1,500 investors across the country.

Cybercriminals targeting cryptocurrencies continue to undermine the industry’s credibility, with nearly $1.5 billion stolen through cyberattacks so far in 2024.

A former senior employee of Binance Europe has filed a lawsuit against the company, claiming she was wrongfully terminated after blowing the whistle on an alleged bribery incident.