Crypto Crime News

A recent cyberattack targeting a UK government official’s social media account has highlighted ongoing concerns over digital impersonation and crypto scams.

A former NFT trader is facing potential prison time after admitting to hiding millions in profits from the IRS through undeclared sales of high-value digital assets.

Cybersecurity researchers are sounding the alarm after discovering a new and increasingly sophisticated attack targeting the crypto community.

Australia’s efforts to combat crypto-related fraud have intensified, with the country’s Securities and Investments Commission (ASIC) targeting 95 companies allegedly involved in deceptive schemes like pig butchering scams.

Spanish police have busted a criminal network that used AI to run a global investment scam, arresting six individuals linked to the operation.

Mike McGlone, a senior commodity strategist at Bloomberg, has stirred the crypto community with his latest prediction about Bitcoin’s future price movement.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions targeting a financial network that supports the Houthis, a group backed by Iran that has been responsible for numerous attacks on vessels in the Red Sea and Gulf of Aden.

A U.S. woman recently became the victim of a major cryptocurrency scam, losing millions of dollars after falling for a well-crafted deception.

The first quarter of 2025 has been marked by a significant surge in crypto hacks, with losses totaling over $1.63 billion.

In the past two weeks, Coinbase users may have fallen victim to phishing schemes resulting in an estimated $46 million in losses, as malicious actors continue to exploit the growing interest in cryptocurrency.

A South Korean court recently handed down prison sentences to three individuals involved in a cryptocurrency investment scam that defrauded investors of approximately $460,000.

Indian authorities recently apprehended five individuals, including one woman, involved in a sophisticated crypto scam that defrauded a businessman of nearly $700,000.

Ben Armstrong, known in the crypto community as BitBoy, has recently been arrested in Florida, creating waves throughout the digital currency space.

A security flaw in Abracadabra’s smart contracts has led to a major exploit, with a hacker draining around 6,262 ETH—valued at roughly $13 million—from the protocol’s liquidity pools.

Cryptocurrency scams are becoming an increasing threat as the market grows, with fraudsters creating fake platforms to lure unsuspecting investors.

Zoth, a platform specializing in re-staking real-world assets (RWA), has suffered a significant security breach, resulting in the theft of over $8.4 million in crypto.

Aleksei Andriunin, the CEO of Gotbit, a cryptocurrency market-making platform, has reached a plea agreement with U.S. authorities after being accused of manipulating cryptocurrency markets.

South Korean authorities have launched an investigation into cryptocurrency exchange Bithumb, conducting a raid at its headquarters in connection with allegations that company funds were improperly used to finance real estate purchases by its former CEO.

Microsoft’s security team has recently uncovered a remote access trojan (RAT) targeting cryptocurrency wallets used in Google Chrome.

A surge in phishing emails is hitting crypto users, with scammers posing as Coinbase and Gemini to steal funds.

On Friday, officials from Thailand’s Central Investigation Bureau (CIB) uncovered a significant illegal crypto mining operation, seizing 63 mining machines valued at approximately 2 million baht ($60,000).

Blockchain analytics firm Bubblemaps has uncovered evidence that Hayden Davis, the fugitive behind the LIBRA project and wanted by Interpol, may be the mastermind behind a newly launched cryptocurrency called WOLF.

A law enforcement officer in the UK has found himself in serious legal trouble, facing multiple charges after allegedly stealing a substantial amount of Bitcoin during a 2017 investigation.

An american has been sentenced to over seven years in prison for his involvement in a large-scale drug trafficking operation that relied on cryptocurrency for payments and money laundering.

A former Bank of America employee has admitted to playing a role in an international money laundering network that funneled millions of dollars through fraudulent bank accounts, according to the U.S. Department of Justice (DOJ).

An international arrest warrant has been requested for Hayden Davis, co-creator of the LIBRA token, which became the center of a major political scandal in Argentina.

Chris Larsen, the co-founder of Ripple, suffered a significant financial blow in 2024 when he lost over $661 million worth of XRP due to a security breach in the password management system LastPass.

Venture capitalist and Mission Gate founder George Bachiashvili is now facing imprisonment in Georgia after a court revoked his bail.

Hackers have exploited a vulnerability in DeFi aggregator 1inch’s resolver smart contract, leading to losses of over $5 million, according to blockchain security firm SlowMist.

Tether has taken a significant step by freezing $27 million worth of USDt on the Russian crypto exchange Garantex, which has led to the platform halting its operations.

Hackers who breached Bybit stole $1.4 billion, but CEO Ben Zhou confirmed that $1.07 billion of the stolen funds remains traceable.

Suji Yan, founder of the Web3 browser extension Mask, has suffered a major security breach, losing $4 million in cryptocurrencies.

Binance has issued a strong warning to cryptocurrency users, highlighting the growing threat of phishing scams and fraudulent schemes aimed at stealing digital assets.

Aleksei Andriunin, the founder of the cryptocurrency firm Gotbit, was recently transferred to the U.S. from Portugal after being arrested in October 2024.

Cybercriminals are increasingly targeting GitHub users by creating deceptive repositories to spread malware, particularly designed to steal sensitive information like cryptocurrency details and personal credentials. A

Infini, a stablecoin payment firm, lost $50 million in what appears to be an inside job.

A major breach rocked the cryptocurrency exchange Bybit on Friday when Lazarus, North Korea’s notorious hacking group, stole over $1.5 billion in Ethereum and derivative tokens.

North Korea’s Lazarus Group has been identified as the mastermind behind a massive $1.4 billion Ethereum heist targeting cryptocurrency exchange Bybit, according to blockchain investigator ZachXBT.

Bybit, one of the leading cryptocurrency exchanges, has reportedly suffered a major security breach, with over $1.4 billion worth of digital assets drained from the platform.

Scammers recently attempted to deceive investors by launching a fake meme coin linked to Saudi Arabia’s Crown Prince Mohammed bin Salman.

Concerns over LIBRA’s legitimacy have intensified after blockchain analysts linked the token to other controversial crypto projects, including the MELANIA meme coin.

A man is under arrest after staging a dramatic publicity stunt atop the famous Hollywood sign, where he waved a flag promoting Vigilante Token (VIGI).

Indian authorities have taken action against one of the largest cryptocurrency fraud cases, confiscating nearly $190 million in digital assets linked to Bitconnect.

Dan Morehead, founder and managing partner of Pantera Capital, is under investigation for possible violations of U.S. tax laws after relocating to Puerto Rico, a territory known for its tax advantages.

The FBI is ramping up efforts to combat a rising cryptocurrency scam known as “pig butchering,” where fraudsters build trust with victims before tricking them into fake investments.

A chilling kidnapping case has emerged in Chicago, where six men allegedly took a family and their nanny hostage, demanding a staggering $15 million in cryptocurrency as ransom.

A Turkish court has sentenced Mehmet Aydin, the creator of the fraudulent mobile game Çiftlik Bank, to over 45,000 years in prison after orchestrating a massive Ponzi scheme.

A man from Alabama has admitted to hacking the U.S. Securities and Exchange Commission’s (SEC) X account in a scheme that led to a false Bitcoin ETF approval announcement.

A former senior official in Beijing’s financial sector has been sentenced to 11 years in prison after being found guilty of corruption and laundering money through Bitcoin transactions.

Braden John Karony, ex-CEO of SafeMoon, has filed a request to delay his upcoming trial, hoping that shifting U.S. regulations under the Trump administration might help dismiss some of the charges against him.

Kanye West recently revealed that he was offered $2 million to endorse a fraudulent meme coin using his name.

The Economic and Financial Crimes Commission (EFCC) in Nigeria has dismantled a major cryptocurrency fraud ring, arresting a large number of suspects involved in illicit activities.

After several months of imprisonment, Alexey Pertsev, a key developer behind Tornado Cash, is poised for release from custody on February 7, 2025.

Ransomware payments within the cryptocurrency world have seen a sharp decline in 2024, dropping 35% to $813 million from the previous year’s $1.25 billion.

A 22-year-old Canadian hacker, Andean Medjedovic, is currently on the run after allegedly exploiting a flaw in KyberSwap, a decentralized finance (DeFi) protocol, to steal $48.8 million in cryptocurrency, according to a recent indictment.

Meme coins continue to attract speculators, but their explosive popularity has also fueled a wave of scams.

Fraudsters often initiate contact with casual messages, hoping to lure unsuspecting victims into financial traps involving digital assets.

The UFC’s official Instagram was hijacked last night, with cybercriminals using the account to advertise a fraudulent memecoin.

As artificial intelligence becomes more sophisticated, cybercriminals are looking for ways to manipulate it for their own purposes.

Pump.fun, a Solana-based memecoin platform, is facing a class-action lawsuit accusing it of issuing unregistered securities and generating nearly $500 million in fees.