Crypto Crime News

A wallet connected to the hacker who stole over $235 million from the Indian crypto exchange WazirX recently moved $6.5 million through the sanctioned crypto mixer Tornado Cash.

WazirX users have been informed that they might lose over 40% of their funds due to a $234 million hack that occurred in July.

On Monday, the trial of Binance executive Tigran Gambaryan resumed in Abuja, Nigeria, with Gambaryan arriving at court on crutches and in visible distress after being denied a wheelchair, according to a statement from his family.

The ongoing legal case between Binance and the U.S. Securities and Exchange Commission (SEC) is seeing notable developments, particularly concerning Binance’s co-founder, Changpeng Zhao (CZ).

South Korean authorities have apprehended the leader of a $12 million cryptocurrency scam who attempted to evade capture by undergoing nearly $16,000 worth of plastic surgery.

Elon Musk and Tesla successfully defended against a class action lawsuit in 2022, which accused Musk of influencing Dogecoin’s market to the detriment of investors.

In 2024, cryptocurrency thefts have soared to over $1.2 billion, following a spate of recent security breaches.

The Delhi High Court has directed the Indian Ministry of Communications to swiftly address the issue of 38 fraudulent websites masquerading as the cryptocurrency exchange Mudrex.

Amid a bullish trend in the cryptocurrency market, the prevalence of fraudulent decentralized applications (DApps) using the notorious Inferno Drainer tool has surged dramatically.

Kylian Mbappe’s X account was recently hacked, and the attacker used it to promote an altcoin called MBAPPE.

Hugo Hyungsoo Lee, CEO of Haru Invest, was attacked in a Seoul courtroom while his company faces serious fraud allegations.

In the past year, Australians have lost AU$180 million (US$122 million) to cryptocurrency scams, with most victims being under 50 years old, according to a recent report from the Australian Federal Police (AFP).

The U.S. Securities and Exchange Commission (SEC) has intensified its crackdown on crypto fraud, focusing on Triten Financial Group and GCZ Global, led by Jonathan and Tanner Adam.

India is ramping up its investigation into Telegram following the recent arrest of CEO Pavel Durov in France.

Former Chinese billionaire Yang Bin has been sentenced to six years in a Singapore prison for orchestrating a fraudulent crypto investment scheme.

Apple Mac users are facing a new security threat from malware known as “Cthulhu Stealer,” which is designed to compromise personal data and cryptocurrency wallets.

Thai authorities recently uncovered an illegal Bitcoin mining operation in Ratchaburi, a town near Bangkok, after residents complained about persistent power outages.

Blockchain analytics firm Arkham is rolling out a bounty program to track down the owners of crypto wallets involved in a digital asset scam.

Polygon is dealing with a serious security breach just before a major network upgrade. The project’s Discord channel has been compromised, raising concerns about potential phishing scams targeting users ahead of the MATIC to POL token swap.

On Thursday, speculation spread on social media that Changpeng Zhao, the co-founder and former CEO of Binance, had been released from prison early.

Crypto exchange WazirX, which was recently hit by a $230 million cyberattack, has announced that it will allow partial withdrawals in Indian Rupees (INR) starting from August 26.

U.S. District Judge William H. Orrick has ordered Kraken, the prominent cryptocurrency exchange, to respond to SEC charges of securities law violations within 20 days.

Bloomberg has reported that cryptocurrency exchange Kraken may face legal action from the U.S. Securities and Exchange Commission (SEC) for not registering as a cryptocurrency exchange.

According to an August 5 report from Moonlock Lab, the “Atomic macOS” (AMOS) malware is experiencing a resurgence, appearing in Google Adsense ads masquerading as legitimate macOS programs like Loom, Figma, and TunnelBlick.

China has successfully extradited a suspect identified as Zhang from Thailand, who is accused of orchestrating a $14 billion cryptocurrency pyramid scheme.

Andreas Szakacs, a co-founder of the controversial crypto company OmegaPro, was apprehended in Turkey in July.

Michelle Bond, a former Ripple executive, faces charges from the U.S. Department of Justice for allegedly participating in illegal campaign contributions.

A recent report sheds light on the challenges faced by cryptocurrencies after being hacked, revealing that many never regain their pre-attack value.

Polish citizen Roman Siemian, co-founder of digital currency trading platform FutureNet, has been detained in Montenegro in connection with allegations that he defrauded users of approximately $21 million.

Malaysian officials have dismantled 985 bitcoin mining rigs valued at approximately 1.98 million Malaysian ringgits ($452,500), as part of an ongoing effort to combat electricity theft associated with cryptocurrency mining.

A class action lawsuit has been initiated against Binance and its CEO, Changpeng Zhao, in the U.S. District Court for the Western District of Washington.

German authorities have seized $28 million in cash and 13 cryptocurrency ATMs in a major nationwide crackdown on unauthorized activities.

Jupiter, a decentralized exchange aggregator, has issued a warning about a new fraudulent browser extension that targets Solana users.

Former NBA star Shaquille O’Neal is facing legal scrutiny in an ongoing class-action lawsuit involving Astral NFTs.

Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), has been implicated in a major fraud scheme involving cryptocurrency, resulting in the bank’s collapse.

In a dramatic development highlighting the extent of cryptocurrency fraud, Shailesh Babulal Bhatt from Gujarat, India, has been detained for his involvement in the kidnapping of two individuals linked to Satish Kumbhani, the founder of the notorious BitConnect platform.

Australia’s financial regulator, ASIC, has dismantled over 600 crypto scams in the past year, highlighting the evolving use of AI by fraudsters.

A Nigerian court has issued a freeze on nearly $38 million in cryptocurrency out of a total $50 million that was allegedly donated to support protests against the country’s rising living expenses.

A New Zealand judge has ruled that Kim Dotcom, the creator of Megaupload and the failed Bitcache crypto platform, will be extradited to the United States, 12 years after his arrest.

French authorities have arrested several individuals linked to the June 13 cyberattack on the Holograph protocol.

A recent report shows a decline in overall illegal cryptocurrency transactions in 2024, but highlights an increase in certain types of crypto crime.

Australia’s competition watchdog has uncovered that a significant portion of cryptocurrency ads on Facebook are either fraudulent or in violation of Meta’s guidelines.

Iran is offering a $20 reward to citizens who report unauthorized cryptocurrency miners as the country deals with power shortages and a severe heatwave.

David Smillie, founder of the now-defunct Canadian crypto exchange ezBtc, is facing allegations of embezzling CAD 13 million (USD 9.5 million) from his users, reportedly using the funds for gambling.

WazirX, the cryptocurrency exchange that was recently hacked, has provided an update on its efforts to restore user balances for trades conducted between July 18 and 21.

Tigran Gambaryan, the Chief Financial Crime Compliance Officer at Binance, is encountering severe setbacks in his detention saga in Nigeria.

Authorities in South Korea have arrested the CEO of Wacon, Byun Young-oh, and Vice Chairman Yim Mo-Soo for their roles in a large-scale cryptocurrency fraud.

The U.S. Securities and Exchange Commission (SEC) has recently filed charges against NovaTech and its leaders over a massive cryptocurrency fraud worth $650 million.

A new cryptocurrency scam involving QR codes is emerging, according to the analytics firm Bitrace.

The legal struggle of Tornado Cash developer Alexey Pertsev has reached a critical point as he seeks new funding to continue his defense.

Celsius Network Ltd. has filed a lawsuit against Tether and its affiliates, accusing them of engaging in “fraudulent” and “preferential” transfers involving over $2 billion in Bitcoin (BTC).

Ripple has recently cautioned its community about a surge in fraudulent schemes targeting XRP holders.

The Supreme Court of Montenegro has once again postponed the extradition of Terra (LUNA) co-founder Do Kwon to South Korea.

Irish police has seized €6.5 million ($7.1 million) in cryptocurrency from three individuals arrested in Dublin for suspected involvement in dark web crimes and money laundering.

Ripple was penalized with a fine of only $125 million for their institutional sales, while cryptocurrency exchange transactions were declared lawful.

WazirX, India’s leading cryptocurrency exchange, has announced that it will reverse all user account transactions following a cyber attack on July 18, 2024.

A major transfer of 14,500 ETH, worth about $35.2 million, has been traced to Tornado Cash, a crypto mixing platform, linked to the Nomad Bridge hack of August 2022.

London’s High Court has issued a global freeze on assets tied to individuals involved in the OneCoin scam, including Ruja Ignatova, known as the ‘Cryptoqueen’.

São Paulo’s Civil Police have uncovered and dismantled a major money laundering operation linked to the drug cartel First Capital Command (PCC).

The defunct crypto exchange FTX and trading company Alameda Research have been ordered to pay $12.7 billion to creditors, according to a recent ruling by U.S. District Judge Peter Castell in New York.