Crypto Crime News

The Ronin (RON) bridge recently fell victim to a significant exploit, resulting in a $10 million theft of Ethereum (ETH).

WazirX, the cryptocurrency exchange, has officially filed a First Information Report (FIR) regarding the recent hack that resulted in substantial financial losses.

Errors in crypto refund transactions are not uncommon, as highlighted by a recent case involving an Australian couple.

The Commodity Futures Trading Commission (CFTC) has recently investigated a meme coin fraud case involving prominent crypto YouTuber Ben Armstrong, also known as BitBoy.

The FBI has issued a warning about scammers posing as crypto exchange employees to steal users’ funds.

Montenegro’s Appellate Court has confirmed that Terraform Labs co-founder Do Kwon will be extradited to South Korea, following an earlier decision by the High Court of Podgorica.

The Casper Network has resumed its operations following a temporary shutdown caused by a security breach.

In 2024, centralized finance (CeFi) platforms are emerging as the primary targets for cryptocurrency hacks.

Nader Al-Naji, the founder behind BitClout and Basis, is facing a civil lawsuit from the SEC for allegedly raising over $257 million through an unregistered securities offering. Additionally, he is charged with wire fraud in New York.

Worldcoin, the biometric ID and universal basic income project, has been hit with over $200,000 in fines by authorities in Buenos Aires.

Sanctum Protocol, a key player in the Solana ecosystem, has announced a significant security breach.

WazirX, an Indian cryptocurrency exchange, recently experienced a $230 million loss due to a security breach.

Gemini has notified users to watch for suspicious activity after discovering a breach linked to one of its banking partners.

Kyiv authorities have arrested four individuals in connection with the abduction and murder of a 29-year-old foreign national.

BlackRock has issued a warning about a surge in crypto scams targeting investors in its iShares Bitcoin and Ether ETFs.

A new report from TRM Labs reveals that Russian-speaking hackers dominate the ransomware sector, capturing almost 70% of illicit cryptocurrency earnings in 2023.

Ryan Salame, the former co-CEO of FTX Digital Markets, has requested a 45-day extension on his prison reporting date due to needing medical treatment following a severe dog bite.

This month has seen an increase in crypto hacks, with the latest involving the Casper Network on July 27.

At the Bitcoin Conference 2024 in Nashville, former President Donald Trump made a significant announcement, pledging to commute Ross Ulbricht’s sentence if he wins a second term.

Following a cyberattack that led to the theft of around $230 million, Indian cryptocurrency exchange WazirX has introduced a transparent and fair strategy to recover users’ funds.

Chinese authorities have revealed that four former employees of the prominent cryptocurrency exchange Huobi were involved in a major theft of crypto assets.

The UK’s Financial Conduct Authority (FCA) has fined CB Payments Limited (CBPL), a subsidiary of Coinbase Group, $4.5 million for breaches of anti-money laundering rules.

A recent report by blockchain analytics firm Chainalysis highlights the growing role of cryptocurrency in funding online disinformation campaigns targeting elections.

On July 24, 2024, MonoSwap, a decentralized exchange and staking platform, revealed it had been hacked and advised users to withdraw their funds and avoid adding more.

Europol’s latest report reveals how criminals are increasingly using cryptocurrencies like stablecoins and Monero for illegal activities.

In a recent shocking development, it was reported that Jason Anderson, co-founder of the cryptocurrency company Debt Box, was kidnapped and over $400 million was stolen.

The crypto world is facing another crisis with a sharp increase in criminal activities. Recently, Indian crypto exchange WazirX was hacked, resulting in a loss of $230 million.

Crypto scammers have launched a new phishing attack using fake Zoom links to install malware on victims’ computers.

An FTX claims broker with experience in Mt Gox, Celsius, and Voyager Digital cases has been mandated to return $1.9 million after using embezzled funds for personal luxury and crypto investments.

Gemini, a well-known cryptocurrency exchange, and IRA Financial Trust, a platform for self-directed retirement accounts, have reportedly settled a legal dispute related to a cyberattack in 2022.

Worldcoin (WLD) is under fire following allegations of price manipulation, which have raised concerns about the integrity of its market activities.

Earlier this month, a security lapse at a bank used by Coinbase compromised the personal details of over 150 customers.

Players of the popular Telegram-based game Hamster Kombat are being targeted by phishing attacks, with scammers seeking to exploit the game’s viral popularity. Hamster Kombat has become one of the fastest-growing mobile games, attracting millions of new users daily.

Cryptocurrency hacks and scams are on the rise again with tens of millions of dollars being stolen.

The founder of the shut down crypto exchange Bitzlato has been released after serving 18 months in jail.

Indian cryptocurrency exchange WazirX has reported a significant security breach and announced that it is currently investigating the incident, which has led to a temporary suspension of both Indian rupee (INR) and cryptocurrency withdrawals.

Chainalysis has unveiled the results of Operation Spincaster, an extensive initiative aimed at combating “approval phishing” scams, a type of fraud that has caused significant financial losses in the cryptocurrency sector since May 2021.

A federal judge has ruled that Robinhood must pay $9 million to settle a lawsuit over its referral program, which was found to breach consumer protection laws by sending unsolicited messages.

The FBI and the Royal Thai Police have uncovered a “pig butchering” scheme in which US victims were defrauded of over $2.5 million dollars in Tether (USDT).

Amidst the ongoing payment of the money owed to the affected users in the Mt.Gox hack, attempts have been registered for unauthorized access to their accounts.

Reports are surfacing that a cryptocurrency exchange has been drained of $234 million.

A crypto protocol just lost millions of dollars in altcoins during a major security breach, as reported by Cyvers Alerts.

In a significant legal development, Tether and Bitfinex are embroiled in a revised class action lawsuit alleging market manipulation and antitrust violations.

Recent developments suggest that the Lazarus Group, a notorious state-sponsored hacking entity, may be behind the $305 million breach of Japanese crypto exchange DMM Bitcoin.

A victim of a $24 million phishing attack has received a partial refund after the perpetrator voluntarily returned some of the stolen funds.

The legal dispute between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC) may reach a pivotal moment this week as both parties are set to convene in a closed-door meeting on Thursday, July 18, 2024.

CoinStats, a prominent crypto-tracking platform, has provided further details regarding its June security incident.

Tether took froze 29.62 million USDT tokens associated with criminal activities involving Cambodia’s Huione Group.

UK authorities have seized Monero (XMR) from a drug dealer who admitted to selling dangerous ‘weight loss pills.’

Alexey Pertsev, the developer of the Tornado Cash protocol, has been denied release by a Dutch court on July 12.

Compound Labs issued an urgent alert, confirming that their website may have been compromised.

Amidst ongoing demands for regulatory clarity in the crypto sector, a pivotal issue has emerged regarding the classification of stablecoins – digital assets usually tied to and supported by the U.S. dollar – as securities.

Malaysian authorities have uncovered a staggering case of electricity theft amounting to $725 million by illegal Bitcoin miners between 2018 and 2023.

The US Department of Justice announced that BitMEX has pleaded guilty to violating the Bank Secrecy Act due to operating without a sufficient AML program from 2015 to 2020.

A former spa worker from New York faces charges related to an alleged murder-for-bitcoin plot involving threats to dismember a victim and solicit a neighbor’s help in disposing of a body.

Bitwise Asset Management faces a lawsuit from Vandelay Industries on behalf of a family, accusing the company of financial misconduct and seeking $2 million in damages.

A former compliance officer at Crypto.com, registered in Malta as Foris Dax MT Limited, faces serious charges of extortion and money laundering.

Artur Schaback, co-founder and former CTO of Paxful, faces up to five years in prison after admitting to failing to implement essential Anti-Money Laundering (AML) protocols at the cryptocurrency exchange.

Several Coinbase users recently fell victim to scams involving impersonators posing as Coinbase representatives, resulting in significant losses.

William Lonergan Hill, co-founder of Samourai Wallet, has been granted bail after being arrested in April for money laundering and operating an unlicensed money transmitting business. The specific terms of his bail are still under negotiation.