Crypto Crime News

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.

Cybersecurity firm SlowMist reports that the Ethereum ecosystem has lost $400 million to exploits so far this year, amid a 50% rise in crypto hacking incidents.

Northern Data, a company with stakes in both cryptocurrency and AI infrastructure, is currently facing a lawsuit filed in California by former executives Joshua Porter and Gulsen Kama.

Sam “SBF” Bankman-Fried, founder of the defunct FTX crypto exchange, is embroiled in a financial scandal involving over $100 million in misused company assets for political contributions.

A U.S. federal court has ordered Sam Ikkurty, a fraudulent crypto hedge fund owner, to repay nearly $84 million to investors deceived by his Ponzi-like scheme.

On July 3, the Bittensor (TAO) blockchain was temporarily suspended due to an attack on several user wallets, resulting in at least one of them losing $8 million.

Judge Amy Berman Jackson rejected the Securities and Exchange Commission’s (SEC) claim that secondary sales of BNB coins on Binance qualify as securities under the Howey test.

News recently emerged from Izmir, Turkey, of a tragic incident, with one of those involved being Ridvan Kahraman, who fatally shot his wife in the head.

Matthew Miller, spokesman for the US State Department, has announced a reward of up to $5 million for information leading to the capture of “crypto thief” Ruzha Ignatova.

Coinbase has filed lawsuits against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for failing to comply with Freedom of Information Act (FOIA) requests.

CoinStats, a crypto wallet app, temporarily suspended operations due to a security breach that affected 1,590 wallets, or 1.3% of all users.

CoinStats, a crypto wallet app, has temporarily suspended operations due to a security breach that affected 1,590 wallets, or 1.3% of all users.