Crypto Crime News

The Federal Trade Commission (FTC) has revealed a dramatic increase in scams involving Bitcoin ATMs, with reported cases rising tenfold since 2020.

Cryptocurrency phishing incidents saw a dramatic increase of over 215% in August, largely due to one major attack that resulted in losses of more than $55 million.

Scottish law enforcement has successfully converted 23.5 Bitcoin into cash, following a robbery in March 2020.

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).