Crypto Crime News

Alex Mashinsky, the co-founder of Celsius Network, has admitted to charges of fraud related to his role in the company’s downfall.

DMM Bitcoin, a Japanese crypto exchange, is shutting down after failing to recover from a May hack that saw over $320 million in Bitcoin stolen.

The U.S. Securities and Exchange Commission (SEC) has taken legal action against Touzi Capital and its CEO, Eng Taing, over allegations of a $115 million fraud scheme that deceived over 1,500 investors across the country.

Cybercriminals targeting cryptocurrencies continue to undermine the industry’s credibility, with nearly $1.5 billion stolen through cyberattacks so far in 2024.

A former senior employee of Binance Europe has filed a lawsuit against the company, claiming she was wrongfully terminated after blowing the whistle on an alleged bribery incident.

A cryptocurrency exchange was hit by a suspected hack that led to the theft of $1.7 million, prompting the platform to suspend withdrawals.

The increasing popularity of cryptocurrency continues to present attractive investment opportunities, but it has also opened doors for fraudsters targeting inexperienced investors.