Explore the darker side of the crypto industry. Everything from fraudulent initial public offerings and lawsuits to hacks, dark market deals, thefts and kidnappings.
Ilya Lichtenstein, the architect behind the largest hack of the crypto exchange Bitfinex, is facing a recommendation of five years in prison from U.S. prosecutors, according to statements made in a Washington district court.
In a significant operation, the Delhi Police, with the assistance of Binance, have seized over 100,000 USDT connected to a fraudulent scheme in India.
Exchanges that bypass Know Your Customer (KYC) protocols pose several significant risks.
Authorities in Hong Kong have uncovered a fraud group that used “deepfake” technology to misuse $43 million worth of cryptocurrencies, resulting in 27 arrests.
A new scam has emerged, with the SlowMist security team alerting users about fraudulent arbitrage MEV robots.
According to CNBC, Horst Jiha, a German citizen who was under house arrest after being accused of running a $150 million cryptocurrency fraud scheme, has disappeared.
Binance founder Changpeng ‘CZ’ Zhao has issued a warning about the growing threat of AI-generated deepfake videos circulating online.