Crypto Crime News

Explore the darker side of the crypto industry. Everything from fraudulent initial public offerings and lawsuits to hacks, dark market deals, thefts and kidnappings.

Prosecutors Seek Five-Year Sentence for Bitfinex Hack Mastermind

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.

16.10.2024 19:30 2 min. read Kosta Gushterov

Delhi Police and Binance Collaborate to Combat Major Crypto Scam

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.

16.10.2024 12:00 1 min. read Alexander Zdravkov

What Makes Crypto Exchanges Without KYC Practices Inherently More Risky?

Exchanges that bypass Know Your Customer (KYC) protocols pose several significant risks.

15.10.2024 22:00 1 min. read Alexander Zdravkov

Crypto Fraud Ring in Hong Kong Scams Millions, 27 Arrested

Authorities in Hong Kong have uncovered a fraud group that used “deepfake” technology to misuse $43 million worth of cryptocurrencies, resulting in 27 arrests.

15.10.2024 20:00 1 min. read Alexander Zdravkov

New Scam Using Fake ChatGPT Bots Targets Investors

A new scam has emerged, with the SlowMist security team alerting users about fraudulent arbitrage MEV robots.

14.10.2024 16:00 2 min. read Kosta Gushterov

Cryptocurrency Scam Suspect Escapes House Arrest

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.

12.10.2024 19:00 1 min. read Kosta Gushterov

Changpeng Zhao Issues Warning on Crypto Scams

Binance founder Changpeng ‘CZ’ Zhao has issued a warning about the growing threat of AI-generated deepfake videos circulating online.

12.10.2024 11:00 1 min. read Kosta Gushterov