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.

Woman Faces 18-Month Sentence for Role in Massive Bitfinex Bitcoin Laundering Scheme

Heather Morgan, also known as the rapper “Razzlekhan,” is facing an 18-month jail term as U.S. prosecutors pursue charges related to her involvement in laundering 120,000 BTC.

11.10.2024 16:00 1 min. read Alexander Zdravkov

SEC Sues Cumberland for Unregistered Crypto Trading, Firm Vows to Fight Back

On October 10, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Cumberland DRW, accusing the firm of operating as an unregistered dealer.

11.10.2024 9:30 2 min. read Alexander Stefanov

Upbit Faces Monopoly Investigation in South Korea

South Korean lawmakers have launched an investigation into Upbit, the nation’s largest cryptocurrency exchange, amid concerns about its monopolistic influence in the virtual asset market.

10.10.2024 19:00 1 min. read Alexander Stefanov

FBI Launches New Cryptocurrency to Expose Fraudsters

The FBI reportedly launched its own cryptocurrency, ‘NexFundAI Token,’ as part of a sting operation to expose and apprehend fraudulent actors in the crypto space.

10.10.2024 9:30 1 min. read Alexander Stefanov

U.S. Prosecutors File First Market Manipulation Charges in Crypto Industry

U.S. prosecutors have unveiled charges against four crypto companies and 14 individuals in what they describe as the first criminal case addressing market manipulation and fraud in the digital currency space.

10.10.2024 8:30 1 min. read Kosta Gushterov

Court Reaches Decision Regarding Bitfinex and Stolen Bitcoin

A recent ruling by the U.S. District Court for the District of Columbia indicates that Bitfinex is likely the sole entity eligible for restitution concerning the 119,754 BTC that was stolen during the notorious 2016 hack.

10.10.2024 9:00 1 min. read Alexander Zdravkov

Revolut Prevents Major Fraudulent Transactions in 2023 Amid Crypto Expansion

Revolut, the digital banking app, reported blocking over $621 million in potentially fraudulent transactions involving both crypto and fiat currencies during 2023.

09.10.2024 21:30 1 min. read Alexander Stefanov