Crypto Crime News

Indian cryptocurrency exchange WazirX has reported a significant security breach and announced that it is currently investigating the incident, which has led to a temporary suspension of both Indian rupee (INR) and cryptocurrency withdrawals.

Chainalysis has unveiled the results of Operation Spincaster, an extensive initiative aimed at combating “approval phishing” scams, a type of fraud that has caused significant financial losses in the cryptocurrency sector since May 2021.

A federal judge has ruled that Robinhood must pay $9 million to settle a lawsuit over its referral program, which was found to breach consumer protection laws by sending unsolicited messages.

The FBI and the Royal Thai Police have uncovered a “pig butchering” scheme in which US victims were defrauded of over $2.5 million dollars in Tether (USDT).

Amidst the ongoing payment of the money owed to the affected users in the Mt.Gox hack, attempts have been registered for unauthorized access to their accounts.

Reports are surfacing that a cryptocurrency exchange has been drained of $234 million.

In a significant legal development, Tether and Bitfinex are embroiled in a revised class action lawsuit alleging market manipulation and antitrust violations.