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.

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

FTX Seeks Settlement with Caroline Ellison, Demanding Asset Turnover

FTX has filed a motion to settle with Caroline Ellison, the former Alameda Research CEO, requiring her to relinquish nearly all her assets.

09.10.2024 17:30 1 min. read Kosta Gushterov

Ex-Attorney Sentenced for $14 Million Crypto Ponzi Scheme

A former California attorney, 86-year-old David Kagel, has received a five-year probation sentence and a nearly $14 million restitution order after admitting to orchestrating a crypto Ponzi scheme.

09.10.2024 15:30 1 min. read Alexander Stefanov

Former Russian Investigator Sentenced to 16 Years for a Bitcoin Bribe

Marat Tambiyev, the former chief investigator of Russia’s Investigative Committee, has been sentenced to 16 years in prison due to corruption charges.

09.10.2024 14:30 2 min. read Alexander Stefanov

U.S. Agency Issues Warning on Ransomware Targeting Sensitive Data in Healthcare

A recent alert from a U.S. government agency highlights the growing threat of Trinity ransomware, notorious for demanding cryptocurrency payments from victims while threatening to disclose sensitive information.

08.10.2024 13:30 1 min. read Kosta Gushterov

U.S. Government Targets Stolen Crypto Assets from North Korean Hackers

On October 4, 2024, the U.S. government took legal steps to recover over $2.67 million in digital assets that were allegedly pilfered by North Korea’s Lazarus Group.

08.10.2024 15:30 1 min. read Alexander Stefanov

Binance Rejects Request to Freeze 86% of Palestinian Wallets Targeted by Israel

Binance, the world’s largest cryptocurrency exchange, has rejected 86% of Israeli military requests to freeze crypto wallets linked to Palestinians and others due to a lack of sufficient evidence.

07.10.2024 14:00 1 min. read Kosta Gushterov