Crypto Crime News

The Dutch Authority for the Financial Markets (AFM) has warned of the risks of “pump and dump” schemes in the cryptocurrency sector ahead of the introduction of new rules.

A significant crypto incident has led to the loss of over $32 million in tokens after a whale mistakenly executed a malicious transaction, according to blockchain security firm ScamSniffer.

Authorities recently confiscated over $6 million in cryptocurrency linked to scammers based in Southeast Asia who targeted U.S. citizens with fraudulent investment schemes.

Executive Adam Iza connected to the Zort platform, is facing serious allegations of running an extortion operation involving officials from the Los Angeles County Sheriff’s Department (LASD), according to the FBI.

A recent security breach at the crypto liquid restaking platform Bedrock resulted in a loss of around $2 million due to a smart contract vulnerability in its uniBTC vaults.

A U.S. federal judge has ruled that Roman Storm, co-founder of Tornado Cash, will face trial as his motions to dismiss the charges and compel discovery were denied.

Binance co-founder Changpeng Zhao, commonly known as “CZ” in the crypto community, was released from prison on Friday, September 27, after serving a four-month sentence for inadequate anti-money laundering (AML) compliance.