Crypto Crime News

Jupiter, a decentralized exchange aggregator, has issued a warning about a new fraudulent browser extension that targets Solana users.

Former NBA star Shaquille O’Neal is facing legal scrutiny in an ongoing class-action lawsuit involving Astral NFTs.

Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), has been implicated in a major fraud scheme involving cryptocurrency, resulting in the bank’s collapse.

In a dramatic development highlighting the extent of cryptocurrency fraud, Shailesh Babulal Bhatt from Gujarat, India, has been detained for his involvement in the kidnapping of two individuals linked to Satish Kumbhani, the founder of the notorious BitConnect platform.

Australia’s financial regulator, ASIC, has dismantled over 600 crypto scams in the past year, highlighting the evolving use of AI by fraudsters.

A Nigerian court has issued a freeze on nearly $38 million in cryptocurrency out of a total $50 million that was allegedly donated to support protests against the country’s rising living expenses.

A New Zealand judge has ruled that Kim Dotcom, the creator of Megaupload and the failed Bitcache crypto platform, will be extradited to the United States, 12 years after his arrest.

French authorities have arrested several individuals linked to the June 13 cyberattack on the Holograph protocol.

A recent report shows a decline in overall illegal cryptocurrency transactions in 2024, but highlights an increase in certain types of crypto crime.

Australia’s competition watchdog has uncovered that a significant portion of cryptocurrency ads on Facebook are either fraudulent or in violation of Meta’s guidelines.

Iran is offering a $20 reward to citizens who report unauthorized cryptocurrency miners as the country deals with power shortages and a severe heatwave.

David Smillie, founder of the now-defunct Canadian crypto exchange ezBtc, is facing allegations of embezzling CAD 13 million (USD 9.5 million) from his users, reportedly using the funds for gambling.

WazirX, the cryptocurrency exchange that was recently hacked, has provided an update on its efforts to restore user balances for trades conducted between July 18 and 21.

Tigran Gambaryan, the Chief Financial Crime Compliance Officer at Binance, is encountering severe setbacks in his detention saga in Nigeria.

Authorities in South Korea have arrested the CEO of Wacon, Byun Young-oh, and Vice Chairman Yim Mo-Soo for their roles in a large-scale cryptocurrency fraud.

The U.S. Securities and Exchange Commission (SEC) has recently filed charges against NovaTech and its leaders over a massive cryptocurrency fraud worth $650 million.

A new cryptocurrency scam involving QR codes is emerging, according to the analytics firm Bitrace.

The legal struggle of Tornado Cash developer Alexey Pertsev has reached a critical point as he seeks new funding to continue his defense.

Celsius Network Ltd. has filed a lawsuit against Tether and its affiliates, accusing them of engaging in “fraudulent” and “preferential” transfers involving over $2 billion in Bitcoin (BTC).

Ripple has recently cautioned its community about a surge in fraudulent schemes targeting XRP holders.

The Supreme Court of Montenegro has once again postponed the extradition of Terra (LUNA) co-founder Do Kwon to South Korea.

Irish police has seized €6.5 million ($7.1 million) in cryptocurrency from three individuals arrested in Dublin for suspected involvement in dark web crimes and money laundering.

Ripple was penalized with a fine of only $125 million for their institutional sales, while cryptocurrency exchange transactions were declared lawful.

WazirX, India’s leading cryptocurrency exchange, has announced that it will reverse all user account transactions following a cyber attack on July 18, 2024.

A major transfer of 14,500 ETH, worth about $35.2 million, has been traced to Tornado Cash, a crypto mixing platform, linked to the Nomad Bridge hack of August 2022.

London’s High Court has issued a global freeze on assets tied to individuals involved in the OneCoin scam, including Ruja Ignatova, known as the ‘Cryptoqueen’.

São Paulo’s Civil Police have uncovered and dismantled a major money laundering operation linked to the drug cartel First Capital Command (PCC).

The defunct crypto exchange FTX and trading company Alameda Research have been ordered to pay $12.7 billion to creditors, according to a recent ruling by U.S. District Judge Peter Castell in New York.

The Ronin (RON) bridge recently fell victim to a significant exploit, resulting in a $10 million theft of Ethereum (ETH).

WazirX, the cryptocurrency exchange, has officially filed a First Information Report (FIR) regarding the recent hack that resulted in substantial financial losses.

Errors in crypto refund transactions are not uncommon, as highlighted by a recent case involving an Australian couple.

The Commodity Futures Trading Commission (CFTC) has recently investigated a meme coin fraud case involving prominent crypto YouTuber Ben Armstrong, also known as BitBoy.

The FBI has issued a warning about scammers posing as crypto exchange employees to steal users’ funds.

Montenegro’s Appellate Court has confirmed that Terraform Labs co-founder Do Kwon will be extradited to South Korea, following an earlier decision by the High Court of Podgorica.

The Casper Network has resumed its operations following a temporary shutdown caused by a security breach.

In 2024, centralized finance (CeFi) platforms are emerging as the primary targets for cryptocurrency hacks.

Nader Al-Naji, the founder behind BitClout and Basis, is facing a civil lawsuit from the SEC for allegedly raising over $257 million through an unregistered securities offering. Additionally, he is charged with wire fraud in New York.

Worldcoin, the biometric ID and universal basic income project, has been hit with over $200,000 in fines by authorities in Buenos Aires.

Sanctum Protocol, a key player in the Solana ecosystem, has announced a significant security breach.

WazirX, an Indian cryptocurrency exchange, recently experienced a $230 million loss due to a security breach.

Gemini has notified users to watch for suspicious activity after discovering a breach linked to one of its banking partners.

Kyiv authorities have arrested four individuals in connection with the abduction and murder of a 29-year-old foreign national.

BlackRock has issued a warning about a surge in crypto scams targeting investors in its iShares Bitcoin and Ether ETFs.

A new report from TRM Labs reveals that Russian-speaking hackers dominate the ransomware sector, capturing almost 70% of illicit cryptocurrency earnings in 2023.

Ryan Salame, the former co-CEO of FTX Digital Markets, has requested a 45-day extension on his prison reporting date due to needing medical treatment following a severe dog bite.

This month has seen an increase in crypto hacks, with the latest involving the Casper Network on July 27.

At the Bitcoin Conference 2024 in Nashville, former President Donald Trump made a significant announcement, pledging to commute Ross Ulbricht’s sentence if he wins a second term.

Following a cyberattack that led to the theft of around $230 million, Indian cryptocurrency exchange WazirX has introduced a transparent and fair strategy to recover users’ funds.

Chinese authorities have revealed that four former employees of the prominent cryptocurrency exchange Huobi were involved in a major theft of crypto assets.

The UK’s Financial Conduct Authority (FCA) has fined CB Payments Limited (CBPL), a subsidiary of Coinbase Group, $4.5 million for breaches of anti-money laundering rules.

A recent report by blockchain analytics firm Chainalysis highlights the growing role of cryptocurrency in funding online disinformation campaigns targeting elections.

On July 24, 2024, MonoSwap, a decentralized exchange and staking platform, revealed it had been hacked and advised users to withdraw their funds and avoid adding more.

Europol’s latest report reveals how criminals are increasingly using cryptocurrencies like stablecoins and Monero for illegal activities.

In a recent shocking development, it was reported that Jason Anderson, co-founder of the cryptocurrency company Debt Box, was kidnapped and over $400 million was stolen.

The crypto world is facing another crisis with a sharp increase in criminal activities. Recently, Indian crypto exchange WazirX was hacked, resulting in a loss of $230 million.

Crypto scammers have launched a new phishing attack using fake Zoom links to install malware on victims’ computers.

An FTX claims broker with experience in Mt Gox, Celsius, and Voyager Digital cases has been mandated to return $1.9 million after using embezzled funds for personal luxury and crypto investments.

Gemini, a well-known cryptocurrency exchange, and IRA Financial Trust, a platform for self-directed retirement accounts, have reportedly settled a legal dispute related to a cyberattack in 2022.

Worldcoin (WLD) is under fire following allegations of price manipulation, which have raised concerns about the integrity of its market activities.

Earlier this month, a security lapse at a bank used by Coinbase compromised the personal details of over 150 customers.