Explore the darker side of the crypto industry. Everything from fraudulent initial public offerings and lawsuits to hacks, dark market deals, thefts and kidnappings.
Since Bitcoin’s inception in 2009, it initially struggled to gain recognition as a groundbreaking technology, often being dismissed as a scam or fraud.
Former Binance CEO Changpen Zhao is nearing the end of his four-month prison sentence, with his release scheduled for September 29, according to the US Federal Bureau of Prisons.
The notorious hacking group known for its crypto thefts has lost access to nearly $5 million in stablecoins, following actions taken by stablecoin issuers to freeze the funds.
Binance has issued a warning about a malware attack targeting its users, which alters cryptocurrency withdrawal addresses.
Prosecutors have introduced new internal documents from Bithumb in their ongoing case against Lee Sang-joon, the exchange’s former CEO.
Sam Bankman-Fried, the former CEO and co-founder of FTX currently serving a prison sentence, has filed an appeal seeking to overturn his fraud conviction, according to court documents submitted on Friday.
Caroline Ellison, former CEO of Alameda Research, is seeking to avoid a prison sentence as her court date approaches.