When privacy is at stake, how do tech leaders respond to government demands? Take a look at the tactics of the Big Five.
The entire reserve of PUSH tokens held on WazirX was stolen following the recent security breach, resulting in the theft of over $230 million in digital assets. The hack, which occurred on July 18, 2024, has sent shockwaves through the crypto community and led to a significant drop in the value of affected tokens. Per Push Protocol, […]
The post 5 million of circulating PUSH supply stolen in WazirX hack, token falls 48% appeared first on CryptoSlate.
DeFi platform Compound Finance has suffered a significant security breach that has affected its official website. The protocol’s domain has been hijacked and is currently hosting a phishing site, posing a severe user risk. Per Compound Labs’ official X account, the company issued an urgent warning at 10:15 A.M. on July 11, stating, “The Compound […]
The post Compound Finance confirms website hack redirecting users to phishing site appeared first on CryptoSlate.
A fake Phantom wallet app in the Apple Store is reported to drain assets upon account recovery with a private key. Phantom Wallet and Solana users have been alerted to the fraudulent app mimicking the legitimate Phantom Wallet. The fake app, published by Meta Voxify and with poor 1-star reviews, appears as an ad and […]
The post Fake Phantom wallet promoted in iOS AppStore drains users funds appeared first on CryptoSlate.
The crypto ecosystem experienced significant losses in the second quarter of 2024, with a total of $572.7 million lost due to hacks and frauds — up 112% compared to the same period a year ago, according to Immunefi’s latest quarterly breakdown report. Meanwhile, year-to-date (YTD) losses due to hacks and frauds have reached $920.9 million, […]
The post Crypto losses stemming from hacks, rug pulls up 112% YoY – Immunefi appeared first on CryptoSlate.
Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world's largest cryptocurrency exchange.
"The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes," the Treasury said.
Jian Wen, 42, who was alleged to have carrying out the laundering on behalf of her former boss, was found guilty in March.
U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl.
Solana-based DeFi memecoin platform Pump.fun experienced a significant breach on May 16 when an exploiter apparently utilized flash loans to manipulate the platform’s bonding curve contracts. The platform has since paused all trading activities. In a statement on social media, Pump.fun acknowledged the exploit and assured users that the platform is investigating the issue. The […]
The post Pump.fun halts trading after suffering flash loan exploit appeared first on CryptoSlate.
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme.
Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning. The firm said: “Are we mistaken, or has someone truly lost $68 million worth of WBTC? Our system has detected another address falling victim to address poisoning, losing 1,155 WBTC.” Meir […]
The post Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet appeared first on CryptoSlate.
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.
The UK government enacted new laws on April 26 that grant the National Crime Agency (NCA) and police enhanced powers to seize, freeze, and destroy digital assets linked to criminal activities. The new measures aim to disrupt the financial networks of organized crime groups that increasingly exploit cryptocurrencies to launder money . These legislative changes […]
The post UK law enforcement given new powers to seize, destroy digital assets linked to criminals appeared first on CryptoSlate.
US Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) are urging US authorities to crack down on the use of crypto in the illegal trade of child sexual abuse material (CSAM). The lawmakers raised the alarm in an April 26 bipartisan letter addressed to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas. Crypto […]
The post Warren calls on DOJ, NHS to crackdown on crypto payments for child sexual abuse material appeared first on CryptoSlate.
Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.
Could a recent US criminal court case involving digital assets trading be helpful to Coinbase in its defense against the SEC? Last week, Avraham Eisenberg was convicted in a groundbreaking case on digital asset commodities fraud for manipulating Mango Markets to illicitly withdraw $110 million. On October 11, 2022, Eisenberg manipulated the price of futures […]
The post Could Esienberg commodities conviction be smoking gun for Coinbase against SEC? appeared first on CryptoSlate.
US Senators Elizabeth Warren and Charles Grassley have formally requested a detailed accounting of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request was made in an April 12 letter and aims to shed light on potential regulatory failures following Bankman-Fried’s recent 25-year […]
The post Senators demand detailed accounting of CFTC’s interactions with SBF appeared first on CryptoSlate.
Sam Bankman-Fried, the former CEO of FTX, was sentenced to 25 years in jail today in a packed courtroom, marking a significant moment in the legal scrutiny of the crypto industry. He will be 57 years old when he is released. The sentencing, as detailed by Inner City Press, comes after a series of legal […]
The post Former FTX CEO Sam Bankman-Fried sentenced to 25 years in landmark fraud case appeared first on CryptoSlate.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 13 entities and two individuals for operating in the financial services and technology sectors of the Russian economy, including those developing or offering services in virtual assets that reportedly enable the evasion of US sanctions, as reported by the Treasury Department […]
The post United States OFAC places new sanctions on crypto firms with ties to Russia appeared first on CryptoSlate.
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime.
A crime bill passed last year gave law enforcement agencies more power to seize and freeze crypto.
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
The latest bust is another salvo in China’s war on capital flight — which some believe is the real reason behind the country’s continued ban on cryptocurrencies.
Senator Warren thinks all crypto people are crooks. We obviously agree. 100%.
The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes.
The blowups of his UST and LUNA tokens fueled a crisis that gripped the whole crypto industry in 2022, causing losses that reverberated far and wide.