Prosecutors said they have no plans to alter the charges against Do Kwon despite a policy shift memo from deputy attorney general.
Griffith pleaded guilty to one count of conspiracy to violate international sanctions after giving a talk at a crypto conference in Pyongyang in 2019.
Griffith, known for his contributions to the Ethereum Name Service, pleaded guilty to sanctions violations after giving a presentation in North Korea.
Australia’s financial regulator has shut down 95 companies linked to crypto and romance scams. On April 7, the Australian Securities and Investments Commission (ASIC) announced that the Federal Court approved its request to dissolve these entities due to misconduct and fake registrations. ASIC revealed that these companies had been set up using false details and […]
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The DOJ closed a crypto hit squad established by Biden's government as agencies align with President's Trump pro-blockchain administration.
The alleged scammer behind the ZKasino rug pull has reportedly lost over $27 million in a high-risk Ethereum trade as crypto market turbulence continues to catch overleveraged traders. On April 7, blockchain analytics platform Onchain Lens revealed that the scammer had exited a 20x leveraged long position on ETH using the Hyperliquid trading platform. The […]
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Techteryx is suing First Digital for allegedly redirecting nearly half a billion dollars worth of TUSD reserves into illiquid investments.
Russia is moving closer to selling Bitcoin confiscated during criminal investigations as officials work to create a legal structure for handling such digital assets, local media outlet RBC reported. According to the report, Russia’s Federal Bailiff Service, in coordination with other government agencies, is leading efforts to turn seized crypto into government revenue. Dmitry Aristov, […]
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The crypto payments platform UPCX temporarily halted deposits and withdrawals following a security breach that may have led to the loss of around $70 million in digital assets. On April 1, the platform revealed it had detected unauthorized access to a management account. In response, UPCX immediately suspended all user transactions as a precaution while […]
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Blockchain security firm TRM Labs reported that Russian-language darknet marketplaces dominated crypto-linked drug transactions in 2024. According to the report, the platforms were behind more than 97% of the drug-related crypto activity on the Bitcoin and TRON networks. That translates to around $1.65 billion out of the $1.7 billion traced to drug trade on both […]
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ZkLend, a decentralized lending protocol built on Starknet, has confirmed that the hacker responsible for its February exploit lost a significant portion of the stolen funds to a phishing scam. In an April 1 post on X, ZkLend revealed that the attacker tried to launder 2,930 ETH, worth around $5.4 million, through crypto mixer Tornado […]
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U.K. authorities have frozen around $7.7 million (£6 million) worth of illicit crypto assets since April 2024, according to an investigation by MailOnline. Cryptocurrencies have become the asset of choice for criminals to launder illicit money and fund terrorism. To tackle this emerging threat, last year, the U.K. amended its rules to grant special power […]
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The House of Representatives legislation would set up a government group across the Treasury, Justice Department and Secret Service to head off bad actors.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.
The entity was offboarded on March 18, and Movement Labs and Movement Foundation teams were informed of the “irregularities with their market maker.”
Binance has taken firm action against internal misconduct and market irregularities linked to the Movement’s MOVE token. The exchange has suspended a staff member for insider trading and penalized a market maker involved in manipulative trading practices. Insider trading On March 25, Binance Wallet confirmed the suspension of an employee who engaged in front-running trades […]
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The memecoin craze that started off two years ago on the Solana blockchain appeared to be organic. However, since then, the blockchain has drawn high-profile individuals, including U.S. President Donald Trump and his wife, Melania Trump, as well as Argentina President Javier Milei. These high-profile individuals have fuelled rapid growth of memecoins on Solana. This […]
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Blockchain investigator ZachXBT has exposed the trader behind a series of high-risk trades on Hyperliquid, linking the activity to a UK-based individual with a history of financial crimes. ZachXBT revealed on March 20 that the trader is allegedly William Parker, a UK citizen previously convicted of financial crimes in Finland and the UK. Parker gained […]
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Prosecutors are recommending that Andriunin, 26, spends no more than 24 months in a U.S. prison.
Bybit CEO Ben Zhou has explained how hackers are turning to Bitcoin mixers to launder the $1.5 billion in Ethereum stolen from the exchange last month. In an update shared on X on March 20, Zhou disclosed that 193 BTC, approximately $16 million, from the stolen funds, were funneled through Wasabi Wallet before being distributed […]
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Alex Andryunin may also receive a lighter sentence following the agreement, pending court approval, but cannot withdraw his guilt plea.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The US Department of Justice (DOJ) has charged television director Carl Erik Rinsch with defrauding a major streaming company of $11 million. In a March 18 statement, Acting US Attorney Matthew Podolsky said: “Carl Erik Rinsch orchestrated a scheme to steal millions by soliciting a large investment from a video streaming service, claiming that money would […]
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Carl Erik Rinsch is alleged to have stolen an $11 million investment for a television series, instead using it for cryptocurrency trading.
The attacker reportedly lost 100 BTC in Haru Invest, which allegedly defrauded over $960 million from around 16,000 investors.
Blockchain investigator ZachXBT has raised concerns about the crypto industry’s ability to address security breaches and illicit fund movements following his involvement in freezing funds from the recent Bybit hack. He argued that persistent vulnerabilities and inadequate responses from key players enable malicious actors to exploit weaknesses at scale. Systemic failures ZachXBT said that many […]
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Telegram CEO Pavel Durov said the social messaging platform has gone beyond its legal obligations in content moderation and crime prevention. In a March 17 statement on Telegram, Durov said: “When it comes to moderation, cooperation, and fighting crime, for years Telegram not only met but exceeded its legal obligations.” His comments come as French […]
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Officials of Thailand’s Central Investigation Bureau (CIB) seized 63 illegal crypto mining machines on Friday, according to a report by The Nation. The illegal crypto mining rigs, worth around 2 million baht ($60,000), were found in three abandoned houses in the Pathum Thani province. Officials conducted a raid after locals of the region complained about […]
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On Friday, a federal court ordered Thomas John Sfraga, known as "TJ Stone," to pay $1,337,700 in forfeiture and to serve a 45 month prison sentence.