U.S. prosecutors levied charges against suspected Sinaloa Cartel bosses as onchain analytics startups traced stablecoin transfers in the fentanyl ecomomy.
Curve Finance is moving permanently to a new web domain following a targeted DNS attack that exposed users to phishing risks. On May 13, the DeFi protocol confirmed that it will operate on Curve.finance, replacing the compromised Curve.fi. The protocol explained that it was making the move because of the prolonged downtime and limited support […]
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Authorities in Paris have launched a criminal investigation after masked assailants attempted to kidnap the daughter of a crypto company CEO and her young child in a broad daylight attack just blocks from the city’s central courthouse, TMZ reported on May 13. The assault, which was captured on video, took place on May 12 and […]
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The news marks the fifth known "wrench attack" in France since the start of the year amid a rising trend of physical threats.
EXch served as a hub for over $1.9 billion in illicit crypto transfers, authorities said, with funds tied to both high-profile hacks and phishing operations.
A Virginia man will spend 364 months behind bars for sending $185,000 in crypto to ISIS agents.
German prosecutors said eXch explicitly advertised its lack of anti-money laundering measures on platforms of 'criminal underground economy.'
Ex-Celsius CEO Alex Mashinsky was sentenced to 12 years in prison on May 8 for orchestrating a scheme that defrauded customers of the crypto lending platform by misrepresenting investment risks and manipulating the price of the company’s token, CEL. As Bloomberg News reported, the sentence was handed down by US District Judge John Koeltl in […]
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Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison after prosecutors said he defrauded customers, Inner City Press reported.
LockBit, one of the most well-known Ransomware-as-a-Service (RaaS) groups, suffered a serious security breach that exposed around 60,000 Bitcoin addresses. On May 8, blockchain security firm SlowMist reported that hackers exploited a PHP 0-day or 1-day vulnerability to gain unauthorized access to LockBit’s backend systems and admin console. SlowMist pointed out that the hack resulted […]
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Blockchain investigator ZachXBT revealed that Coinbase users lost another $45 million over the past week due to coordinated social engineering scams. The update, shared on his Telegram channel, identifies multiple wallet addresses connected to the theft and links the latest activity to a broader pattern of crypto heists that has persisted for months. The report […]
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Alex Mashinsky's lawyers rebuked the DOJ's request for a 20-year sentence and asked for a one-year prison term for the former Celsius CEO.
An Israeli-Russian national was arrested last week while allegedly attempting to flee Israel under a false identity, and now faces extradition to the US in connection with a major crypto hack that caused nearly $190 million in damages. Alexander Gurevich was taken into custody on May 1 at Ben-Gurion Airport just before boarding a flight […]
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The perpetrators were five men all aged in their 20s, according to French police, who rescued the man before a ransom was paid.
Blockchain analyst ZachXBT revealed that roughly $7 million of the $330 million in Bitcoin (BTC) stolen from a longtime US crypto holder has been frozen with the help of Binance. The update comes days after ZachXBT first reported a suspicious transfer of 3,520 BTC, worth about $330 million at the time, from a single wallet. […]
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IML purportedly knew its salespeople either lost money or earned "very little," with only one in five making more than $500, according to a complaint.
The group rolled out its own stablecoin in January to avoid traditional currency restrictions.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Avraham "Avi" Eisenberg, who was accused of being behind the multi-million dollar exploit of Mango Markets, was sentenced on Thursday involving a separate case.
Blockchain sleuth ZachXBT revealed that the victim of the recent theft of $330 million in Bitcoin (BTC) was an elderly American citizen who was targeted by a social engineering attack. The exploit marks one of the largest known crypto thefts from an individual. ZachXBT traced the stolen 3,520 BTC, worth approximately $330 million, to a suspicious […]
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Prosecutors say that former Celsius CEO Alex Mashinsky should be sentenced to twenty years for losing billions of customers' dollars.
Federal prosecutors called Mashinsky the architect of a "years-long campaign of lies and self-dealing" that left customers with billions in losses.
A group of key crypto players are calling on the White House to stop prosecuting open-source software in light of Roman Storm's trial.
A North Korean state-sponsored hacking group, Lazarus, is advancing its tactics with a more polished and deceptive approach. A report by cybersecurity firm Silent Push revealed that the group has set up fake US-based crypto companies to distribute malware disguised as job opportunities. According to the report, a Lazarus subgroup called “Contagious Interview” is behind […]
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Two Long Island men in a father-and-son crypto scheme have been sentenced to 24 years in combined sentences.
According to the SEC, Ramil Palafox misappropriated more than $57 million in customer funds, using it to buy Lamborghinis and luxury products.
The amount of stolen funds from the Bybit hack that have slipped out of reach continues to rise as the days go by. On April 21, Bybit CEO Ben Zhou revealed that around $400 million, around 27.6% of the $1.4 billion in stolen Ethereum, can no longer be traced. This represents a sharp increase from […]
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The Ponzi scheme's founders were also sentenced to decades in prison last year, though they currently await extradition in Argentina.
A recently released DOJ memo marks a significant policy change and could have ramifications for cryptocurrency cases, sources say.
Changpeng “CZ” Zhao, former CEO of Binance, stated Thursday that he had encountered an AI-generated video that replicated his voice so accurately that he could not distinguish it from a real recording. The post, shared via X, featured an AI voice-over of Zhao speaking Mandarin, matching his facial movements with a precision he described as […]
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