Switzerland’s Financial Market Supervisory Authority (FINMA) has raised concerns about increasing money laundering risks in the crypto sector. The warning, detailed in FINMA’s 2024 Risk Monitor report, highlights the growing misuse of digital assets like cryptocurrencies and stablecoins for illicit activities. The report indicated that stablecoins are increasingly used in illegal transactions, such as sanctions […]
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A crypto whale narrowly avoided a $129 million USDT loss after falling victim to a phishing scam on the TRON blockchain. Blockchain security firm Scam Sniffer reported the incident on Nov. 20, detailing how the stolen funds were unexpectedly returned within hours. What happened? According to the firm, the scammer used a fake wallet address, […]
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Delhi Police have made progress in investigating the $235 million breach of crypto exchange WazirX by arresting SK Masud Alam from Bengal. On Nov. 13, local media outlet IndiaToday reported that Alam allegedly set up a fake account on WazirX under the alias “Souvik Mondal.” He reportedly sold this account via Telegram to a person […]
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His body was found months after he was kidnapped from a Montreal condo. A 32-year-old woman has been charged with his murder.
South Korean police have arrested 12 suspects, including a prominent YouTuber, in connection with a $231 million crypto fraud that affected more than 15,000 investors, local media outlet Yna reported. The report stated that this arrest is part of an extensive investigation, initially leading to the apprehension of 215 individuals, with 12 ultimately detained for […]
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Daren Li oversaw the transfer of more than $73 million away from crypto scam victims to wallets he and his co-conspirators controlled.
The scheme promised 20x returns through investing in tokens that in reality had little value.
The suit also links him to organized crime in Eastern Europe and terrorist groups.
WonderFi CEO was forced into a vehicle but released after a ransom was paid.
The new dashboard by Dune reveals funds lost in over 5,500 blockchain-based scams, exploits, and attacks.
FTX former Chief Technology Officer Gary Wang has requested leniency from the judge ahead of his Nov. 20 sentencing, highlighting his cooperation with law enforcement and his testimony against Sam Bankman-Fried, according to Nov. 6 sentencing memo. According to the filing: “Gary is profoundly remorseful and has taken extraordinary steps to assist the Government and […]
The post FTX’s former CTO pleads for non-custodial sentence, cites aid in Bankman-Fried’s conviction appeared first on CryptoSlate.
Craig Wright, who is not Satoshi, attended a court hearing today concerning a contempt application filed by the Cryptocurrency Open Patent Alliance (COPA). The judge scheduled the contempt hearing for Dec. 18, with discussions on whether Wright must appear in person and potential cross-examination. BitMex Research provided a live transcript of the court proceedings, during […]
The post Judge may call Craig Wright back to the UK so he cannnot ‘hide behind a keyboard from a closet in Thailand’ appeared first on CryptoSlate.
October marked a significant decline in crypto-related losses due to exploits, with total losses amounting to approximately $116 million—the lowest monthly losses in the last six months. Most of October’s losses stemmed from exploits, followed by flash loan attacks and exit scams. Exploits accounted for the bulk, totaling $113.3 million, while flash loan and exit […]
The post Radiant Capital exploit accounts for half of October’s six-month low $116M crypto crime appeared first on CryptoSlate.
The United States and Nigeria have formed a Bilateral Liaison Group to counter cryptocurrency-related crimes and illicit finance. An Oct. 23 announcement reaffirmed the United States’ dedication to working closely with Nigeria. The US Department of Justice pledged to support Nigeria in strengthening its capabilities for investigating and prosecuting cybercrimes. While the two nations have […]
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Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.
The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the alleged creator of an organized crime messaging app.
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.
North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.
Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter.
Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter.
For the first time ever, a Scottish court seized Bitcoin from the “technical brains” behind a robbery where a woman was beaten with a Toblerone.
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, […]
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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 […]
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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 […]
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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, […]
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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.