The US Treasury Department imposed sanctions on Funnull Technology Inc., a Philippines-based tech firm accused of facilitating hundreds of thousands of online crypto investment scams known as “pig butchering,” which defrauded American victims of over $200 million. The Office of Foreign Assets Control (OFAC) also designated Liu Lizhi, a Chinese national and administrator of Funnull, […]
The post US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree appeared first on CryptoSlate.
Netflix has green-lit an eight-episode limited series titled The Altruists, a dramatization of the eight-billion-dollar collapse of crypto exchange FTX and the downfall of its co-founder, Sam Bankman-Fried. The show, produced under Barack and Michelle Obama’s Higher Ground banner, will star Julia Garner (3x Emmy winner) as former Alameda Research chief executive Caroline Ellison and […]
The post Ozark star Julia Garner to play Caroline Ellison in Obama Netflix miniseries on FTX collapse appeared first on CryptoSlate.
Treasury sanctioned a company accused of enabling multiple "pig butchering" scams, which defrauded U.S. victims of more than $200 million.
Ngo Thi Theu was allegedly a key figure in a network that involved 35 officials and over 1,000 employees working across 44 call centres in Vietnam.
An Italian tourist’s barefoot dash onto a SoHo sidewalk has cracked open one of the most violent crypto-ransom plots ever seen in New York City. With the surrender of William Duplessie, 32, on Tuesday, police say they have now charged two business partners who allegedly imprisoned and tortured the 28-year-old for 17 days in a […]
The post Kidnappers arrested for 2 week torture of tourist in NY luxury mansion to get Bitcoin keys appeared first on CryptoSlate.
William Duplessie, a crypto entrepreneur from Miami, was arrested for alleged involvement in the kidnapping of an Italian tourist.
The incident, involving alleged abduction and abuse for nearly three weeks, comes amid a growing trend of physical attacks on cryptocurrency users.
The investor, John Woeltz, allegedly held an Italian man captive in a $30K-a-month townhouse to steal his crypto.
The prime suspect once led a security audit for a privacy-focused cryptocurrency called Grin, noting the loss of privacy could endanger users' safety.
A federal jury convicted former SafeMoon Braden John Karony on all charges in a crypto fraud scheme that siphoned millions from investors under false promises of decentralized finance security. The jury found Karony guilty of conspiracy to commit securities fraud, wire fraud, and money laundering after a 12-day trial in Brooklyn on May 21. Prosecutors […]
The post Former SafeMoon CEO Braden Karony convicted on all charges in $200M crypto fraud scheme appeared first on CryptoSlate.
Cetus Protocol posted a $5 million reward on May 23 for information that identifies and leads to the arrest of the attacker who extracted $223 million from its decentralized exchange on the Sui network. Announced on May 23, the offer is coordinated with cybersecurity firm Inca Digital and will be funded by the Sui Foundation […]
The post Cetus posts $5M bounty for hacker’s ID amid centralization concerns on Sui freeze appeared first on CryptoSlate.
Cetus Protocol, a decentralized exchange (DEX) operating on the Sui Network, has suspended its smart contract operations after a serious security breach. The platform confirmed the exploit on May 22 through its official X account, noting that the shutdown was necessary to prevent further fund loss, stating, “????Alert Announcement ???? There was an incident detected […]
The post Sui-based Cetus Protocol suspends operations following $260 million oracle exploit appeared first on CryptoSlate.
The DOJ seized five internet domains used to distribute the LummaC2, used to steal crypto wallet seed phrases and other information.
Karony allegedly misappropriated SafeMoon's liquidity pool for his personal benefit, while assuring investors that the pool was locked.
Jeremy Jordan-Jones lied to investors about Amalgam’s purported partnerships with sports teams including the Golden State Warriors, according to prosecutors.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The U.S. Securities and Exchange Commission (SEC) accused cryptocurrency startup Unicoin and its top executives of orchestrating a massive fraud scheme. The SEC alleges that they raised more than $100 million from thousands of investors using false promises about asset-backed tokens and inflated fundraising numbers. A crypto dream built on illusions? The SEC’s 77-page complaint, filed […]
The post SEC charges Unicoin execs with $100 million crypto fraud in alleged asset-backed token scheme appeared first on CryptoSlate.
Jacob Irwin-Cline alleges a sedative known as "Devil's Breath" may have been used to get him to hand over access to his crypto wallet.
Chainalysis said the shutdown of illicit online marketplace Haowang Guarantee did not fundamentally impact the network of crypto scammers.
The US Department of Justice (DOJ) is investigating how attackers infiltrated Coinbase in their recent customer data breach incident, Bloomberg News reported on May 19, citing a person familiar with the matter. Coinbase chief legal officer Paul Grewal confirmed the company is cooperating with federal law enforcement and intends to pursue legal action against those […]
The post DOJ launches probe into Coinbase’s insider-driven data leak appeared first on CryptoSlate.
Amid a recent surge in physical threats to crypto investors with substantial holdings, firms that offer personal security services are seeing increasing demand. Amsterdam-based physical security and intelligence services provider Infinite Risks International’s managing director, Jethro Pijlman, told Bloomberg: “We’ve had more inquiries, more long-term clients, and more proactive requests from crypto investors who don’t […]
The post Crypto investors are ramping up personal security as physical attacks surge: Report appeared first on CryptoSlate.
The arrest of the Blum co-founder has some app users concerned over whether a long-awaited airdrop will take place as planned this quarter.
Eric Council Jr. was sentenced to 14 months’ imprisonment for his role in the Jan. 9, 2024, hack of the U.S. Securities and Exchange Commission’s (SEC’s) X account. The convicted, along with co-conspirators, posted false news of the SEC approving the first Bitcoin (BTC) exchange-traded fund in the U.S. In a press release on May […]
The post Jan 2024 SEC’s X account hacker got 14 months in prison for cyber fraud appeared first on CryptoSlate.
Authorities in Paraguay deported three individuals and arrested another in connection with a May 15 attempted robbery at a crypto mining operation in Coronel Bogado, a town and district in Paraguay. According to statements by prosecutor Irene Rolón made during a May 15 interview on local news outlet Monumental TV, the group allegedly targeted computer […]
The post Paraguay law enforcement thwarts crypto miner heist, deports arrested suspects appeared first on CryptoSlate.
France is deploying new security measures to protect crypto entrepreneurs after a rash of violent kidnapping attempts raised alarm across the country’s tech sector and ignited political pressure on Interior Minister Bruno Retailleau, AP News reported on May 16. The ministry confirmed that Retailleau met privately with crypto founders to discuss personal safety. According to […]
The post France ramps up efforts to tackle rising crypto kidnappings after failed attempt goes viral appeared first on CryptoSlate.
A meeting was held with Minister of the Interior Bruno Retailleau, Director General of the National Police and Gendarmerie and industry representatives.
The man behind the hacking of the SEC's social media account that posted a fake announcement about spot bitcoin ETFs was sentenced on Friday.
The defendants allegedly spent $4 million at nightclubs and $9 million on exotic cars, among other luxury items, prosecutors claim.
The US Department of Justice does not intend to drop its federal criminal charges against Tornado Cash developer and co-founder Roman Storm, Decrypt reported on May 15, citing sources within the DOJ. The DOJ’s decision to proceed comes despite an internal memo circulated last month signaling a potential shift in how the agency handles cases […]
The post DOJ to press on with criminal charges against Tornado Cash developer Roman Storm appeared first on CryptoSlate.
Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning […]
The post How an insider-led breach sparked a costly scam at Coinbase appeared first on CryptoSlate.