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 […]
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French Interior Minister Bruno Retailleau said he will meet with French crypto entrepreneurs to discuss how to protect them.
Coinbase revealed that it suffered a data breach that affected less than 1% of its active monthly users, according to the May 15 statement. Following the hack, the exchange CEO Brian Armstrong said the perpetrators tried to extort it of $20 million in Bitcoin. How Coinbase was breached According to the exchange, the threat actors […]
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Telegram has taken down thousands of accounts linked to two massive black-market networks, Xinbi Guarantee and Haowang Guarantee, effectively turning off their operations. Blockchain firm Elliptic reported these networks facilitated over $35 billion in stablecoin transactions through Telegram-based marketplaces. Despite the crackdown, the operators of these illicit marketplaces are reportedly not backing down. Tom Robinson, co-founder […]
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Telegram has now shut down both Haowang and Xinbi, which processed a combined $35 billion of illicit transactions in stablecoins
Spanish law enforcement has dismantled a sprawling underground financial network that allegedly laundered more than €20 million through crypto transactions for organized crime groups based in China and the Arab world, local media reported on May 14. The criminal ring, which police described as one of the largest clandestine crypto-banking operations uncovered in Europe, operated […]
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Illicit marketplaces are a key part of the growing global cyberscams industry, with Southeast Asia being among the hubs for such activity.
France’s Interior Ministry is reportedly set to meet with key players in the country’s crypto industry on May 16 to tackle a rising wave of kidnappings targeting digital asset entrepreneurs, Le Monde reported on May 14. According to the report, Interior Minister Bruno Retailleau said the planned gathering will focus on improving security awareness and […]
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Sandeep Nailwal, co-founder of Polygon, has flagged a troubling rise in deepfake scams using his likeness to deceive crypto founders. Polygon is one of the largest Ethereum layer-2 networks. In a May 13 social media post on X, Nailwal said several individuals recently reached out to verify if he had spoken with them over Zoom. […]
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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.