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 […]
The post Bybit seeks community help as $400 million in stolen Ethereum vanishes through Wasabi mixer appeared first on CryptoSlate.
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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China is considering introducing a nationwide policy to govern the handling of cryptocurrencies seized from criminal activities, Reuters reported on April 16. According to the report, Chinese authorities have seized a growing number of digital assets related to illicit activities such as fraud and money laundering. However, the absence of clear guidelines has led to […]
The post China debates $50B in seized crypto policy shift, urged to create national reserve appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Phishing scams targeting crypto users have become more advanced, with attackers abusing Google’s infrastructure to conduct highly convincing attacks. On April 16, Nick Johnson, the founder and lead developer of Ethereum Name Service (ENS), raised concerns over a fresh method cybercriminals use to compromise Gmail accounts and potentially target associated crypto wallets. How phishing attackers […]
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Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme. Early reports from local media outlets placed total investor losses at ₦1.3 trillion (approximately $800 million), with the funds allegedly sitting in a Tron wallet believed to be associated with CBEX. However, CryptoSlate’s analysis suggests […]
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Hopping from chain to chain is a common obfuscation tactic for criminals trying to cover their tracks, Elliptic CTO Jackson Hull said.
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 […]
The post Australia shutters crypto scam network linked to $35M in global losses appeared first on CryptoSlate.
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.”