The entity was offboarded on March 18, and Movement Labs and Movement Foundation teams were informed of the “irregularities with their market maker.”
Binance has taken firm action against internal misconduct and market irregularities linked to the Movement’s MOVE token. The exchange has suspended a staff member for insider trading and penalized a market maker involved in manipulative trading practices. Insider trading On March 25, Binance Wallet confirmed the suspension of an employee who engaged in front-running trades […]
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The memecoin craze that started off two years ago on the Solana blockchain appeared to be organic. However, since then, the blockchain has drawn high-profile individuals, including U.S. President Donald Trump and his wife, Melania Trump, as well as Argentina President Javier Milei. These high-profile individuals have fuelled rapid growth of memecoins on Solana. This […]
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Blockchain investigator ZachXBT has exposed the trader behind a series of high-risk trades on Hyperliquid, linking the activity to a UK-based individual with a history of financial crimes. ZachXBT revealed on March 20 that the trader is allegedly William Parker, a UK citizen previously convicted of financial crimes in Finland and the UK. Parker gained […]
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Prosecutors are recommending that Andriunin, 26, spends no more than 24 months in a U.S. prison.
Bybit CEO Ben Zhou has explained how hackers are turning to Bitcoin mixers to launder the $1.5 billion in Ethereum stolen from the exchange last month. In an update shared on X on March 20, Zhou disclosed that 193 BTC, approximately $16 million, from the stolen funds, were funneled through Wasabi Wallet before being distributed […]
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Alex Andryunin may also receive a lighter sentence following the agreement, pending court approval, but cannot withdraw his guilt plea.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The US Department of Justice (DOJ) has charged television director Carl Erik Rinsch with defrauding a major streaming company of $11 million. In a March 18 statement, Acting US Attorney Matthew Podolsky said: “Carl Erik Rinsch orchestrated a scheme to steal millions by soliciting a large investment from a video streaming service, claiming that money would […]
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Carl Erik Rinsch is alleged to have stolen an $11 million investment for a television series, instead using it for cryptocurrency trading.
The attacker reportedly lost 100 BTC in Haru Invest, which allegedly defrauded over $960 million from around 16,000 investors.
Blockchain investigator ZachXBT has raised concerns about the crypto industry’s ability to address security breaches and illicit fund movements following his involvement in freezing funds from the recent Bybit hack. He argued that persistent vulnerabilities and inadequate responses from key players enable malicious actors to exploit weaknesses at scale. Systemic failures ZachXBT said that many […]
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Telegram CEO Pavel Durov said the social messaging platform has gone beyond its legal obligations in content moderation and crime prevention. In a March 17 statement on Telegram, Durov said: “When it comes to moderation, cooperation, and fighting crime, for years Telegram not only met but exceeded its legal obligations.” His comments come as French […]
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Officials of Thailand’s Central Investigation Bureau (CIB) seized 63 illegal crypto mining machines on Friday, according to a report by The Nation. The illegal crypto mining rigs, worth around 2 million baht ($60,000), were found in three abandoned houses in the Pathum Thani province. Officials conducted a raid after locals of the region complained about […]
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On Friday, a federal court ordered Thomas John Sfraga, known as "TJ Stone," to pay $1,337,700 in forfeiture and to serve a 45 month prison sentence.
British authorities have charged National Crime Agency (NCA) officer Paul Chowles with multiple offenses related to the alleged theft of 50 Bitcoin in 2017. At the time of the alleged theft in 2017, the Bitcoins were valued at approximately £60,000 (equivalent to $77,400). However, with Bitcoin’s surge in value over the years, the assets’ value […]
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Valued at just £60,000 ($77,400) at the time of the alleged theft, the bitcoin is now worth around £3.2 million ($4.2 million).
On March 13, hackers seemingly took control of DB, a well-known crypto news platform, using its X account to spread false information about Donald Trump’s TRUMP memecoin and a fabricated BlackRock ETF filing for Hyperliquid. The misleading posts had an immediate impact. TRUMP’s price surged by 20% before quickly collapsing, while the fake ETF news […]
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Nebraska Governor Jim Pillen signed a new bill into law to combat crypto ATM fraud, aiming to 'build Nebraska into a cryptocurrency leader.'
Indian authorities confirmed the arrest of Garantex co-founder Aleksej Besciokov, a Lithuanian national wanted by the US for allegedly laundering billions through the crypto exchange. Police apprehended Besciokov in Kerala’s coastal town of Varkala while he was vacationing with his family. Besciokov is accused of operating an unlicensed money-transmitting business and conspiring to commit money laundering. […]
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Besciokov purportedly served as principal technical administrator of the sanctioned crypto exchange Garantex from 2019 to 2025.
US and European law enforcement agencies disrupted Garantex, a Russia-linked crypto exchange accused of laundering billions of dollars for cybercriminals, drug traffickers, and sanctioned entities, the Justice Department announced Friday. As part of a coordinated operation with Germany and Finland, US authorities seized multiple domains associated with Garantex and froze over $26 million in assets […]
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New York lawmakers are moving to crack down on crypto fraud through a new bill that criminalizes deceptive practices. Assembly Bill AO6515, introduced on March 5 by Representative Clyde Vanel, seeks to address rug pulls, private key fraud, and undisclosed financial interests in virtual tokens. Vanel, who chairs the Banking Committee and the Subcommittee on […]
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The North American Securities Administrators Association (NASAA) has identified crypto and social media scams as significant risks to retail investors in 2025, according to a March 6 statement. This alert follows a survey conducted among state and provincial regulators across the United States and Canada. NASAA President and Wisconsin Securities Administrator Leslie Van Buskirk pointed […]
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The former CEO of FTX once again claimed that he's wrongfully convicted as he apparently tries to make the case for a presidential pardon.
Sanctioned crypto exchange Garantex has halted operations following Tether’s decision to freeze $27 million worth of USDT on the platform. In a March 6 announcement on Telegram, the exchange confirmed a temporary suspension of crypto trading and withdrawals, citing Tether’s decision to freeze its funds. According to the firm: “Tether has entered the war against […]
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The US Department of the Treasury has imposed sanctions on Behrouz Parsarad, an Iranian national accused of managing the now-defunct Nemesis darknet marketplace. As part of the action, authorities blacklisted 49 Bitcoin (BTC) and Monero (XMR) addresses linked to him. The Office of Foreign Assets Control (OFAC) announced the sanctions on March 4, stating that […]
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Phishing-related crypto losses fell for the third consecutive month in February, with 7,442 victims losing $5.32 million, according to data from Scam Sniffer. The security firm reported that this represents a significant 48% decline from January’s $10.25 million and December 2024’s $23.58 million. The blockchain firm pointed out that the downward trend suggests that crypto […]
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The addresses were controlled Iranian national Behrouz Parsarad, the alleged administrator of the Nemesis darknet marketplace.
Thorchain is experiencing a developer exodus, as hackers from Lazarus Group are using the interoperability-focused blockchain to launder Ethereum (ETH) stolen in the Bybit hack. A Thorchain developer known as TCB announced that Pluto, the protocol’s unofficial lead developer, is stepping down. TCB himself has also indicated his imminent departure unless a swift resolution is […]
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