Illicit crypto transactions exceeded $51 billion in 2024, significantly higher than previous estimates due to underreporting, according to blockchain analytics firm Chainalysis. The findings, published in the company’s latest Crypto Crime Report, indicate a surge in AI-driven fraud, stablecoin laundering, and sophisticated cybercrime networks. Despite initial projections suggesting a decline in crypto-related crime, deeper analysis […]
The post Cybercriminals ditch Bitcoin for stablecoins as illicit trades potentially surpassed $51 billion in 2024 – Chainalysis appeared first on CryptoSlate.
A Montana man and his co-conspirators allegedly laundered more than $2.4 million through illicit means.
The Federal Bureau of Investigation (FBI) has confirmed North Korea as the culprit behind the recent $1.5 billion exploit on Bybit. In a Feb. 26 Public Service Announcement (PSA), the agency attributed the attack to TraderTraitor, a malicious cyber campaign linked to North Korean threat actors. TraderTraitor refers to a series of malware-infested applications disguised […]
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Gotbit founder Aleksei Andriunin has been extradited to the US to face charges related to market manipulation and wire fraud conspiracy, according to a Feb. 26 statement by the US Attorney’s Office District of Massachusetts. Andriunin was arrested on Oct. 8, 2024, by authorities in Portugal, where he was living. Following his extradition, he appeared […]
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The Crime and Policing Bill has measures on how to value crypto and retrieve it from criminals.
The defendant has been indicted by a federal grand jury for allegedly participating in a scheme to inflate the prospects of certain tokens.
Kaspersky researchers have identified an attack vector on GitHub that uses repositories to distribute code that targets crypto wallets. The investigation revealed a campaign dubbed GitVenom, in which threat actors created hundreds of GitHub repositories purporting to offer utilities for social media automation, wallet management, and even gaming enhancements. Although these repositories were designed to […]
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Bybit announced a bounty platform designed to combat crypto-related crime titled LazarusBounty.com following. The initiative employs a structured, four-pronged approach to identifying illicit activity, holding hackers accountable, and enhancing crypto security. The effort follows a hack perpetrated against Bybit on Feb. 21, which resulted in the loss of nearly $1.5 billion in Ethereum (ETH) and […]
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Sam Bankman-Fried has evidently posted tweets from prison after a period of silence. His online remarks on Elon Musk’s X, the first in more than two years and since his incarceration following the collapse of FTX, contain reflections on workforce management and broader industry trends. In a series of tweets, SBF seemingly expressed sympathy for […]
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The hack, which occurred during the Uranium Finance protocol migration in April 2021, resulted in a loss of about $50 million.
The neobank offered the perpetrator 20% of the stolen funds to return the money within 48 hours, threatening legal action otherwise.
An affiliate of OKX agreed to pay over $500 million, including $84 million in penalties and approximately $421 million in forfeited fees earned from U.S. customers.
Sam Bankman-Fried, the convicted founder of the collapsed FTX exchange, maintains his innocence, claiming political bias influenced his prosecution. In an interview with The New York Sun, he argued that his case was unfairly handled and suggested that his legal troubles stemmed from his shifting political stance. This interview emerged less than a few days […]
The post Sam Bankman-Fried seeks clemency, empathizes with President Donald Trump over legal convictions appeared first on CryptoSlate.
Kovar supposedly used investor funds to operate his company and purchase real estate, while also repaying prior investors as if from crypto mining proceeds.
The defendants agreed to forfeit assets valued at over $400 million as part of their please, according to the DOJ.
Peer-to-peer marketplace Huione Guarantee has become a go-to place for crypto scammers for infrastructure and money laundering.
The FBI’s initiative to counter crypto investment fraud has helped thousands of victims avoid losing millions of dollars since its launch, according to a Feb. 13 press release. Dubbed Operation Level Up, the program proactively identifies individuals in the midst of being scammed and intervenes before they lose their money. Since its launch, the initiative […]
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The former operator of the BTC-e crypto exchange was charged with violating U.S. anti-money laundering laws and pleaded guilty in 2024.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Pertsev said on X that he’s set to be freed from pretrial detention on Friday in the Netherlands under the condition of electronic monitoring.
Lawyers for former Celsius Network CEO Alex Mashinsky have asked a federal judge to postpone his sentencing by one month, citing the complexities of the case and the volume of material requiring review, according to a Feb. 5 court filing. Mashinsky, who pleaded guilty in his fraud case, is scheduled to be sentenced on April […]
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Former Celsius CEO Alex Mashinsky's lawyers asked for his sentencing to be pushed back a month later to May.
Sanctions on dozens of Russian centralized exchanges and a decline in onchain payments made by victims helped reduce extortion figures.
A federal court in New York unsealed on Feb. 3 a five-count criminal indictment against Andean Medjedovic for allegedly exploiting KyberSwap and Indexed Finance to steal $65 million. Medjedovic has not been apprehended by law authorities as of Feb. 3 and remains at large. According to a statement from the US Department of Justice, Medjedovic […]
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He purportedly exploited vulnerabilities in the smart contracts of KyberSwap and Indexed Finance to steal around $48.8 million and $16.5 million respectively.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Menendez is a former senator from New Jersey and a Democrat.
Authorities in Spain say they've arrested 23 people and seized $26.4 million thanks to assistance from T3.
David Balland and his wife were rescued in a police operation involving elite units, Paris Prosecutor Laure Beccuau said.
Ulbricht said there’s 'a lot to talk about' and he looks forward to 're-engaging with the free world' once he feels up to it.