The couple raised nearly $3.4 million from over 300 investors, spending funds on a home remodel, luxury trips, and other personal expenses.
Binance agreed to a compliance monitorship as part of its plea deal with the DOJ in 2023 over money-laundering and sanctions violations.
Ethereum co-founder Vitalik Buterin claims it is a “bad idea” to use artificial intelligence (AI) for governance. In an X post on Saturday, Buterin wrote: “If you use an AI to allocate funding for contributions, people WILL put a jailbreak plus “gimme all the money” in as many places as they can.” Why AI governance […]
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An unidentified crypto investor has lost over $3 million in a highly coordinated phishing attack after unknowingly authorizing a malicious contract. On Sept. 11, blockchain investigator ZachXBT first flagged the incident, revealing that the victim’s wallet was drained of $3.047 million in USDC. The attacker quickly swapped the stablecoins for Ethereum and funneled the proceeds […]
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Fuller allegedly ran a crypto investment company called Privvy Investments, and used investor funds on personal purchases.
The United States sanctioned 19 entities in Myanmar and Cambodia tied to cyber-fraud compounds that target victims worldwide, adding new names to the OFAC sanctions list. The move raises immediate compliance requirements for banks, payment firms, and crypto venues that could touch these actors through correspondent flows or dollar-linked stablecoins. Sanctions block property and prohibit […]
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Roughly 192,600 SOL was drained from a counterparty wallet tied to a SOL Earn product on Swissborg. The crypto exchange committed to making the losses whole.
The DOJ said that a California man was sentenced to 51 months in prison and ordered to pay $26.8 million in restitution.
The U.S. Treasury’s Office of Foreign Assets Control sanctioned a cybercriminal network across Southeast Asia tied to crypto investment scams.
The blockchain analytics specialist has released a due diligence product for stablecoins that's tailored to banks and compliance departments.
Hackers are using Ethereum smart contracts to conceal malware payloads inside seemingly benign npm packages, a tactic that turns the blockchain into a resilient command channel and complicates takedowns. ReversingLabs detailed two npm packages, colortoolsv2 and mimelib2, that read a contract on Ethereum to fetch a URL for a second-stage downloader rather than hardcoding infrastructure […]
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The kidnapping victim was himself charged with kidnapping and extortion related to a separate crypto ransom case.
Argentina’s opposition parties have revived a stalled investigation into President Javier Milei’s role in the LIBRA scandal, seizing on new corruption allegations that have rattled the government just weeks before October’s elections. The commission, first created in April but largely paralyzed by bureaucratic and congressional hurdles, was reactivated on Aug. 28 after leaked recordings implicated […]
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Crypto firms collaborated with APAC-based law enforcement to freeze $46.9 million in USDT related to a "pig butchering" scam.
The Solana Policy Institute has donated $500,000 to the legal defense of Tornado Cash software developers Roman Storm and Alexey Pertsev.
Authorities across Africa arrested more than 1,200 suspects and seized nearly $100 million in a sweeping cybercrime operation that dismantled online fraud networks and illegal crypto mining operations, INTERPOL announced on Aug. 22. The three-month crackdown, known as Operation Serengeti 2.0, targeted nearly 88,000 victims across 18 African nations in collaboration with the UK. Investigators […]
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Apple has released iOS 18.6.2 and iPadOS 18.6.2 along with macOS Sequoia 15.6.1, Sonoma 14.7.8, and Ventura 13.7.8 to fix a zero-day in the ImageIO framework that was exploited in the wild. Per Apple, processing a malicious image could corrupt memory, enabling code execution, and the company is aware of a report of use in […]
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The suspects allegedly operated under the guise of BitShine, which had passed Financial Supervisory Commission checks.
"Writing code" is not a crime, said one of the Justice Department's top leads in its criminal division on Thursday.
US Representative David Schweikert has introduced legislation granting the President authority to act against crypto criminals operating abroad. The bill, filed as House Resolution (H.R. 4988), invokes the rarely used concept of “letters of marque and reprisal,” which is a legal instrument dating back to maritime warfare. Historically, such letters authorized privateers to attack and […]
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A New York man and his "Ponzi" firm were ordered to pay over $228 million following accusations that he solicited people to trade assets.
The U.S. Justice Department authorized the seizure of more than $2.8 million in cryptocurrency, cash, and other assets from a suspected ransomware operator, according to an Aug. 14 announcement. Federal prosecutors unsealed six warrants tied to Ianis Aleksandrovich Antropenko, charging him with conspiring to commit computer fraud and abuse, committing computer fraud and abuse, and […]
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The U.S. Treasury’s Office of Foreign Assets Control sanctioned multiple companies and individuals accused of using stablecoins to help Russia skirt international sanctions tied to its war in Ukraine on Aug. 14. The designations target both Russian-linked businesses and foreign intermediaries alleged to have facilitated large-scale cross-border transactions for sanctioned entities. The move highlights OFAC’s […]
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The Justice Department unsealed warrants allowing the seizure of $2.8 million in cryptocurrency from a wallet.
Turkish crypto exchange BtcTurk has been targeted by a major cyberattack, which resulted in the theft of roughly $48 million in digital assets. On Aug. 14, blockchain security firm Cyvers reported that the stolen funds were moved across multiple networks, including Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon. Most of the assets were transferred […]
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Blockchain investigator ZachXBT exposed a sophisticated North Korean IT worker operation that infiltrates Western technology companies through remote development positions. In an Aug. 13 report, the investigator highlighted that an unnamed source compromised a device belonging to one of five DPRK IT workers, providing unprecedented access to their operational methods. The team systematically purchased fake […]
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Kwon was criminally charged in March 2023 with conspiracy to defraud, commodities fraud, wire fraud, and securities fraud, among others.
Terraform Labs co-founder Do Kwon will plead guilty on Aug. 12 at 10:30 am ET in federal court. As Inner City Press reported, Judge Paul Engelmayer filed a docket order on August 11. The guilty plea represents a shift from Kwon’s previous trial defense strategy in the high-profile crypto fraud case. The change comes months […]
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Terraforn Labs co-founder Do Kwon plans to plead guilty years after U.S. prosecutors charged him with fraud and money laundering.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.