Balland was allegedly held captive for a day, during which kidnappers demanded a substantial ransom in cryptocurrency.
The charges against CLS Global stem from an undercover FBI investigation on wash trading using its own cryptocurrency as bait.
The official President Donald Trump memecoin called TRUMP launched on Jan. 17 and soared to a $72 billion market valuation within just two days. Backed by the Trump family, the crypto ignited significant public interest while simultaneously becoming a lucrative target for fraudsters. A report by Web3 security firm Blockaid highlighted the rapid escalation of […]
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Saavedra would improperly use his authority as a cop to obtain search warrants and feed Iza confidential information of his "enemies."
Digital Currency Group agreed to settle and pay $38 million to the SEC on Friday over allegations that it misled investors.
Blockchain security firm Scam Sniffer warned that crypto investors are facing a surge in malware scams on social media platform Telegram compared to the traditional phishing methods. While phishing still causes substantial losses—estimated at nearly half a billion dollars in 2024—its growth has plateaued. In contrast, Scam Sniffers reported that Telegram malware scams represent a […]
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TRM Labs found illicit volume is down 24% since 2023 to $45 billion, representing just 0.4% of overall crypto transactions.
2024 saw nearly $41 billion worth of illicit crypto volume, but that could climb to around $51 billion as more criminal-tied addresses are found, Chainalysis says.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The U.S. government says bitcoin stolen in the 2016 hack of Bitfinex should go back to the exchange, in a court document filed this week.
Blockchain security firm Elliptic reported that Huione—an online marketplace platform used for illicit activities—has launched USDH, a dollar-pegged stablecoin. According to Elliptic, Huione touts USDH as a solution for users seeking to bypass the restrictions imposed by traditional stablecoins like USDT and USD Coin (USDC). The asset was launched in September 2024. Huione is the […]
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Microsoft has filed a lawsuit aimed at disrupting cybercriminal operations that abuse generative AI technologies, according to a Jan. 10 announcement. The legal action, unsealed in the Eastern District of Virginia, targets a foreign-based threat group accused of bypassing safety measures in AI services to produce harmful and illicit content. The case highlights cybercriminals’ persistence […]
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A federal grand jury in the Northern District of Georgia indicted three Russian nationals for their alleged roles in operating crypto mixers Blender.io and Sinbad.io — tools used to launder funds tied to cybercrime, including ransomware and virtual currency thefts. The indictment, published on Jan. 10, charges Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton […]
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Thai authorities confiscated 996 Bitcoin (BTC) mining rigs in Chon Buri province, accusing operators of illegally siphoning electricity to power the energy-intensive machines. The raid, conducted on Jan. 8 in the Phanat Nikhom district, highlights growing concerns about the misuse of public utilities for crypto mining operations. Thai authorities previously conducted several raids on properties […]
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Frank Richard Ahlgren III, an early adopter of Bitcoin (BTC), has been directed by a Texas court to relinquish access to his crypto wallets, BNN Bloomberg reported on Jan. 7. According to the report, Ahlgren was ordered to provide the private keys, seed phrases, and any devices used to store his digital assets. This comes […]
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India has intensified efforts to curb crypto-related scams by collaborating with tech giants Google and Meta (formerly Facebook), according to the Ministry of Home Affairs’ 2024 annual report. The initiative aims to combat the rising threat of “pig butchering” scams, a form of crypto investment fraud targeting vulnerable groups such as unemployed youth, housewives, students, […]
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Kwon's Terraform Labs developed the luna cryptocurrency and stablecoin terraUSD, which folded in 2022, losing an estimated $40 billion
T3 Financial Crime Unit (T3 FCU) has frozen criminal assets valued at $100 million across five continents. Formed by Tether, TRON, and TRM Labs in August 2024, the group collaborates with law enforcement worldwide to disrupt organized schemes that rely on blockchain transactions. It analyzes on-chain activity, identifies suspicious patterns, and works directly with authorities […]
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The unit is a joint venture between Tron, TRM Labs and Tether.
The Blockchain Bandit, a hacker infamous for exploiting vulnerabilities in Ethereum wallets, has reappeared, consolidating stolen assets after years of inactivity. On Dec. 30, blockchain investigator ZachXBT reported that the hacker moved 51,000 ETH, worth approximately $172 million, into a single wallet. These funds were transferred from ten previously inactive wallets, marking the hacker’s first […]
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Pig butchering scams led to $3.6 billion in crypto losses in 2024, emerging as the most significant fraud scheme of the year, according to a report by web3 security firm Cyvers. The long-term fraud method, where victims are groomed over time to make substantial investments, outpaced other forms of crypto scams in 2024. The report […]
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The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, are particularly concerned about the growing number of schemes involving bogus crypto investments. […]
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The Securities and Exchange Commission has charged a subsidiary of Jump Crypto, Tai Mo Shan Limited, with misleading investors about Terra USD (UST) after the stablecoin lost its $1 peg. The regulator alleges that Tai Mo Shan participated in trading designed to create the false impression UST’s advertised algorithm solely sustained its price. When UST […]
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In a video posted to X, Ilya Lichtenstein reiterates he acted alone in stealing 120,000 bitcoin, denying a Netflix documentary's speculation.
Delphi Digital’s former vice president of fiance, Dylan Meissner, was sentenced to four years in jail for stealing $4.5 million from the firm and then attempting to cover it up.
Bitcoin’s surge to a record high of over $107,000 has boosted the US government’s efforts to reimburse victims of a business email compromise (BEC) scheme. On Dec. 16, the US Department of Justice (DOJ) announced the recovery of 32.68 BTC, valued at over $3.5 million, stolen in a December 2023 cyber fraud case. The recovery […]
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Blockchain investigator ZachXBT has revealed that malicious actors, identified as the “LastPass threat actor,” have siphoned off approximately $5.36 million in cryptocurrencies. In a Dec. 17 post on his Telegram Channel, ZachXBT stated: “Today an estimated $5.36M was drained by the LastPass threat actor from 40+ victim addresses. Stolen funds were swapped for ETH and […]
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The Stanford Blockchain Club has issued a scathing critique of the US Department of Justice’s (DOJ) prosecution of Tornado Cash developers Roman Storm and Roman Semenov, calling it an overreach of outdated federal money transmission laws. In its report, titled “Tornado Cash and the Boundaries of Money Transmission,” the club challenged the DOJ’s use of […]
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The U.S. Securities and Exchange Commission charged three individuals on Dec. 11 with impersonating securities brokers and investment advisers to execute a scheme involving digital assets. The complaint names three Nigerian nationals and alleges that their actions diverted more than $2.9 million from at least 28 investors by directing them toward fraudulent platforms, then instructing […]
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A phishing attack resulted in a crypto user losing $7.8 million worth of SolvBTC, a wrapped Bitcoin product created by Solv Protocol. On Dec. 11, blockchain security firm Scam Sniffer highlighted the incident and shed further light on the evolving sophistication of such scams. How the attack unfolded According to Scam Sniffer, the victim unknowingly […]
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