Sam Bankman-Fried is again challenging the core narrative of his downfall: that FTX was insolvent when it collapsed in November 2022. In a 15-page report written from prison and dated Sept. 30, the convicted founder claimed the exchange “was never insolvent” but merely trapped in a “liquidity crisis” after customers pulled $5 billion in two […]
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Bithumb led with 12.4 billion won, followed by Upbit with 366 million won. Smaller amounts moved through Coinone and Korbit, while Gopax reported no activity.
Crypto is nothing if not cyclical. Every cycle births icons, wrecks them, and sometimes resurrects them. What was once written off as dead can roar back to life with a vengeance, reshaped by regulation, technology, or sheer market gravity. From courtrooms to codebases, from bankrupt exchanges to blockchains that refused to quit, the industry’s best […]
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Canada's FINTRAC said the exchange failed to report thousands of high-risk crypto transactions tied to darknet markets and Iranian transfers.
The accused is said to have forced people to work in Cambodian compounds part of large-scale crypto scam network.
The Ethereum Foundation and Keyring are raising a legal defense fund for Tornado Cash developers Roman Storm and Alexey Pertsev.
Early bitcoin investor Roger Ver reached a "tentative agreement" with the U.S. Justice Department, according to reporting from NYT.
Will the UK sell 61,000 BTC, or pay victims the gains? The United Kingdom is holding 61,000 Bitcoin worth roughly $7.2 billion after pleading guilty to fraud, and a January High Court test will determine who will capture the upside from assets seized in 2018. Zhimin Qian, also known as Yadi Zhang, pleaded guilty on […]
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Qian defrauded more than 128,000 victims in China between 2014 and 2017, subsequently storing her spoils in BTC and fleeing to the U.K
NYDFS lead Adrienne Harris, who has been pivotal in cryptocurrency regulation in the state, is stepping down.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The 2025 Typologies Report outlines laundering tactics, mule account patterns and cross-chain transfers.
Korean actor Hwang Jung-eum was sentenced to two years in prison, suspended for four years, for embezzling $3 million to invest in crypto.
Two brothers who held a family for nine hours at gunpoint and stole $8 million in cryptocurrency were charged with kidnapping on Thursday.
X discovered a "bribery network" of users who have allegedly been "involved in crypto scams" and paid middlemen to attempt to bribe employees.
Palafox falsely claimed that PGI was engaged in high-volume bitcoin trading, defrauding over 90,000 investors worldwide.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
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 […]
The post New ‘sophisticated’ phishing exploit drains $3M in USDC from multi-sig wallet appeared first on CryptoSlate.
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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