Charles Hoskinson, the founder of the Cardano network, has renewed his call to integrate “verified tweets” on social media platform X (formerly Twitter). This proposal was prompted after the official X account of the Cardano Foundation was hacked to promote scams and spread false information over the weekend. Cardano Foundation hack On Dec. 8, malicious […]
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The Australian Transaction Reports and Analysis Centre (AUSTRAC) has intensified efforts to enforce Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regulations among crypto ATM providers. On Dec. 6, the watchdog said that crypto ATMs are increasingly used for money laundering and other illicit activities. Despite the country having around 400 registered crypto exchanges, only a small portion […]
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North Korean hackers have stolen billions in cryptocurrency and sensitive corporate data by impersonating venture capitalists, recruiters, and remote IT workers. Researchers made the revelations during Cyberwarcon, an annual cybersecurity conference, on Nov. 29. According to Microsoft security researcher James Elliott, North Korean operatives have infiltrated hundreds of global organizations by creating false identities. Using […]
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The crypto industry experienced its second-lowest monthly losses this month, November 2024, with $71 million lost across 26 incidents, according to blockchain security firm Immunefi. This marked a significant improvement compared to November 2023, which recorded $343 million in losses, representing a 79% year-over-year drop and a 4% decrease month-over-month. Year-to-date (YTD) figures show the […]
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XT Exchange has suspended all coin withdrawals after it confirmed the “abnormal transfer of assets” from its platform. In a Nov. 28 announcement, the firm revealed that about $1 million worth of assets in 12 different currencies was affected. It stated: “[We] identified an abnormal transfer of assets from the platform wallet with the on-chain […]
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A legal expert says Pump.fun’s extreme livestream content involves threats, scams and illegal behavior that can open up criminal investigations and civil lawsuits.
Yu Xian, founder of the blockchain security firm Slowmist, has raised alarms about a rising threat known as AI code poisoning. This attack type involves injecting harmful code into the training data of AI models, which can pose risks for users who depend on these tools for technical tasks. The incident The issue gained attention […]
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South Korean authorities have successfully recovered 4.8 Bitcoin (BTC), which was linked to the 2019 hack of the Upbit exchange, local media outlet Yonhap News reported on Nov. 21. The incident, in which North Korean hackers stole 342,000 Ethereum (ETH), was among the most significant cyberattacks targeting a cryptocurrency platform. The stolen Ethereum, valued at […]
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Gary Wang, co-founder and former chief technology officer of crypto exchange FTX, was sentenced to time served with no additional jail time after providing extensive cooperation to U.S. prosecutors in one of the largest financial fraud cases in history, as reported by Inner City Press. Inner City Press shared live updates from the court via […]
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Switzerland’s Financial Market Supervisory Authority (FINMA) has raised concerns about increasing money laundering risks in the crypto sector. The warning, detailed in FINMA’s 2024 Risk Monitor report, highlights the growing misuse of digital assets like cryptocurrencies and stablecoins for illicit activities. The report indicated that stablecoins are increasingly used in illegal transactions, such as sanctions […]
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A crypto whale narrowly avoided a $129 million USDT loss after falling victim to a phishing scam on the TRON blockchain. Blockchain security firm Scam Sniffer reported the incident on Nov. 20, detailing how the stolen funds were unexpectedly returned within hours. What happened? According to the firm, the scammer used a fake wallet address, […]
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Delhi Police have made progress in investigating the $235 million breach of crypto exchange WazirX by arresting SK Masud Alam from Bengal. On Nov. 13, local media outlet IndiaToday reported that Alam allegedly set up a fake account on WazirX under the alias “Souvik Mondal.” He reportedly sold this account via Telegram to a person […]
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His body was found months after he was kidnapped from a Montreal condo. A 32-year-old woman has been charged with his murder.
South Korean police have arrested 12 suspects, including a prominent YouTuber, in connection with a $231 million crypto fraud that affected more than 15,000 investors, local media outlet Yna reported. The report stated that this arrest is part of an extensive investigation, initially leading to the apprehension of 215 individuals, with 12 ultimately detained for […]
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Daren Li oversaw the transfer of more than $73 million away from crypto scam victims to wallets he and his co-conspirators controlled.
The scheme promised 20x returns through investing in tokens that in reality had little value.
The suit also links him to organized crime in Eastern Europe and terrorist groups.
WonderFi CEO was forced into a vehicle but released after a ransom was paid.
The new dashboard by Dune reveals funds lost in over 5,500 blockchain-based scams, exploits, and attacks.
FTX former Chief Technology Officer Gary Wang has requested leniency from the judge ahead of his Nov. 20 sentencing, highlighting his cooperation with law enforcement and his testimony against Sam Bankman-Fried, according to Nov. 6 sentencing memo. According to the filing: “Gary is profoundly remorseful and has taken extraordinary steps to assist the Government and […]
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Craig Wright, who is not Satoshi, attended a court hearing today concerning a contempt application filed by the Cryptocurrency Open Patent Alliance (COPA). The judge scheduled the contempt hearing for Dec. 18, with discussions on whether Wright must appear in person and potential cross-examination. BitMex Research provided a live transcript of the court proceedings, during […]
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October marked a significant decline in crypto-related losses due to exploits, with total losses amounting to approximately $116 million—the lowest monthly losses in the last six months. Most of October’s losses stemmed from exploits, followed by flash loan attacks and exit scams. Exploits accounted for the bulk, totaling $113.3 million, while flash loan and exit […]
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The United States and Nigeria have formed a Bilateral Liaison Group to counter cryptocurrency-related crimes and illicit finance. An Oct. 23 announcement reaffirmed the United States’ dedication to working closely with Nigeria. The US Department of Justice pledged to support Nigeria in strengthening its capabilities for investigating and prosecuting cybercrimes. While the two nations have […]
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Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.
The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the alleged creator of an organized crime messaging app.
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.
North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.
Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter.
Revelo Intel’s now-former CEO Nick Drakon believes the robbery may have been an inside job and is working with local authorities on the matter.