2 days ago · 3 min read
Articles about crime in the crypto industry covering topics like hacks, scams, lawsuits, money laundering, etc. There is a lot of misinformation and ignorance about crypto that is often misused to scam people who don’t know enough about the industry. Meanwhile, cybersecurity has become a hot issue in the world due to a rising number of hacks both on crypto and traditional financial systems.
Zachxbt alleges Logan Paul is behind multiple crypto “pump and dump” schemes
Logan Paul allegedly hyped and dumped crypto projects like DinkDoink, EthereumMax and others.
Customers sue Coinbase for promoting and trading the GYEN token
The complaint claims that investors placed GYEN orders believing its value was pegged to the Japanese yen, but the price soared seven-fold before plunging 80%.
Record amounts of crypto were stolen in DeFi hacks last quarter
Over $1.26 billion worth of crypto was stolen from DeFi protocols in the first three months of 2022 — and it's about to get worse.
OneCoin creator, Ruja Ignatova, declared wanted in Europe
Filings in the Southern District of New York suggest this damage could be over $4 billion.
Criminals continue to scam people with fake crypto ads on Facebook using Martin Lewis’ images
An FTC report revealed that crypto scams on social media led to the loss of over $700 million to rackets operating on these sites.
Mining Capital Coin CEO charged with $62M crypto fraud
Mining Capital Coin CEO Luiz Capuci Jr. faces multiple charges and may be sentenced to up to 45 years in prison if convicted on all counts.
UK thieves targeting phones to steal crypto
One victim of the attack revealed that a mugger forced him to open his phone with a fingerprint, changed his security settings, and stole £28,700, including cryptocurrency.
US offers $15M for info on Conti ransomware
The U.S. Department of State announced it will pay up to $15 million for information on the Conti ransomware variant.
BitMEX’s Arthur Hayes pleads for leniency
The defense counsel is arguing that the conviction of Arthur Hayes has set enough precedence within the crypto space.
Deus DAO suffers another flash loan exploit, loses over $16M
Deus team has stated that the latest attack did not result in the loss of any of its users’ funds.
Ross Ulbricht’s $183M Silk Road fine to be paid via $2.7B in BTC recovered from hacker
Bitcoin recovered from a wallet linked to a Silk Road hack in 2013 will be used to wipe out the debt owed to the U.S. Government by creator Ross Ulbricht.
Former SafeMoon CTO ‘Papa’ responds to fraud allegations
Coffeezilla is back on the SafeMoon case, this time in conversation with SafeMoon's former CTO who claims no knowledge of the theft of user liquidity.
India’s Finance Minister says crypto could be used for illicit activities
Sitharaman believes the only way to curb the use of crypto in money laundering and terrorist financing is to regulate the space using technology.
Report: Ransomware groups show preference for Monero, charge more for Bitcoin ransom
Ransomware groups charge their victims premiums of about 10% to 20% when ransom payments are made in Bitcoin.
Axie Infinity Ronin Bridge Hacker has already moved 38,293 ETH ($114.8 million)
Hackers who stole over $615 million in the Ronin Network exploit have already moved over $114 million worth of Ethereum.
US Secret Service has seized over $100 million worth of crypto since 2015
An assistant director of the US agency revealed that the federal agency tracks Bitcoin transactions on blockchain.
Zachxbt’s investigation of Project Shura’s $1.7M rug pull leads to public wallet
Project Shura developers reportedly made over $1 million from their collections and then disappeared, leaving investors high and dry.