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.
FBI: Lazarus Group carried out Harmony’s Horizon Protocol attack
The FBI has come forward to announce that the North Korean hacking group Lazarus was responsible for last year's exploit.
Europol arrests 5 Bitzlato senior executives
Europol has arrested 5 of Bitzlato's senior executives, including the CEO, financial director, and marketing director in Spain.
SEC says Mango Markets attacker stole $116M, violated securities laws
Avraham Eisenberg faces permanent injunctions and penalties of an unknown amount.
Crypto ransomware payments fall 40% in 2022
Ransomware payments fell $309M in 2022 from a high of $766M in 2021 as victims refuse to pay OFAC sanctioned attackers
S. Korea indicts 20 people for illegal $170M crypto profiteering
The accused individuals sent around $3.2B out of S. Korea under false pretenses, violating foreign exchange laws, to buy crypto abroad.
Hong Kong exchange Bitzlato seized; founder arrested
Bitzlato was the second-largest crypto transactions counterparty for users of Hydra, the darknet marketplace shut down last year.
Wallets of NFT influencer drained in OBS malware attack
Along with draining all crypto and NFTs, the attackers gained control of NFT God's social media accounts and his Substack blog.
BitConnect victims will receive $17 million: DOJ
Compensation will be delivered to 800 people around the world.
Nexo offices raided on allegations of financial crimes
Nexo is alleged to be involved with evading Russian sanctions and "appropriating" users' funds.
Sanctions caused cybercriminals to lose $15M in potential revenue in 2 months
Hydra shut down and monthly inflows to Tornado Cash dropped by 68% following sanctions. But Garantex saw monthly inflows more than double.
Godfather malware targets crypto, banking apps
The phishing tool exclusively targets Android devices and steals login data.
Chinese criminal steals $4.1M in crypto from victim’s car
The attacker used the investor's facial ID to unlock his wallet and transferred the funds to his own address.
U.S. officials invite SBF victims to send an email
Victims of Sam Bankman-Fried can contact the Southern District of New York.
Mutant Ape Planet NFT developer charged with fraud for selling ‘worthless asset’
Roughly $3 million of investors' funds were taken by Aurelien Michel through a smart contract backdoor function.
FTX engineering director Nishad Singh is being probed by U.S. authorities
Singh is the latest of Sam Bankman-Fried's associates to come under investigation.
US Court orders detention of Mango Markets exploiter over flight risk
Avraham Eisenberg has been remanded to the custody of the U.S. Attorney, who will oversee his imprisonment pending trials.
SEC charges 8 people tied to CoinDeal scheme
The perpetrators raised $45 million by promising profitable blockchain technology.