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.
Dutch police arrest suspected Bitcoin thief by tracing transactions on blockchain
Dutch authorities' investigations revealed that the alleged thief laundered Bitcoin with the use of malicious software from the open-source Electrum wallet.
South Korea sentences metaverse sexual abuser to 4 years imprisonment
The unnamed man was banned from working in any entity involving minors and the disabled. He also must attend a mandatory program for sexual offenders.
US lawmakers warn that Facebook, Instagram are ‘becoming breeding ground’ for crypto scams
An FTC report states that Meta's Instagram facilitated 32% of scams reported on social media, while Facebook and WhatsApp were cited 26% and 9% of the time, respectively.
Coinbase employee accused Cobie of spreading insider trading claim because of FTX
According to the allegation, FTX CEO Sam Bankman-Fried found evidence of insider trading at Coinbase and used Cobie's influence to spread the news.
Former NetVRk CEO claims founders used investor funds to buy real-world luxury home
NetVRk, a web3 metaverse project, is in the midst of a scandal as Ex-CEO Daniel Kennedy took to Twitter to make allegations of embezzlement toward the project founders. NetVRk deny the allegations.
Report: Arrested Tornado Cash Developer allegedly historic links to Russian intelligence agency FSB
Alexey Pertsev previously worked as a developer for Digital Security OOO, which was sanctioned by the U.S. Treasury in 2018 for aiding Russia's offensive cyber capabilities.
Celsius sues KeyFi, alleges Jason Stone stole over 1,000 ETH of investor funds for NFTs
Celsius hits back at Jason Stone claiming he used client funds to buy CryptoPunks while losing 30,000 ETH in a bad DeFi trade.
SudoRare developers reap $815,000 from rug pulling project
Six-day old SudoRare protocol has cost investors $815,000 after developers shut down the project.
Former OpenSea exec claims insider trading laws cannot apply to NFTs
Nate Chastain is under trial for exploiting OpenSea's NFT data for his personal trades and has requested the court to dismiss his case on a technicality based on Carpenter wire fraud theory.
Ronin bridge Hackers used ChipMixer to launder over $73M of stolen funds
Ronin bridge hackers, the Lazarus Group found a new home in ChipMixer after using the protocol to launder 3,460 BTC stolen from the Ronin bridge
NEAR Rainbow Bridge defends weekend attack costing hacker 5 ETH
NEAR/ETH bridge defended an attack in 31 seconds over the weekend that resulted in the attacker losing funds and no loss of user funds.
Developers could be punished for code created to commit crime, says Dutch regulator
The comments of FIOD, which arrested a Tornado Cash developer last week, could have far-reaching impacts on all blockchain developers.
Do Kwon hires lawyer in preparation for defense in South Korea
Do Kwon recently claimed South Korean prosecutors were yet to contact him nor file any charges against him.
Dutch Authority says arrested Tornado Cash developer suspected of involvement in financial crimes
The FIOD confirmed that the arrested Tornado Cash developer was suspected of being involved in the hiding of criminal financial transactions and facilitating money laundering.
Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe
According to a member of the Tornado Cash team, the DAO has been shut down as it "can't fight the US" and contributors are scared of being prosecuted
India’s ED freezes $46 million of Vauld’s funds on money-laundering charges
Vauld's entity in India failed to conduct due diligence on funds sent through the exchange and was uncompliant with India's Enforcement Directorate.
Alameda-owned RenVM confirms it’s ‘impossible to launder any assets’ through Ren Bridge, debunking claims of $540M in money laundered
Elliptic Connect, a blockchain data analytics firm, claimed that Alameda Research-owned RenVM allowed $540M to be laundered through its cross-chain bridge.