Bitcoin 18 hours ago · 2 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.
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.
North Korean hackers are targeting leading crypto organizations
Arthur Cheong claims the North Korean government sponsors the hackers, making them resourceful and sophisticated.
US claims North Korea’s ‘Lazarus Group’ responsible for Axie Infinity hack
Authorities in the US have blacklisted an Ethereum wallet containing over 100,000 units of the stolen funds.
Unchecked crime forces Kraken exchange to close San Francisco HQ
Cryptocurrency exchange Kraken is shutting down its office in San Francisco as its staff has been facing attacks and robberies amid a significant rise in crime.
Was Netflix’s “Trust No One: The Hunt For The Crypto King” a propaganda play?
The Netflix documentary brings cryptocurrency to the masses, albeit from a less than flatterring set of circumstances.