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crime in crypto

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation.

21 MAY 2022

News

Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme

Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million.

18 MAY 2022

News

Veteran Analyst Who Called 2018 Bitcoin (BTC) Meltdown Analyzes Path Ahead After ‘Puke-Out Capitulation’

Veteran trader Peter Brandt says that Bitcoin (BTC) could be on the verge of ending the downward trend that started nearly a year ago.

13 MAY 2022

News

Hackers Steal $80 Million From DeFi Platforms Fei Protocol And Rari Capital

Hackers are at it again, and this time they hit it big time. According to a tweet from smart contract research company BlockSec, decentralized finance platform Fei Protocol and Rari Capital are the latest victims of cybercriminals.

1 MAY 2022

News

Another 6 Members of Finiko Crypto Pyramid Arrested in Russia

Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted dozens of searches as part of an ongoing investigation into the pyramid, which defrauded investors around the world.

23 APRIL 2022

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Crypto Use Is More Rampant In Corrupt Countries, IMF Study Shows

The International Monetary Fund has recommended for increased regulation of the cryptocurrency trade, citing the widespread use of digital assets in nations deemed corrupt or with severe financial restrictions.

12 APRIL 2022

News

Germany shuts down Russian darknet marketplace Hydra

Hydra 'was probably the illegal marketplace with the highest turnover worldwide'

7 APRIL 2022

News

How Scammers Used CoinMarketCap To Carry Out Crypto Scheme

Scams happen all the time in the crypto space but recently, the scammers have had to go through more sophisticated channels to make their scams more believable since more people are aware of how the more popular scams are carried out. This was the case in a recent crypto scheme that saw CoinMarketCapinvolved through what is presumed to be a hack. This report shows how these hackers who have made away with more than $100K did it.

5 APRIL 2022

News

U.S. warns crypto firms against helping Russia: “We will hold you accountable”

Authorities in the US appears convinced that Russia could use cryptocurrencies to evade sanctions.

1 APRIL 2022

News

The Crypto Scam Bystander: A Glimpse At Facebook’s Metaverse

Two crypto scam-related lawsuits stack up on top of Meta’s (Facebook’s new name) large pile. The allegations and the company’s reactions serve well to form an opinion about a possibly disastrous metaverse of our future.

1 APRIL 2022

News

Manchester police returned over $25 million in stolen cryptocurrency to scam victims

Police are looking for other victims of a scam related to Binance smart chain which left some investors out of pocket more than $230,000.

27 MARCH 2022

News

North Korea using hackers to raise revenue via crypto heists

Mandiant, a cybersecurity company which was recently acquired by Google, released a report detailing some of North Korea's cyber operations and how the country is using hackers to raise money via theft of crypto assets.

27 MARCH 2022

News

You may ‘lose all the money you invest’ in crypto, warns Irish central bank

“Crypto assets are highly risky and speculative, and may not be suitable for retail customers,” argued the regulator.

25 MARCH 2022

News

How This Crypto Investor Lost Millions Amid Phishing Attack, Lazarus Group Involved?

DeFiance Capital founder and crypto investor Arthur Ox was the victim of a phishing attack. Bad actors managed to compromise Ox’s hot wallet and took control of over $1.5 million in non-fungible tokens (NFTs).

24 MARCH 2022

News

Facebook sued in Australia for fake crypto ads

Facebook says these crypto ads violate its policies and its working to curb their spread.

20 MARCH 2022

News

The XQR project's 5bill Token turned out to be a scam: who are its creators and what awaits the scammers

The XQR project's 5bill Token turned out to be a scam: who are its creators and what awaits the scammers

Cryptocurrencies are without a doubt the money of the future. In light of their rise in popularity in the world, new cryptocurrency projects regularly appear, promising either exorbitant profits or a solution to “all of your problems”. However, most of these projects are nothing but scams.

19 MARCH 2022

News

Better Business Bureau Warns About Cryptocurrency — BBB Ranks Crypto Scams Second Riskiest

The U.S. Better Business Bureau (BBB) says cryptocurrency scams have become the second riskiest. In addition, the organization noted that “Payment made via cryptocurrency that resulted in a monetary loss more than doubled from 2020.”

17 MARCH 2022

News

Crypto Scam: SEC Slaps Siblings With $124 Million ‘Snake Oil’ Fraud Charge

A cryptocurrency entrepreneur and his sister have been charged by US officials with crypto scam on Wednesday, accusing them of defrauding retail investors of millions of dollars using a bogus cryptocurrency.

10 MARCH 2022

News

Hacker Group Anonymous Vows to Disrupt Russia's Internet — RT Websites Become 'Subject of Massive DDoS Attacks'

The international hacktivist collective known as Anonymous has vowed to attack Russian government websites over the recent Ukraine invasion. So far Anonymous says that it hacked the Russian Ministry of Defense database and various state-operated television channels in Russia. Additionally, a spokesperson from Russia Today (RT) said that after Anonymous’ recent statement, RT websites were inundated with DDoS attacks.

3 MARCH 2022

News

Google Cloud to detect crypto-mining malware on virtual machines

Bad actors using malware to steal GPU power to mine crypto will have to up their game to deal with Google Cloud's latest security protocol.

7 FEBRUARY 2022

News

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