crime in crypto

Since the crypto industry expanded its growth, it has become the favorite place for hackers to commit exploits. The Ethereum vanity addresses generated via the Profanity tool have now become the latest loophole to dupe millions of crypto users.

Crypto crimes have become a primary concern since digital assets grew up in recent years. Seeing the current market volatility and risks involved in cryptocurrencies, U.S. Fed has adopted a hawkish approach to fighting market inflation. On the other hand, Australia is attempting to deal with the issue by setting up a crypto-focused police unit.

Based on an independent investigation, Binance’s security team identified two suspects that may be responsible for orchestrating the virtual heist of $265,000 on KyberSwap.

Cyber threat intelligence firm, Check Point Research identified Nitrokod as a crypto miner malware that has infected thousands of PCs across 11 countries.

Zhu, whose whereabouts had been unknown for weeks, delivered an affidavit that disputed Teneo claims and elucidated the internal structure of the failed hedge fund.

A 19-part thread outlines the sophisticated strategies scammers are using to part crypto users from their funds.

Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs claim that Voyager was “a massive Ponzi scheme” and Cuban “duped millions of Americans into investing.”

If extradited to the United States, crypto exchange BTC-e’s alleged operator Alexander Vinnik will become a “hostage” due to the ongoing conflict in Ukraine, according to his Greek lawyer. France is likely to send the Russian back to Greece soon and Zoe Konstantopoulou is trying to prevent his subsequent transfer to U.S. custody.

Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised.

A computer hacker going by the name of ChinaDan has managed to steal the personal data of around a billion Chinese citizens and has put it up for sale on the dark web for the price of 10 bitcoins.

The Federal Trade Commission (FTC) issued a consumer alert last month regarding the growing risk of crypto frauds. The FBI is now adding its voice to the chorus by issuing its own warning.

According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack.

Elliptic revealed that there have been several instances where the popular meme coin have been used by bad actors for their gain.

Global politicians’ claims that crypto is the criminal world’s currency of choice may be wide of the mark, another report reitarates.

The BAYC Community Manager has reportedly had his Discord account breached resulting in scam giveaways being posted on the official BAYC Discord.

The Federal Trade Commission (FTC) is laying out the scope and methods used by crypto fraudsters to rack up a billion dollars in illicit gains.

South Korean media outlets say they have unearthed evidence that a blockchain firm based in Seoul has a close relationship with Terraform Labs – and may have been developing for the Terra network under the radar. But the plot may already have thickened – with allegations that the National Tax Service (NTS) found evidence of a “suspicious flow of transactions” between the firm and Terraform Labs when it investigated the firms last year.

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.

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.