Category : Scams, Hacks & Breaches
SEC Charges Brothers for Fake Crypto Trading Bot That Led to Misappropriation of About $54,000,000
The U.S. Securities and Exchange Commission (SEC) charged two brothers with allegedly operating a $61.5 million Ponzi scheme that relied on promoting a fake crypto...
DOJ Thanks Tether for Assistance in Seizure of $5,000,000 USDT in Fraud Scheme
The U.S. Department of Justice (DOJ) says stablecoin issuer Tether has helped authorities recover funds stolen for victims of a prevalent crypto investment scam. In...
Ex-CEO of Collapsed Bank Sentenced to Over 24 Years in Prison for Embezzling $47,100,000 in Crypto Scheme: DOJ
The former CEO of a failed bank in Elkhart, Kansas will spend 24 years behind bars after funneling millions of depositors’ money into a cryptocurrency...
Solana-Based DeFi Platform Mango Markets Drafts Proposal for Settlement Conditions With SEC
A decentralized finance (DeFi) platform based on the smart contract platform Solana (SOL) is drafting a proposal to settle with the U.S. Securities and Exchange...
New Bank Scam Boosts Account Balances, Tempts Targets Into Giving Their Money Away: FTC Warning
A new scam is hitting US bank accounts by starting with an unusual target – people’s photos on social media. In a warning to consumers,...
Manhattan District Attorney Charges Man Who Allegedly Used Fake Crypto Recovery Business To Steal From Customers
A man who operated a purported crypto asset recovery business has been arrested and is now facing criminal charges for allegedly defrauding dozens of people....
JPMorgan Chase and Wells Fargo Reimburse 4% or Less of All Scams Reported by Customers on Billion-Dollar Payments Network: Report
JPMorgan Chase and Wells Fargo are refusing to reimburse the vast majority of customers who send their money to scammers, according to a new report....
‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks
New research from TRM Labs shows that Russian-speaking actors play the largest role in most crypto-related cybercrimes. According to a TRM Report, the crypto-enabled cybercrimes...
Hong Kong Police Arrest Four for Allegedly Using Fake Banknotes To Swindle $1,400,000 in Crypto: Report
Authorities in Hong Kong have arrested four people for allegedly defrauding victims out of cryptocurrency worth approximately $1.4 million using counterfeit cash. According to a...
Crypto Sleuth Suggests $230,000,000 WazirX Crypto Hack Linked to North Korea’s Lazarus Group
A crypto exchange based out of India has confirmed a multi-million dollar security breach on a multi-sig wallet. According to the India-based exchange WazirX, the...