Tag: crime

Aug 13 2022

Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

Aug 13 2022 Published at CryptoSlate under tags  censorship crime legal regulation

CryptoSlate spoke exclusively with a member of the Tornado Cash team who has been granted anonymity for their own protection and will be referred to as "TC Member" for the sake of this article. The Tornado Cash contributor told CryptoSlate's Akiba that "multi-sigs shut down the DAO… we're all out. Better safe than sorry, unless it all calms down a bit." Tornado Cash...

Aug 12 2022

India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

Aug 12 2022 Published at CryptoSlate under tags  crime legal regulation

Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology. India's Enforcement Directorate (ED) confirmed in an Aug. 12 statement that it is investigating...

Aug 11 2022

Alameda-owned RenVM confirms it’s ‘impossible to launder any assets’ through Ren Bridge, debunking claims of $540M in money laundered

Aug 11 2022 Published at CryptoSlate under tags  crime featured rumors technology tokens

Elliptic Connect, a blockchain data analytics firm, released a report Wednesday — widely covered in both the crypto...

Hotbit Suspends Activities Amid Employee Investigation

Reading Time: 2 minutes Hotbit has suspended operations after some of its funds were frozen by law enforcement The action is due to the investigation of a former employee on potential criminal charges User funds are safe and the exchange is working to get them freed...

Aug 09 2022

Curve Finance front end UI compromised in DNS hack – users advised not to interact

Aug 09 2022 Published at CryptoSlate under tags  crime defi hacks

Samczsun, a researcher at Paradigm, is reporting that the Curve Finance front end has been compromised, with over $500k stolen within a matter of minutes....

US vows to ‘aggressively pursue’ crypto mixers following Tornado Cash sanctions

Aug 09 2022 Published at CryptoSlate under tags  crime culture people politics privacy

U.S. Secretary of State Anthony Blinken warned that the administration would continue to "aggressively pursue" crypto mixers suspected of laundering illicit funds. We’ll continue to aggressively pursue actions against currency mixers laundering virtual currency for criminals....

Aug 08 2022

Phantom Wallet Victim Sues Google Over Fake App

Reading Time: 2 minutes The victim of a fake Phantom Wallet app is suing Google Jacob Pearlman lost over $800,000 worth of cryptocurrencies and NFTs when he installed a fake app from the Google Play Store The case acts as a reminder to go through official channel for...

Alexander Vinnik Starts U.S. Legal Fight

Aug 08 2022 Published at FullyCrypto under tags  crime cryptocurrency news mt. gox

Reading Time: 2 minutes Alexandr Vinnik last week appeared before a U.S. judge to answer money laundering claims U.S. authorities say Vinnik laundered more than $4 billion in bitcoin for criminals, including the Mt. Gox hackers Vinnik was released early from a Paris...

Aug 05 2022

Nomad Bridge offers 10% bounty to recover stolen funds, whitehat hackers have returned $22M so far

Aug 05 2022 Published at CryptoSlate under tags  crime hacks

Nomad Bridge has announced a 10% bounty for hackers who return at least 90 % of the total funds in their custody. In response, Whitehat hackers have returned $22 million as of August 5. The bridge was drained of $190.7 million on August 1 after a hacker stole 100 wBTC worth $2.3 million. The exploit was copied by hundreds of addresses which saw...

Aug 04 2022

Ex-Coinbase Manager pleads not guilty to insider trading charges

Aug 04 2022 Published at CryptoSlate under tags  crime exchanges legal

Ex-Coinbase Product Manager Ishan Wahi has pleaded not guilty to fraud charges leveled against him by the U.S. Department of Justice before a Manhattan federal court on Aug. 3. Ishan was first arraigned before the court last month on charges of...

Ex-Coinbase Exec Pleads Not Guilty to Insider Trading

Reading Time: 2 minutes Ex-coinbase exec Shan Wahi has pleaded not guilty to charges relating to insider trading Wahi is accused of profiting by sharing privileged information on token listings with others His lawyer argued that cryptocurrencies don’t fall within...

Aug 01 2022

North Koreans reportedly targeting crypto jobs for insider access

Aug 01 2022 Published at CryptoSlate under tags  crime crypto north korea scams

Crypto thieves from North Korea are impersonating experts using fake resumes and identities, Bloomberg News reported Aug. 1. According to Bloomberg, interviews with cybersecurity experts showed that these fraudsters actively plagiarize information from legitimate profiles to apply for...

US SEC charges 11 for role in $300M Forsage crypto pyramid scheme

Aug 01 2022 Published at CryptoSlate under tags  binance crime ethereum forsage tron

The US Securities and Exchange Commission (SEC) charged eleven people on August 1 for their involvement in Forsage, a fraudulent crypto pyramid scheme that raised $300 million from investors around the world. According to the SEC, Forsage started as a "website that allowed millions of retail investors to enter into transactions via smart contracts that operated on the Ethereum (...

Jul 30 2022

NFT News Roundup – 30/07/22

Jul 30 2022 Published at FullyCrypto under tags  adoption crime nft nft news

Reading Time: 3 minutesIt’s Saturday, which means it's time to unwrap the week’s NFT news, lay it all out on the picnic blanket and fight over the sausage rolls. Did anyone bring a knife? City of Miami to Launch NFT Collection The city of Miami isn’t letting the crypto winter...

Jul 28 2022

US Senator Brown seeks safeguards disclosures from Apple, Google amid rise in fake crypto apps

Jul 28 2022 Published at CryptoSlate under tags  adoption crime regulation scams

U.S. Senator Sherrod Brown (D-Ohio) sent letters to Tim Cook, CEO of Apple, and Sundar Pichai, CEO of Google and Alphabet on July 28, asking for information about what the companies are doing to protect users from fraudulent cryptocurrency apps. The move comes after the Federal Bureau of Investigation (FBI) issued a...

South Korean officials conclude week-long raid in Terra-LUNA case

Jul 28 2022 Published at CryptoSlate under tags  crime legal

After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. The Seoul Southern District Prosecutors Office is investigating the collapse of TerraUSD (USTC) and allegations of fraud against Terraform Labs co-founders Do Kwon and Daniel Shin....

Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%

Jul 28 2022 Published at CryptoSlate under tags  crime flash loan hacks nirvana solana

Solana-based DeFi protocol, Nirvana Finance lost $3.5 million to a flash loan attack on July 28. 1/ On 28 July, adaptive...

Jul 26 2022

Cryptojacking in finance soared 269% in H1 2022

Jul 26 2022 Published at CryptoSlate under tags  crime scams

Cryptojacking in the finance sector went up by 269% in the first half of this year, cybersecurity firm SonicWall reported. The finance sector, which used to experience nearly the least numbers of cryptojacking incidents, faced the highest number of attacks this year, the report stated. In fact, the number of cryptojacking attacks in the finance...

Attackers stole $6 million from Audius by exploiting a bug in the contract

Jul 26 2022 Published at CryptoSlate under tags  crime hacks

Decentralized music streaming platform Audius was exploited on July 23 when an attacker exploited a vulnerability in its governance smart contract code. According to Audius' analysis of the hack, the attacker stole over 18.5 million AUDIO tokens, the platform's native cryptocurrency, worth around $6.05 million at the time. The hacker identified a flaw in the...

Jul 25 2022

Teddy Doge developers pull out $4.5 million in alleged ‘soft rug pull’

Jul 25 2022 Published at CryptoSlate under tags  crime scams

Investors of BNB chain-based meme coin Teddy Doge (TEDDY) have become the latest victim of a "soft rug pull," blockchain security and analytics firm PeckShield alleged in a July 25 tweet. Rug pulls refer to scams where developers of a cryptocurrency project attract investors and then abandon the project and abscond with the money. Wallets connected to developers of the project got hold...

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