Get the scoop on finance - sign up for mobile alerts

Scams, Hacks & Breaches

New York’s First Bitcoin Money Laundering Case Pins Ringleaders Using Crypto in Drug Trade Operation

Callaway Crain and Mark Sanchez pleaded guilty to running a steroid and controlled substance business which laundered millions of dollars…

April 24, 2019

Samsung Galaxy S10 With Supported Crypto Wallet for Ethereum Gets Hacked: Report

The new Samsung Galaxy S10 has reportedly been hacked. Widely touted as a game-changer for the crypto community because of…

April 7, 2019

Sweden’s Oldest Bank (Not Bitcoin) Under Criminal Probe for Mega Fraud, Chairman Quits, CEO Fired

The shakeup at Sweden’s oldest bank, Swedbank AB, continues. Amid allegations of a multi-billion-dollar money laundering scheme, Lars Idermark, Swedbank's…

April 5, 2019

Banks (Not Bitcoin) Embroiled in Multi-Billion Dollar “Troika Laundromat” Money Scheme Spreading Across Europe

The "Troika Laundromat" scandal is spreading across Europe and the US, implicating a long list of banks and financial institutions…

March 7, 2019

Swiss Bank UBS (Not Bitcoin) Fined $5.1 Billion for Money Laundering Scheme

A Paris court just hit Swiss Bank UBS AG with a $5.1 billion fine, after finding the investment bank guilty…

February 21, 2019

Banks (Not Bitcoin) Carry the Torch for the $2 Trillion Money Laundering Industry

As the narrative goes, Bitcoin is supposed to make it easy for criminals to conduct illegal transactions. But the amount…

February 5, 2019

Crypto Losses Total $865 Million From 2018 Bitcoin Exchange Hacks As Freshly Stolen Ethereum-based Tokens Are Frozen on Binance

As 2019 ushers in the Cryptopia breach, the new year's first crypto exchange hack, a look at 2018 shows $864…

January 16, 2019

A Cautionary Tale for Crypto As Cryptopia Reports First Bitcoin Exchange Hack of 2019

New Zealand-based crypto trading platform Cryptopia went offline for "unscheduled maintenance" on Sunday, January 13th, making a surprise announcement on…

January 15, 2019

Cryptocurrency Exchange Denies Charges of Duping Traders With Over $250 Billion in Fake Crypto Orders

South Korea’s largest cryptocurrency exchange by volume has allegedly faked over $250 billion worth of orders through replicated accounts and…

December 22, 2018

The Crypto Lark: How Many Times Have the Offices of Bitcoin Been Raided?

In a fresh take on an old story, The Crypto Lark is covering the latest scandal at Deutsche Bank. His…

December 3, 2018