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Scams, Hacks & Breaches

Ex-CEO Pleads Guilty to Defrauding Investors With ‘Cherry-Picking’ Scheme Involving Crypto Futures Contracts

The former CEO of an investment firm marketed as offering algorithmic trading strategies involving crypto futures contracts is pleading guilty…

October 13, 2023

Ex-Alameda CEO Caroline Ellison Says Sam Bankman-Fried Directed Her To Commit Crimes As Trial Enters Week Two

Former Alameda Research chief executive Caroline Ellison says former FTX CEO Sam Bankman-Fried directed her to commit fraud. Ellison said…

October 12, 2023

Caroline Ellison Says Alameda Paid Massive Bribe to Chinese Officials To Unfreeze $1,000,000,000: Report

Caroline Ellison, close confidant of former FTX CEO Sam Bankman-Fried, says that the exchange's trading arm Alameda Research paid a…

October 11, 2023

FTX’s ‘Insurance Fund’ Was an Arbitrary, Made-Up Number, According to Co-Founder Gary Wang: Report

What FTX listed as its "Insurance Fund" was actually a fake amount calculated with the help of a random number…

October 10, 2023

$7,000,000,000 in Illicit or High-Risk Funds Laundered Through Cross-Chain Protocols: Crypto Analytics Firm

Blockchain research firm Elliptic says the amount of funds laundered through cross-chain and cross-asset services reached a ten-figure sum in…

October 10, 2023

Avalanche (AVAX)-Based Social Finance Platform Suffers $2,900,000 Exploit: Peckshield

A social finance (SocialFi) platform built on Avalanche (AVAX) has suffered losses after bad actors targeted a smart contract vulnerability. …

October 8, 2023

Alameda Tapped Billions of Dollars in FTX User Funds As Early as 2019, Says Co-Founder Gary Wang: Report

The co-founder of bankrupt digital asset exchange FTX says that its sister firm Alameda had been using billions of dollars…

October 8, 2023

Crypto Hacker Strikes Web3 Platform Galxe With Domain Attack, Appears To Have Stolen Around $200,000

A hacker hit web3 platform Galxe (GAL) with a domain attack on Friday morning and appears to have made off…

October 7, 2023

DOJ Seeks To Seize Two Luxury Jets Allegedly Owned by Sam Bankman-Fried As FTX Trial Enters Third Day

The U.S. Department of Justice (DOJ) is looking to seize two luxury jets that are allegedly owned by former FTX…

October 5, 2023

Trio Involved in Crypto Fraud Sentenced to Prison, Ordered To Forfeit $100,000,000 in Bitcoin and Other Assets

Three of the perpetrators behind the AirBit Club cryptocurrency Ponzi scheme are now facing jail time and forfeiture of millions…

October 5, 2023