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Scams, Hacks & Breaches

Crypto Advocacy Group Coin Center Looking To File Amicus Brief To Support Samourai Wallet Co-Founders

The nonprofit crypto advocacy group Coin Center is mulling whether to file an amicus brief in support of the co-founders…

May 1, 2024

Crypto Exchange Executives and 29 Other People Accused of Running $24,560,000 Fraud Scheme in Taiwan: Report

Authorities in Taiwan are reportedly accusing crypto exchange executives and dozens of others of running a multimillion-dollar crypto scam. According…

April 28, 2024

Bank Employee Hijacks Dead Customer’s Account, Drains $105,000 in Morbid Money Scheme: DOJ

A former employee at a commercial bank in the US just pleaded guilty to draining $105,000 from a deceased customer's…

April 27, 2024

Two US Senators Pen Open Letter to DOJ and DHS Concerning Crypto Use by Child Abusers

Two US Senators are writing a bipartisan letter to federal agencies about the potential use of crypto assets by child…

April 26, 2024

SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report

The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with…

April 24, 2024

Sam Bankman-Fried Agrees To Cooperate in the Investigation of Celebrities Who Promoted FTX

Imprisoned FTX founder Sam Bankman-Fried has agreed to cooperate against other defendants in FTX civil litigation. The disgraced former crypto…

April 23, 2024

$21,000 Drained From Bank of America Account As Customer Blasts Industry’s Push To Protect Trillions of Dollars

A Bank of America customer says he lost tens of thousands of dollars after bad actors found a way to…

April 20, 2024

DeFi Platform Hacked for at Least $1,900,000 and Possibly More on Ethereum and Arbitrum Blockchains

A decentralized finance (DeFI) protocol has been hacked to the tune of millions of dollars over the Ethereum (ETH) and…

April 19, 2024

Crypto Trader Behind $110,000,000 Mango Markets Exploit Convicted on Fraud Charges

A jury has unanimously found the trader behind the $110 million exploit of Solana (SOL)-based decentralized finance (DeFi) trading platform…

April 19, 2024

IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax…

April 14, 2024