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Scams, Hacks & Breaches

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

Citibank Allows Fraudulent Wire Transfers To Proceed After Customers Report Scams, Ask Bank To Freeze Accounts: New York Attorney General

New York Attorney General Letitia James says one of America's biggest banks does nothing to stop fraudulent wire transfers even…

April 13, 2024

Wells Fargo Says It Has Suffered Data Breach, Blames Employee for Exposing Personal Information on Pair of Customers

Banking titan Wells Fargo says it suffered a data breach that exposed sensitive information on at least two of its…

April 13, 2024