Get the scoop on finance - sign up for mobile alerts

Scams, Hacks & Breaches

Sam Bankman-Fried Found Guilty of Committing Billion-Dollar Fraud at FTX and Alameda Research

Sam Bankman-Fried has been found guilty of spearheading a billion-dollar fraud against customers and investors at the crypto exchange FTX…

November 2, 2023

CFTC Commissioner Says Majority of Tips in Whistleblower Program Involve Crypto

The Commodity Futures Trading Commission (CFTC) says that most of the tips called into its Whistleblower Program in 2023 involved…

November 2, 2023

Sam Bankman-Fried’s Lawyers Claim Prosecution Painted Him as ‘Monster’ in FTX Fraud Trial’s Closing Arguments

The attorneys of disgraced FTX founder Sam Bankman-Fried argued that the prosecution is unfairly painting the defendant as a “monster”…

November 2, 2023

Do Kwon and Terraform Labs Seek Summary Judgement in SEC Lawsuit, Citing ‘Severe Deficiencies’ in the Case

Terraform Labs and its co-founder Do Kwon are asking the Southern District of New York court to strike out parts…

November 2, 2023

Prosecutors Say Sam Bankman-Fried Is ‘Guilty Beyond Reasonable Doubt’ in Closing Statements

The prosecutors in the FTX fraud trial say that disgraced Sam Bankman-Fried is guilty beyond reasonable doubt following his testimony…

November 1, 2023

$4,500,000 in Crypto Stolen From Victims of LassPass Hack in One Day Alone: On-Chain Data

An on-chain sleuth says that users of the LastPass password manager application have lost millions of dollars in crypto to…

October 31, 2023

Sam Bankman-Fried Describes Fearing ‘Run on the Bank’ Before FTX Collapse in November of Last Year: Report

The disgraced former CEO of the bankrupt crypto exchange FTX is testifying in his own fraud trial against the US…

October 30, 2023

FTX and Alameda Move Nearly $20,000,000 in Solana (SOL) and Other Altcoins in Just One Day: On-Chain Data

The estate of bankrupt crypto exchange FTX and its associated trading arm Alameda Research was seen moving almost $20 million…

October 30, 2023

Sam Bankman-Fried Says Alameda Did Not Hedge After $30,000,000,000 Drop in Assets: Report

The disgraced founder of crypto exchange FTX Sam Bankman-Fried reportedly says that Alameda Research did not attempt to hedge after…

October 29, 2023

US Treasury Deputy Secretary Says Vast Majority of Terror Group Financing Does Not Come From Crypto

The Deputy Secretary of the US Treasury says cryptocurrencies do not account for the lion's share of terror group financing. …

October 29, 2023