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Scams, Hacks & Breaches

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

US Government, Binance and Thai Police Take Down ‘Pig Butchering’ Ring As $277,000,000 Seized From Scammers

The US government, Thai police, and the world’s largest crypto exchange platform by volume just toppled a multi-million-dollar crypto scam.…

October 3, 2023

Sam Bankman-Fried’s Lawyers Push To Block FTX Investors and Insiders From Testifying As Jury Selection Starts

Sam Bankman-Fried's legal team is attempting to block certain investors and insiders from testifying at the crypto outcast's highly publicized…

October 3, 2023

$889,260,000 in Crypto Lost to Hacks, Scams and Rug Pulls in Q3 of 2023, According to Blockchain Security Firm

Web3 security company Beosin EagleEye says that there was a drastic increase in illicit crypto activities during the third quarter…

October 3, 2023