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Scams, Hacks & Breaches

FTX Meltdown Is Crypto Industry’s Version of Enron Implosion, According to Former US Treasury Secretary

Former US Treasury Secretary Larry Summers thinks the recent meltdown of crypto derivatives exchange FTX is a lot like the…

November 15, 2022

Coinbase CEO Brian Armstrong Says Sam Bankman-Fried Probably Committed Fraud, Warns of More FTX Contagion

Coinbase CEO Brian Armstrong is weighing in on the collapse of crypto exchange FTX, saying that the firm's CEO Sam…

November 14, 2022

Elon Musk Confirms Encounter With FTX, Says Sam Bankman-Fried ‘Set Off My BS Detector’

Tech billionaire and new Twitter CEO Elon Musk says he turned down a meeting with Sam Bankman-Fried earlier this year…

November 12, 2022

Binance CEO Changpeng Zhao Lists Five Classic Red Flags in Crypto Projects Amid FTX Collapse

Binance CEO Changpeng Zhao is warning people after FTX’s collapse to avoid crypto projects that are displaying five key red…

November 12, 2022

FTX Says It’s Been Hacked As $383,000,000 in Crypto Appears To Exit Crumbling Exchange

The crumbling crypto exchange FTX says it's been hacked. As a flood of users began reporting sudden $0 balances and…

November 11, 2022

U.S. Treasury Department Connects Lazarus Group and Tornado Cash to North Korean Nuclear Weapons Programs

The U.S Treasury Department is redesignating the sanction it imposed against crypto mixing service Tornado Cash earlier this year due…

November 9, 2022

IRS Building Hundreds of Crypto Tax Evasion Cases, Says Agency’s Criminal Chief: Report

The U.S. Internal Revenue Service’s (IRS) criminal chief says that the agency is reportedly building hundreds of crypto tax evasion…

November 7, 2022

U.S. SEC Charges Four Individuals Behind Alleged $295,000,000 Crypto Ponzi Scheme

The U.S. Securities and Exchange Commission (SEC) is bringing charges against four individuals the regulator claims propped up a $295…

November 5, 2022

Scam Artists Used Ethereum 2.0 Merge To Steal $1,200,000 in Crypto, According to Chainalysis

Blockchain analysis firm Chainalysis says scam artists stole $1.2 million worth of Ethereum (ETH) during the project's merge to proof-of-stake.…

November 4, 2022

Crypto Exchange Deribit Suffers Hack, $28,000,000 in Bitcoin, Ethereum and USDC Vanish After Wallets Compromised

A crypto exchange platform has been hacked to the tune of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH),…

November 2, 2022