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Scams, Schemes and Hacks

US Feds Arrest Three Men for Allegedly Duping Banks out of $10,000,000 and Funneling Cash to Crypto Exchanges

Federal law enforcement authorities have arrested three men accused of scamming millions from US banks and financial institutions and then…

November 17, 2023

Former FTX Employee Sues Bankrupt Crypto Exchange Seeking $275,000 in Unpaid Bonus: Court Docs

A former FTX employee who was hired to work with the fallen crypto empire’s charity wing is taking legal action…

November 16, 2023

$27,000,000 in USDT Stolen by Hackers From Hot Wallet Connected to Binance Deployer: On-Chain Data

Hackers reportedly stole more than $27 million worth of the top stablecoin USDT from a Binance hot wallet over the…

November 14, 2023

Binance CEO Says Executives From Client Were Lured Into Massive $12,500,000 Crypto Robbery Setup

The CEO of the world’s largest crypto exchange says that executives from one of its clients recently fell victim to…

November 12, 2023

Hackers Hit World’s Largest Bank, Forcing Financial Giant to Rely on USB Stick to Settle Trades: Report

Engineers are investigating how hackers managed to crack the New York arm of the Industrial & Commercial Bank of China…

November 11, 2023

Tron Founder Justin Sun Offers 5% Cut to Hacker After Poloniex Crypto Exchange Loses $125,000,000 in Cyber Heist

Tron (TRX) founder Justin Sun is offering a 5% white hat bounty to the hacker who exploited the exchange Poloniex…

November 10, 2023

UK Law Enforcement Works With Kraken To Recover Nearly $2,320,000 Worth of Stolen Crypto for Fraud Victims

Police officers in the UK targeting cross-border crimes say that they have worked with US-based digital asset exchange Kraken to…

November 10, 2023

Compliance Official Pleads Guilty to Money Laundering Charges Over Role in Infamous OneCoin Crypto Scheme

A top-level OneCoin executive is pleading guilty to accusations arising from her alleged participation in the multi-level marketing (MLM) scam…

November 10, 2023

DOJ Announces Plan To Control $54,000,000 in Crypto Allegedly Obtained in Illegal Narcotics Scheme

The U.S. Department of Justice (DOJ) is announcing a plan to seize millions of dollars worth of crypto that was…

November 5, 2023

FBI Collected Transactional Data of FTX Customers During Bankruptcy Proceedings, According to Billing Records

New data reveals that the Federal Bureau of Investigation (FBI) collected transactional data of FTX customers as the troubled crypto…

November 3, 2023