Get the scoop on finance - sign up for mobile alerts

Scams, Schemes and Hacks

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

Blockchain Analysis Firm Elliptic Says There Is ‘No Evidence’ Hamas Has Raised Significant Crypto Donations

A blockchain analysis firm that specializes in preventing crypto crimes is refuting claims that the Palestinian militant group Hamas raised…

October 27, 2023

Former FTX CEO Sam Bankman-Fried Decides To Testify in Court After Damning Testimonies From Colleagues: Report

Former FTX chief executive Sam Bankman-Fried has reportedly decided to testify in court after his colleagues took the witness stand…

October 25, 2023

FBI Takes Down $15,000,000 Unlicensed Crypto-to-Fiat Transmitting Operation in New York State: Report

The Federal Bureau of Investigation (FBI) has reportedly busted a group of Indian nationals who allegedly operated an unlicensed business…

October 22, 2023