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Scams, Schemes and Hacks

Sam Bankman-Fried Speaks From Prison, Says FTX Victims Deserve To Be Paid in Full at Current Prices: Report

The founder and former CEO of the now-collapsed FTX crypto exchange is speaking out from behind bars. Last week, a…

April 1, 2024

Online Pirated Streaming Content Witnesses Surge in Crypto Payments Between 2019 and 2023: Chainalysis

Crypto assets are increasingly being used to pay for pirated online streaming content, according to the blockchain analysis firm Chainalysis.…

March 30, 2024

Hackers Loot Ethereum-Based DeFi Protocol Prisma Finance for $11,600,000 Worth of Crypto: PeckShield

Bad actors have exploited decentralized finance (DeFi) protocol Prisma Finance and stole 3,257.69 Ethereum (ETH) worth $11.6 million, according to…

March 29, 2024

Disgraced FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison After Fraud Conviction

A US judge has sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison after the former crypto tycoon…

March 28, 2024

Hacker Steals Over $65,200,000 From Crypto Game Built on Blast Blockchain – Then Returns Everything: On-Chain Data

A crypto game built on the layer-2 blockchain Blast lost over 60% of the total value of assets on its…

March 28, 2024

$4,100,000 Crypto Fraud Scheme Promising Large Returns Busted in South Korea: Report

South Korean police have detained two individuals for allegedly running a fraudulent crypto-based scam. According to the South Korean news…

March 26, 2024

London Resident Holding $2,500,000,000 in Bitcoin Convicted on Money Laundering Charges: Report

A woman who converted Bitcoin (BTC) into luxury houses and jewelry has reportedly been found guilty of engaging in a…

March 25, 2024

Hong Kong Woman Scammed out of Nearly $1 Million After Sending Money To Fake Crypto Trading Platform: Report

A Hong Kong woman has reportedly been scammed to the tune of nearly $1 million after being enticed to send…

March 25, 2024

Ava Labs CEO Issues Warning, Says Rise of ‘Trash L2s’ Will Fill Void of Sam Bankman-Fried

Ava Labs CEO Emin Gün Sirer is warning that crypto markets will see another wave of dangerous riff-raff projects rise…

March 25, 2024

JPMorgan Chase, Bank of America and Six Financial Giants Pay $70,000,000 Settlement Over Allegations of ‘Widespread Fraud and Collusion’

Eight financial giants are shelling out tens of millions of dollars to settle a decade-long whistleblower lawsuit. JPMorgan Chase, Bank…

March 23, 2024