Fraud Financial News

28.01 / 05:37

Ethereum Twitter Hackers hacks Fraud Usd Coin Takeover Hackers takeover Azuki’s Twitter account, steal over $750K in less than 30 minutes

Azuki, a popular nonfungible token (NFT) project, had its Twitter account compromised on Jan. 27 leading to hackers stealing over $750,000 worth of USD Coin (USDC) by posting a malicious “wallet drainer link” posed as a virtual land mint.

27.01 / 13:37

Target Aware Fraud Scammer Scammer Dupes Elderly Japanese Woman out of $748k Worth of Crypto

A Japanese woman in her eighties was duped out of over $748,000 worth of tokens by a crypto scammer who told her that her bank account was under attack.

26.01 / 13:45

Binance Robinhood Social Media security scam Fraud Robinhood’s Verified Twitter Account was Hacked and Started Promoting a Crypto Scam – This is What Happened Next

Attackers hacked into major US online trading platform Robinhood's social media accounts to promote a scam token. Binance CEO Changpeng Zhao soon said that the account linked to the incident had been locked.

21.01 / 04:49

cryptocurrency scam Fraud FTX Fried Bankman-Fried assets of almost $700 million may be forfeited in FTX scam

Sam Bankman-Fried’s assets valued at almost $700 million will be subject to forfeiture if he’s found guilty of fraud, according to federal prosecutors leading the case against the FTX founder.

20.01 / 22:59

Law regulation SEC Fraud crimes Sec Charges SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto

The United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission and others in filing parallel charges against the crypto user allegedly behind a multimillion dollar exploit of decentralized exchange Mango Markets.

19.01 / 15:41

Fraud Money laundering US Arrests Russian Co-founder of Bitzlato Exchange on Suspicion of Money Laundering Illegal Gambling and Drug Money

Anatoly Legkodymov, the Russian founder of Hong Kong-registered crypto exchange Bitzlato, has been arrested by US authorities for allegedly processing $700 million in illicit funds.

19.01 / 02:09

business Fraud exchanges SBF says Sullivan & Cromwell contradicted itself with insolvency claims

Law firm Sullivan & Cromwell contradicted itself when it stated that shuttered crypto exchange FTX US is insolvent, former CEO Sam Bankman-Fried claimed in a Jan. 17 blog post that was shared on Twitter.

18.01 / 20:23

business regulation Fraud crimes FTX fallout: SBF trial could set precedent for the crypto industry

After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating securities laws.

15.01 / 08:23

business Blockchain regulation Fraud US President Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant

Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US' management structure.

13.01 / 08:11

regulation Department Of Justice Fraud 800 victims of 'massive' Bitconnect fraud to receive $17M restitution

A group of crypto fraud victims of the BitConnect investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ordered they receive a share in a $17 million restitution.

11.01 / 01:31

business Blockchain Stablecoin Fraud Albright Capital drops lawsuit against Terraform Labs and Do Kwon

Albright Capital has dropped its lawsuit against Terraform Labs and its founder Do Kwon, according to a Notice of Voluntary Dismissal filed in U.S. District Court on January 9. Before its dismissal, the lawsuit had alleged that the company had violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by operating the stablecoin, UST, as a “Ponzi scheme.”

10.01 / 17:03

business regulation Fraud South Korean regulators target Bithumb in new probe

The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports.

10.01 / 06:51

Blockchain CoinMarketCap Tokens Fraud CoinMarketCap-led token airdrops ‘infected by fraud,’ crypto project claims

Two crypto projects have cried foul play over promotional airdrops conducted by CoinMarketCap (CMC) on their behalf, which they allege was "gamed" for the benefit of a small group of exploiters.

09.01 / 05:41

defi Hackers hacks Fraud Why DeFi should expect more hacks this year: Blockchain security execs

Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated.

06.01 / 04:47

Blockchain Ethereum Fraud IRS Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT 'fraud'

The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York, charged with allegedly “defrauding” investors of $2.9 million in a "rug pull scheme."

05.01 / 20:59

SEC Legal Fraud Q4 Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US SEC Brings Charges in CoinDeal Investment Scheme

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

05.01 / 13:51

NFT security scam Fraud NFT Marketplace Magic Eden Pledges to Refund Users Who Were Sold Fake NFTs in ‘Massive Exploit’

Non-fungible token (NFT) marketplace Magic Eden said that it would refund all users affected by the exploit that involved the sale of fake NFTs - passing them off as 'members' of verified collections.

05.01 / 06:17

NFT Scams Fraud Marketplace Exploit Magic Eden to refund users after 25 fake NFTs sold due to exploit

Nonfungible token (NFT) marketplace Magic Eden has pledged to refund all users who were duped into purchasing fake NFTs on its website as a result of an exploit.

03.01 / 11:41

business regulation Fraud Terra Luna Lee Bithumb former chair Lee Jung-Hoon acquitted in the first instance

Lee Jung-hoon, the former chair of the South Korean cryptocurrency exchange Bithumb, was found not guilty on Jan. 3 by the 34th Division of the Criminal Agreement of the Seoul Central District Court.

30.12 / 00:59

CFTC regulation SEC Fraud NOT False alarm: DOJ did not classify MNGO as a commodity

Avraham Eisenberg was arrested in Puerto Rico on Dec. 26 on commodities fraud and manipulation charges relating to the $110 million exploit of the decentralized Mango Markets exchange. Eisenberg had self-identified as the actor behind what he called a “highly profitable trading strategy” and insisted that he had taken “legal open market actions, using the protocol as designed.”

29.12 / 05:45

regulation Scams Fraud Crypto Websites California regulator warns of 17 crypto websites suspected of fraud

The California Department of Financial Protection and Innovation (DFPI) has fired off 17 separate warnings over two days of crypto brokers and websites it suspects of being fraudulent.

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