$19 Billion Lost to Crypto Hacks in 13 Years
Over the past 13 years, the crypto industry has faced 785 reported crypto hacks and exploits, leading to the theft of nearly $19 billion worth...
Tag : fraud
Elliptic Report 2024: AI Powers Rising Crypto Crimes
by Anna Garcia
The rise of artificial intelligence (AI)-driven crypto crimes signifies a new era of cyber threats, as revealed by an Elliptic report. The report exposes how...
Fraud Victims Seek $4.3B Bitcoin Recovery
by Chloe Taylor
Victims of an investment fraud scheme orchestrated by a Chinese electronics company are seeking to retrieve $4.3 billion in Bitcoin with the assistance of the...
Victims Speak Out Ahead of SBF Sentencing Hearing
by Cheryl Lee
Victims of the defunct cryptocurrency exchange FTX have stepped forward to share the emotional and financial devastation they’ve endured, ahead of the sentencing hearing for...
SBF Seeks 6.5-Year Sentence, Urges Guards to Invest in Solana
by Cheryl Lee
Legal representatives for former FTX CEO Sam “SBF” Bankman-Fried are urging a federal judge in Manhattan to impose a prison sentence ranging from five and...
Potential Leniency in Sam Bankman-Fried’s Sentence
by Anna Garcia
Former FTX CEO Sam Bankman-Fried (SBF) could potentially face a more lenient sentence when he appears before District Judge Lewis A. Kaplan next month. This...
Wemade Denies Coin Fraud Allegations Amid South Korean Regulatory Probe
by Anna Garcia
South Korean Web3 game developer, Wemade, has vehemently dismissed allegations of coin over-issuance fraud brought forth by the Seoul Southern District Prosecutors’ Office’s first financial...
French National Pleads Guilty in $3 Million Mutant Ape Planet NFT Fraud Case
by Harper Hall
The originator of the Mutant Ape Planet nonfungible token (NFT) collection, a replica of Yuga Labs’ Mutant Ape Yacht Club initiative, has confessed to a...
CFTC Reports Surge in Digital Asset Cases and Landmark Legal Decisions in FY 2023
by Henry Clarke
The United States Commodity Futures Trading Commission (CFTC) has revealed its enforcement outcomes for the fiscal year 2023, showcasing a substantial increase in cases involving...
Gemini and Genesis Face Legal Action Over Alleged Cryptocurrency Investment Fraud
by Chloe Taylor
The attorney general of New York has initiated legal proceedings against cryptocurrency companies Gemini, Genesis, and Digital Currency Group (DCG), alleging that they engaged in...