October 12, 2024 at 01:18AM The U.S. Department of Justice announced arrests in Operation Token Mirrors, targeting individuals accused of manipulating cryptocurrency markets. The FBI created NexFundAI as part of the investigation. Eighteen entities are charged with wash trading, resulting in over $25 million in confiscated cryptocurrency and multiple arrests across several countries. ### Meeting … Read more
June 11, 2024 at 10:03PM Chinese crime syndicates have shifted from illicit gambling houses to cybercrime fraud, stealing billions of dollars through online scams which also exploit job seekers. Authorities struggle to combat the criminal operations in Southeast Asia. Cybercrime syndicates in the region yield revenues comparable to annual GDPs, and police and financial institutions … Read more
May 25, 2024 at 07:33PM Chirag Tomar, an Indian national, pleaded guilty to wire fraud conspiracy for stealing over $37 million through a fake Coinbase website. Using social engineering and a fake website, Tomar and his co-conspirators tricked legitimate Coinbase customers into revealing their login credentials and two-factor authentication codes. Tomar now faces a maximum … Read more
May 23, 2024 at 05:07PM Cryptocurrency traders engage in risky tactics, with two MIT graduate brothers standing out for exploiting a software flaw on the Etherium blockchain, resulting in a $25 million theft. Such attacks raise concerns about the blockchain’s integrity. Despite government crackdowns, cryptocurrency continues to face growing pains. Traders use various tactics, including … Read more
May 17, 2024 at 12:06PM The U.S. Department of Justice charged two suspects for leading a crime ring that laundered over $73 million from cryptocurrency scams known as “pig butchering.” Victims were lured through messaging and social media platforms, with funds drained into accounts under the fraudsters’ control. The defendants face up to 20 years … Read more
April 16, 2024 at 04:27AM Two individuals were arrested in Australia and the U.S. for their involvement in developing and distributing the remote access trojan Hive RAT. Edmond Chakhmakhchyan, also known as “Corruption,” from Los Angeles, was charged with selling the malware and faces conspiracy and device advertising charges. Additionally, Charles O. Parks III was … Read more
April 12, 2024 at 01:58PM Former Amazon security engineer Shakeeb Ahmed was sentenced to three years in prison for hacking two cryptocurrency exchanges in July 2022, stealing over $12 million. He was also ordered to forfeit $12.3 million and pay restitution to the breached companies. Ahmed used smart contract engineering skills to execute the hacks … Read more
February 5, 2024 at 12:04PM Belarusian and Cypriot national extradited to the U.S. due to alleged connections to cryptocurrency exchange BTC-e. Facing charges for money laundering and running unlicensed money services business. BTC-e accused of facilitating cybercrimes. DOJ charging individuals related to cryptocurrency thefts and cybercrime groups. Notable cases include SIM swapping attacks and digital … Read more
December 18, 2023 at 07:52AM Four U.S. nationals have been charged with a cryptocurrency investment scam, earning over $80 million through various illicit activities. The scheme involved pig butchering scams and shell companies, resulting in significant financial losses for victims. This reflects a concerning trend of increasing cryptocurrency investment scams, as reported by the FBI. … Read more
November 17, 2023 at 06:07PM The official Twitter account for Bloomberg Crypto was hacked, leading users to a deceptive website used in a phishing scam. The compromised profile contained a link to a fake Telegram channel, which redirected users to a fake Bloomberg Discord server. The server prompted visitors to use a phishing website to … Read more