Dark web crypto laundering kingpin sentenced to 12.5 years in prison

November 11, 2024 at 07:41AM Roman Sterlingov, operator of Bitcoin Fog, was sentenced to 12.5 years in prison for laundering over $400 million through his cryptocurrency mixing service. He must repay nearly $400 million and forfeit assets. His service facilitated various crimes, highlighting the Justice Department’s commitment to combatting illegal money laundering operations. ### Meeting … Read more

Ex-Amazon engineer pleads guilty to hacking crypto exchanges

December 15, 2023 at 03:38PM Former Amazon security engineer Shakeeb Ahmed pleaded guilty to hacking and stealing over $12.3 million from two cryptocurrency exchanges in July 2022. He manipulated smart contracts to exploit pricing data, yielding inflated fees, and took advantage of a DeFi protocol loophole. Ahmed used various methods to conceal the stolen funds … Read more