Fraud
CFTC Sues Gemini Over 2017 BTC Futures Contract Evaluation
  • One of the main points of the complaint is that Gemini provided misleading information on how susceptible to manipulation the BTC futures contract could be.
  • The CFTC seeks disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an injunction against further violations of the Commodity Exchange Act.
June 2, 2022, 6:59 PM
Founders of Gemini Tyler Winklevoss (L) and Cameron Winklevoss

Founders of Gemini Tyler Winklevoss (L) and Cameron Winklevoss speak onstage during TechCrunch Disrupt NY 2015 on day 3 at The Manhattan Center on May 6, 2015 in New York City. Noam Galai/Getty Images for TechCrunch

Deus Finance Exploited for $13.4M in Flash Loan Attack
  • Blockchain security firm PeckShield noted the attacker used a $143 million flash loan to inflate the price of DEI, allowing him to steal $13.4 million from Deus Finance.
  • This is the second time in two months that a malicious entity had used a flash loan exploit to manipulate the price of digital assets on the DeFi platform.
April 28, 2022, 11:21 AM
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Gibraltar to Combat Crypto Market Manipulation With New Rules
  • The legislation will implement new standards for crypto market integrity in Gibraltar, designed to combat insider trading and market manipulation in the sector.
  • DLT providers will now be required to seek out and prevent insider trading, and the publication of misleading information aimed at manipulating the crypto market.
April 27, 2022, 4:41 PM
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Beanstalk Farms Loses $182M Following Exploit
  • A flash loan allowed the attacker to obtain enough Beanstalk governance tokens to pass two proposals, enabling him to drain the protocol’s funds.
  • The malicious entity was able to steal 24,830 ETH and 36 million BEAN tokens, which were then laundered through TornadoCash.
April 18, 2022, 4:17 PM
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Apr 15, 2022
Tornado Cash to Use Chainalysis to Block OFAC Sanctioned Addresses
  • Roman Semenov, co-founder of Tornado Cash, explained that the blockade only applies to the platform’s frontend, and not the underlying smart contract.
  • The news came only a day after the Treasury Department alleged that North Korean hacker group Lazarus was connected to the $625 million Ronin bridge hack.

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Apr 6, 2022
U.S. Imposes Sanctions Against Russia’s Largest Darknet Marketplace
  • Russian darknet marketplace Hydra and crypto exchange Garantex have been connected to Russian cybercrime, and have become the new targets for OFAC sanctions.
  • In its investigation, OFAC found more than $8 million connected to ransomware attacks had moved through Hydra, while Garantex had facilitated over $100 million in illicit transactions.
Apr 4, 2022
Trezor Warns Users of Newsletter Phishing Attack
  • Trezor users reported on Saturday they had received phishing e-mails from individuals that tried to lure them into downloading malicious code.
  • On Sunday Trezor confirmed that Mailchimp had its services compromised by an “insider targeting crypto companies”, and that the phishing domain had been taken down.
Apr 1, 2022
Mar 25, 2022
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