Fraud
Tornado Cash Attacker Proposes to Revert Attack
- On Saturday, the Tornado Cash DAO passed a malicious proposal that allowed an attacker to gain full control over the crypto mixer’s governance system.
- Hours after the incident, the attacker published a new proposal that, if passed, would return the governance control back to TORN token holders.
May 22, 2023, 8:42 AM
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Former Coinbase Product Manager Given 2 Years in Prison for Insider Trading
- Ishan Wahi was sentenced to 24 months in prison for his illegal use of confidential information he obtained during his time at Coinbase.
- Wahi, his brother, and a friend, had allegedly made around $1.5 million between June 2021 and April 2022 by purchasing digital assets before their Coinbase listing was announced.
May 10, 2023, 8:48 AM
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CertiK to Compensate Victims of Merlin DEX Rug Pull
- Security firm CertiK had conducted an audited of Merlin’s code only days before rogue developers stole close to $2 million from the project.
- The company is now working with the remaining Merlin team members on a community compensation plan to cover the stolen funds.
April 27, 2023, 12:19 PM
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Korean District Court Says LUNA Not a Security
- A district court in South Korea ruled that the token was not a security, noting that it was “difficult to see LUNA as financial investment product regulated by the Capital Markets Act”.
- Using this decision, the court dismissed the prosecution’s request to confiscate properties owned by Terraform Labs’ co-founder Hyun-seung Shin.
April 24, 2023, 3:17 PM
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Apr 24, 2023
KuCoin Twitter Account Hacked, Exchange to Reimburse Losses
- The Twitter account of the crypto exchange was compromised for roughly 45 minutes on Monday, resulting in 22 transactions connected to the hack.
- KuCoin has calculated that the total asset losses were 22,638 USDT, and noted that it will fully reimburse users affected in the incident.
Apr 7, 2023
Do Kwon’s Illicit Funds Reportedly Not in South Korea
- The now arrested Terraform Labs CEO had reportedly converted the majority of his illicit funds into BTC using foreign exchanged not under the jurisdiction of South Korea.
- While none of the assets tied to Do Kwon were recoverable, South Korean authorities continue to seize assets and properties tied to other executives of Terra.
Apr 4, 2023
Exploiter Returns 90% of “Recoverable Funds” to Euler Finance
- The remaining $31 million worth of crypto assets were returned late on Monday, marking a successful end to Euler Finance’s recovery efforts.
- The total value of assets returned is a little over $177 million, which is 90% of the “recoverable funds” after adjusting for the 10% bounty previously offered.
Mar 29, 2023
Hacker Steals $9M from SafeMoon
- SafeMoon said that only its SFM:BNB liquidity pool (LP) was affected, and that it had located the suspected exploit, and patched the vulnerability.
- The bug was allegedly introduced with the latest SafeMoon upgrade, and allowed the attacker to burn the majority of SFM in the pool, artificially inflating its price.
Mar 29, 2023
Sam Bankman-Fried Faces Bribery Charges
- A new 13-count superseding indictment has accused Sam Bankman Fried of bribing one or more Chinese officials in order to unfreeze accounts connected to Alameda.
- In early 2021, Chinese authorities froze certain Alameda accounts on two of China’s largest crypto exchanges”, which reportedly held more than $1 billion worth of crypto assets.
Mar 27, 2023
Crypto Lender Kokomo Finance Conducts $4M Exit Scam
- Blockchain security firm CertiK warned that the team behind Kokomo Finance have executed a rug pull on Sunday, and stolen around $4 million in user funds.
- The website and social media accounts of the Optimism-based crypto lender have all been deleted, while its KOKO native token fell by more than 98%.