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Fraud

BSC-Based Spartan Protocol Exploited For $30M

  • The attacker targeted a "flawed liquidity share calculation" in the project's SPARTA/WBNB pool to steal roughly $30 million.
  • Another Binance Smart Chain project, Uranium Finance, lost more than $50 million in an exploit less than a week ago.
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  • The attacker targeted a "flawed liquidity share calculation" in the project's SPARTA/WBNB pool to steal roughly $30 million.
  • Another Binance Smart Chain project, Uranium Finance, lost more than $50 million in an exploit less than a week ago.
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Hotbit Shuts Down After Unsuccessful Hack Attempt

  • After the attempted hack, the exchange was forced to shut down all of its services, and enter maintenance mode, which could last between 7 and 14 days.
  • Hotbit noted that user funds remain safe, but warned its customers to be weary of phishing attempts, as its database had been compromised.
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BSC-Based Uranium Finance Exploited for $50M

  • The attacker reportedly stole 80 BTC, 1,800 ETH, 17.9 million BUSD, 5.7 million USDT, 638,000 ADA, 26,500 DOT, 34,000 wBNB, and 112,000 U92.
  • Back on 3 April the project was attacked again, with the hacker stealing $1.3 million worth of BNB and BUSD at the time.
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Turkish Crypto Exchange Under Investigation for Fraud

  • The investigation of Thodex began only a week after the Turkish central bank announce it was banning the use of crypto for payments.
  • It is alleged the company's CEO fled the country only a day after the exchange halted crypto trading and withdrawals.

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EasyFi Hack Was Caused by Compromised Admin Keys

  • Compromised MetaMask admin keys were used to drain over $70 million in EASY tokens from the protcol.
  • CEO Ankitt Gaur offered a $1 million reward for returning the funds.
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5 Hackers Attacked ForceDAO on Launch Day

  • The newly launched DeFi platform lost 183 ETH only hours after it launched its airdrop campaign.
  • One of the five attackers turned out to be a "white-hat" hacker, who assisted the ForceDAO team and prevented further losses.
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Florida Teen Pleads Guilty to Twitter Bitcoin Scam

  • The teenager tricked Twitter employees into giving him access to the customer service portal.
  • Alongside two accomplices, the teen defrauded people out of $118,000 worth of BTC.
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PancakeSwap, Cream Finance Experiencing DNS Hijacks

  • Both platforms are experiencing a DNS hijack at the moment, with the malicious actor requesting users provide their seed phrases.
  • The issue is already being investigated, with both Cream Finance and PancakeSwap warning users to keep away from the websites until it is resolved.
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Crypto Hedge Fund Founder Admits to $90M Fraud

  • Stefan Qin, the founder of Virgil Sigma Fund LP and VQR Multistrategy Fund LP, used a part of the stolen funds to support his lavish lifestyle.
  • Qin stole almost all the funds from Virgil Sigma, and then tried to dip into VQR Fund to pay back investors in Sigma.
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SEC Obtains Emergency Asset Freeze Against Virgil Capital, Charges Founder with Fraud

  • The SEC has ordered an asset freeze against crypto fund Virgil Capital.
  • Virgil Capital and its founder Stefan Qin are accused of misappropriating investor funds.
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Hacker Returns Stolen Funds to Cover Protocol

  • The price of the COVER token plummeted from around $850 to less than $50 in a matter of hours after the hack.
  • Hours after the event, Grap.Finance claimed responsibility for the hack, and returned the funds with a note saying: "Next time, take care of your own shit".
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Bitgrail’s Founder Responsible for Hacks, Italian Police Allege

  • Italy's Postal and Communications Police has accused Francesco Firano, the founder of the exchange, of fraud related to the hacks on the exchange in 2018.
  • During its investigation, the police found Firano had transferred 230 BTC to his personal account three days before reporting the hacks.
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Crypto Exchange Exmo Loses 5% of Assets in Hack

  • London exchange Exmo lost 5% of its total assets in an apparent hack.
  • All withdrawals were suspended and an investigation is ongoing.
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Founder of Centra Tech Sentenced to Prison for ICO Scam

  • Robert Farkas was sentenced to one year in prison for conducting an illegal ICO.
  • Farkas and other Centra Tech founders defrauded investors out of $25 million in 2017.