Advertisement

Fraud

Scammers Steal $65,000 As YouTube Search Results Recommend Fake Apple Event Video

  • The scammer impersonated Apple, taking advantage of the highly anticipated October 18 event by the company.
  • No BTC was stolen, but more than 17 Ethereum were swindled out of their three owners.
Shutterstock

  • The scammer impersonated Apple, taking advantage of the highly anticipated October 18 event by the company.
  • No BTC was stolen, but more than 17 Ethereum were swindled out of their three owners.
Shutterstock

Crypto Fund Manager Sentenced to 7.5 Years in Prison

  • The Australian national embezzled almost $55 million in investor funds for personal gain.
  • He ran and operated the Virgil Sigma Fund and VRQ Multistrategy Fund in New York from 2017 to 2020.
Shutterstock

Coinseed to Shut Down and Pay $3M in Fines Following Court Order

  • Coinseed was accused of disabling withdrawals, and converting its client funds into Dogecoin (DOGE) without their knowledge.
  • The crypto trading app also ignored a temporary restraining order from June, and continued its operation, according to court documents.
Shutterstock

Price of LTC Jumped by 37% After Fake Press Release

  • Claiming that retail giant Walmart was about to adopt Litecoin for payments, the fake press release caused the price of LTC to jump to $235 in less than 30 min.
  • A spokesperson for Wallmart told CNBC the press release was "not authentic" roughly an hour after it was posted, causing the price of the crypto to fall to normal levels.

Advertisement

Shutterstock

SEC Sues BitConnect and Founder for Alleged $2B Fraud

  • BitConnect's founder Satish Kumbhani was charged with conducting a $2 billion security fraud.
  • The SEC also charged a BitConnect promoter, who recently pled guilty for stealing $24 million from investors.
Shutterstock

THORChain Loses $5M in Latest DeFi Exploit

  • While it was initially reported the protocol had lost around 13,000 ETH in the attack, more detailed assessments have put that number to around 4,000.
  • The THORChain vulnerability is already being patched, and the team behind the project has said that users will be compensated for their losses.
Shutterstock

London Police Seize $160 Million in Crypto in Largest-Ever AML Investigation

  • The Metropolitan Police have seized $160 million worth of cryptocurrencies in the country's largest AML confiscation ever.
  • The Met's Economic Crime Command wants to prevent money laundering using crypto and is lobbying for tougher laws.
Shutterstock

Cyber Criminals Targeting Gamers With Monero Mining Malware

  • The "Crackonosh" malware was found hidden in cracked versions of popular games such as NBA 2K19, GTA V, and Far Cry 5.
  • Active since 2018, the malware has drained over $2 million in XMR from users and affected around 220,000 computers.
Shutterstock

Bogged Finance Suffers $3M Flash Loan Exploit

  • The project's development team discovered and mitigated the attack within 45 seconds, but the attacker was still able drain $3 million of the $6 million of liquidity.
  • The team is currently working on a plan to mitigate the situation, which uses the same exploit as the unknown attacker.
Shutterstock

PancakeBunny Suffers Flash Loan Attack

  • The attacker was able to get away with almost 700,000 BUNNY tokens and 114,000 BNB tokens, which at the time were worth around $200 million.
  • PancakeBunny is the third, and largest, BSC-based DeFi project to suffer from an exploit in the last 30 days.
Shutterstock

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.
Shutterstock

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.
Shutterstock

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.
Shutterstock

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.