- 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.
- An unknown attacker stole 370,000 NXM from Hugh Karp, the founder of Nexus Mutual.
- The company said this was targeted attack and no user funds were affected.
- The project’s funds were withdrawn via a hidden smart contract call function, which was set to activate at a fixed threshold.
- A Telegram group of investors has started investigating the anonymous developers, hoping to reveal their identities and regain their investment.
- The Chinese court has ruled that all proceeds from the seized crypto will go to the national treasury, though it remains unknown how the assets will be processed.
- A total of 15 people connected to the scheme have been convicted so far, with sentences ranging from 2 to 11 years.
- The exchange has said that its customers' funds remain safe, and that the attacker was not able to access its MPC-based and cold storage crypto wallets.
- Liquid customers were warned to be on the lookout for phishing attempts, as the intruder had access to data such as users' emails, names and addresses.
- The latest attack once again used a flash loan to exploit a vulnerability in a DeFi protocol, to artificially inflate the supply of OUSD.
- Deposits to the OUSD vault have already been disabled, and the firm is expected to release a full post-mortem of the incident in the following days.
- Chainalysis will enable law enforcement-seized cryptocurrency to legally flow back into circulation.
- The blockchain analytics company will collaborate with experts in management of seized cryptocurrency, Asset Reality.
Sign of the Department of Justice (DOJ) in Washington, DC on September 10, 2016. Mark Van Scyoc/Shutterstock
- Agents from IRS-CI used Chainalysis tools and managed to identify Individual X, from whom the funds were seized.
- The civil complaint is a mere standard procedure aiming to prove that the seized assets are subject to forfeiture.
Image from Freepik
- The Wine Swap exit scam took place on 13 October on the Binance Smart Chain, and was responsible for the loss of $345,000 worth of crypto.
- Using on-chain analysis, Binance was able to identify the culprit, and eventually recover $344,000 of the lost funds, which are now being returned to their rightful owners.