Fraud

Chinese Authorities Obtain Crypto Worth $4B From PlusToken

  • 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.
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  • 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.
Image from Shutterstock

Liquid Suffers Security Breach, User Data Possibly Exposed

  • 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.
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Origin Protocol’s Stablecoin Exploited For $7M In Latest DeFi Hack

  • 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.
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Chainalysis Launches Service To Assist The Management, Sales Of Seized Crypto Assets

  • 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

Chainalysis Helps DOJ Seize More Than $1B In BTC Stolen From Silk Road

  • 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

Binance Recovers 99.9% of Crypto Stolen In DeFi Exit Scam

  • 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.
Image by Ledger

Kraken Unveils Elaborate Ledger Phishing Attack

  • While the Ledger team managed to respond within 48 hours of the start of the phishing campaign, attackers are continuing to switch domains to keep going.
  • The criminals are supposedly using phishing emails and text messages to effectively redirect users to a cloned website closely resembling the original version.
President Donald Trump with a serious look as he delivers a speech at a campaign rally held at the Mohegan Sun Arena in Wilkes-Barre, PA on August 2, 2018. Evan El-Amin/Shutterstock

President Trump’s Campaign Website Was Hacked By Crypto Scammers

  • The scheme promised "evidence that completely discredits mr trump" if people sent enough cryptocurrency to a designated Monero address.
  • Another Monero address was available where people who didn't want the "evidence" to be released could send cryptocurrency.
Illustration from Shutterstock

KuCoin Hack Update: DeFi Protocols Used To Launder Stolen Crypto Assets

  • According to the latest Chainalysis data, approximately $275 million worth of crypto has been compromised in the KuCoin hack.
  • While most of the stolen funds are currently frozen, hackers have managed to exchange some of the tokens through certain DEXs.
Photo from Freepik

Hackers Breach KuCoin’s Hot Wallets, Steal $150 Million

  • The hackers reportedly obtained the private keys to the wallets and transferred ETH and ERC-20 tokens to an unknown address.
  • The exact size of the compromised funds is still not confirmed, but estimates currently place the loss at around $150 millio.
Gangnam-gu (Gangnam district) in Seoul, South Korea where Coinbit's headquarters resided. Flickr

Top Korean Exchange Seized After Allegations Of Wash Trading

  • The Seoul Metropolitan Police has estimated that Coinbit netted around 100 billion won ($84 million) through wash trading.
  • The investigation alleges that the exchange faked up to 99% of its trading volume between August 2019 and May 2020.
LinkedIn office in Toronto, Canada on 2 June, 2016. Wikimedia Commons

Hacker Group Attacking Blockchain Firms Through LinkedIn

  • The group used fake job postings on the social network to enable the scheme.
  • The job offers would contain a document that would execute malicious code when opened, implanting malware and extracting crypto-related information.
Illustration from Investopedia

7 Investment, Crypto-Related Websites Blacklisted by Cyprus SEC

  • According to the CySEC memo, none of the seven blacklisted companies had been granted approval for providing investment services in the country.
  • One of the websites went as far as to promote its ability to double a person's BTC in 60 seconds .
Tor browser wallpaper. HipWallpaper

Report: Hacking Operation Controlled 24% Of Tor Exit Relays

  • The hackers focused primarily on mixer services and other cryptocurrency-related websites.
  • At present, their reach has been reduced to only 10%, but a full solution is yet to be implemented.