Scams

disgraced-ftx-founder-sam-bankman-fried-sentenced-to-25-years-in-prison-after-fraud-conviction
Posted by | March 28, 2024
Disgraced FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison After Fraud Conviction

A US judge has sentenced disgraced FTX founder Sam Bankman-Fried to 25 years in prison after the former crypto tycoon was convicted of fraud charges last year. District Judge Lewis...

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hacker-steals-over-$65,200,000-from-crypto-game-built-on-blast-blockchain-–-then-returns-everything:-on-chain-data
Posted by | March 28, 2024
Hacker Steals Over $65,200,000 From Crypto Game Built on Blast Blockchain – Then Returns Everything: On-Chain Data

A crypto game built on the layer-2 blockchain Blast lost over 60% of the total value of assets on its platform following a massive security breach. Munchables announced the exploit...

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$4,100,000-crypto-fraud-scheme-promising-large-returns-busted-in-south-korea:-report
Posted by | March 26, 2024
$4,100,000 Crypto Fraud Scheme Promising Large Returns Busted in South Korea: Report

South Korean police have detained two individuals for allegedly running a fraudulent crypto-based scam. According to the South Korean news outlet Chosun, a young duo in their 20s and 30s cheated...

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london-resident-holding-$2,500,000,000-in-bitcoin-convicted-on-money-laundering-charges:-report
Posted by | March 25, 2024
London Resident Holding $2,500,000,000 in Bitcoin Convicted on Money Laundering Charges: Report

A woman who converted Bitcoin ( BTC ) into luxury houses and jewelry has reportedly been found guilty of engaging in a money laundering arrangement . BBC reports that Jian...

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hong-kong-woman-scammed-out-of-nearly-$1-million-after-sending-money-to-fake-crypto-trading-platform:-report
Posted by | March 25, 2024
Hong Kong Woman Scammed out of Nearly $1 Million After Sending Money To Fake Crypto Trading Platform: Report

A Hong Kong woman has reportedly been scammed to the tune of nearly $1 million after being enticed to send money to a fake crypto trading platform. According to a...

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ava-labs-ceo-issues-warning,-says-rise-of-‘trash-l2s’-will-fill-void-of-sam-bankman-fried
Posted by | March 25, 2024
Ava Labs CEO Issues Warning, Says Rise of ‘Trash L2s’ Will Fill Void of Sam Bankman-Fried

Ava Labs CEO Emin Gün Sirer is warning that crypto markets will see another wave of dangerous riff-raff projects rise to prominence during the bull market. Gün Sirer says on...

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jpmorgan-chase,-bank-of-america-and-six-financial-giants-pay-$70,000,000-settlement-over-allegations-of-‘widespread-fraud-and-collusion’
Posted by | March 23, 2024
JPMorgan Chase, Bank of America and Six Financial Giants Pay $70,000,000 Settlement Over Allegations of ‘Widespread Fraud and Collusion’

Eight financial giants are shelling out tens of millions of dollars to settle a decade-long whistleblower lawsuit. JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Fifth Third Bancorp, Barclays, Bank...

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heco-bridge-exploiters-funnel-$145,700,000-worth-of-ethereum-into-the-crypto-mixer-tornado-cash:-peckshield
Posted by | March 23, 2024
Heco Bridge Exploiters Funnel $145,700,000 Worth of Ethereum Into the Crypto Mixer Tornado Cash: PeckShield

The hackers who struck Heco Bridge, a project linked to Tron (TRX) founder Justin Sun, have been funneling their stolen Ethereum (ETH) into the sanctioned crypto mixer Tornado Cash (TORN)....

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montenegrin-supreme-court-postpones-terra-founder-do-kwon’s-south-korean-extradition
Posted by | March 22, 2024
Montenegrin Supreme Court Postpones Terra Founder Do Kwon’s South Korean Extradition

The Supreme Court of Montenegro is postponing the extradition of disgraced Terra (LUNA) founder Do Kwon to South Korea. According to a new memo, the Supreme Court of Montenegro is...

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telegram-game-on-brand-new-ethereum-layer-2-scaler-blast-exploited-for-$4,600,000-in-reported-white-hat-hack
Posted by | March 22, 2024
Telegram Game on Brand-New Ethereum Layer-2 Scaler Blast Exploited for $4,600,000 in Reported White Hat Hack

An unknown entity has exploited a Telegram-based game that runs on the newly launched Ethereum (ETH) layer-2 scaling solution Blast Network. In a post on social media platform X, the...

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