Scams

man-behind-$4,500,000,000-bitfinex-hack-turns-into-federal-witness-in-money-laundering-trial
Posted by | February 29, 2024
Man Behind $4,500,000,000 Bitfinex Hack Turns Into Federal Witness in Money Laundering Trial

The infamous hacker who orchestrated the massive 2016 exploit of the crypto exchange Bitfinex has reportedly turned into a government witness. In 2022, Ilya Lichtenstein and Heather Morgan – known...

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apple-ios-trojan-allows-hackers-to-access-bank-accounts,-security-researchers-warn-–-here’s-how-it-works
Posted by | February 25, 2024
Apple iOS Trojan Allows Hackers To Access Bank Accounts, Security Researchers Warn – Here’s How It Works

Security researchers say they’re tracking a new Apple iOS trojan that’s designed to give criminals access to victims’ bank accounts. The cybersecurity firm Group-IB says the trojan was deployed by...

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jpmorgan-chase-customer-furious-after-$49,500-drained-from-bank-account-–-victim-says-trillion-dollar-lender-was-alerted-immediately,-failed-miserably
Posted by | February 24, 2024
JPMorgan Chase Customer Furious After $49,500 Drained From Bank Account – Victim Says Trillion-Dollar Lender Was Alerted Immediately, Failed Miserably

A JPMorgan Chase customer who watched tens of thousands of dollars exit her account says she’s more upset with the bank than the scammers who made her a target. Kristal...

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us-government-sanctions-two-russian-nationals’-crypto-wallets-related-to-ransomeware-group-lockbit
Posted by | February 21, 2024
US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit

The US government is sanctioning the crypto wallets believed to belong to two Russian nationals linked to the ransomware group LockBit. In a statement, the Treasury Department’s Office of Foreign...

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do-kwon-will-be-extradited-to-united-states-following-montenegro-court-ruling:-report
Posted by | February 21, 2024
Do Kwon Will Be Extradited to United States Following Montenegro Court Ruling: Report

Do Kwon, former crypto billionaire and founder of the Terra (LUNA) ecosystem, will be sent to the United States to face fraud charges. In 2022, Terra’s UST stablecoin and its...

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ftx-creditors-hit-crypto-exchange’s-legal-counsel-with-lawsuit-over-fraud-and-civil-conspiracy-allegations
Posted by | February 19, 2024
FTX Creditors Hit Crypto Exchange’s Legal Counsel With Lawsuit Over Fraud and Civil Conspiracy Allegations

Creditors of bankrupt crypto exchange FTX have filed a class-action lawsuit against a global law firm providing legal counsel to the former digital asset empire. In a new court filing...

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bank-of-america-suffers-massive-data-breach,-exposing-social-security-numbers,-addresses-and-additional-sensitive-data-to-hackers
Posted by | February 17, 2024
Bank of America Suffers Massive Data Breach, Exposing Social Security Numbers, Addresses and Additional Sensitive Data To Hackers

Tens of thousands of Bank of America customers are now at risk of being targeted for identity fraud after a massive security failure exposed their critical personal information. A data...

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crypto-money-laundering-on-cross-chain-bridges-surges-138%-year-on-year-in-2023,-according-to-chainalysis
Posted by | February 16, 2024
Crypto Money Laundering on Cross-Chain Bridges Surges 138% Year-on-Year in 2023, According to Chainalysis

Cybercriminals are turning to cross-chain bridges to move illicit funds, according to market intelligence platform Chainalysis. Cross-chain bridges enable users to transfer crypto assets from one blockchain to another. In...

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government-needs-‘additional-tools-and-resources’-to-crack-down-on-crypto,-says-treasury-official
Posted by | February 15, 2024
Government Needs ‘Additional Tools and Resources’ To Crack Down on Crypto, Says Treasury Official

An official with the United States Department of the Treasury says rooting out illicit finance by players in the crypto industry calls for additional tools and resources. In his written...

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