Atomic Wallet Hack: Over $100 Million in Crypto Stolen, Global Investigation Launched
Atomic Wallet users lost over $100 million worth of crypto in a hack - police in Estonia and Kazakhstan are now investigating.
Category: Crypto Scams
Exposing the dark side of the cryptocurrency world. The world of crypto can be a risky and unpredictable place, and unfortunately, there are those who seek to exploit this for their own gain. In this category, we investigate and report on the various scams and fraudulent schemes that have targeted innocent investors in the past. From Ponzi schemes and exit scams to fake ICOs and phishing attacks, we’ve got you covered. Our goal is to educate and inform the crypto community so that they can make informed decisions and avoid falling victim to these nefarious schemes. Stay vigilant and always do your due diligence before investing in any crypto project.
Banq, Subsidiary of Prime Trust, Files for Bankruptcy After Theft and Trade Secret Breach
Crypto custodian Prime Trust's subsidiary Banq files for bankruptcy, citing $17.72 million in assets against $5.4 million in liabilities and an unauthorized transfer of $17.5 million in assets by former officers.
FTX Founder Sam Bankman-Fried Wins Legal Battle Against DOJ Charges
Bahamas Supreme Court allows Sam Bankman-Fried to contest DOJ charges, delaying the legal battle in the US.
FTX Founder’s Fraud Litigation Could Last ‘Months or Years,’ Potentially Delaying Trial Date
FTX founder Sam Bankman-Fried's fraud proceedings could be delayed by months or years if extra charges are added, potentially pushing the trial past its October date.
South Korean Crypto Platform Haru Invest Halts Withdrawals and Deposits – Is Your Money Safe?
South Korean crypto yield platform, Haru Invest, faces withdrawal and deposit issues with service partners.
New Court Documents Reveal Details of Mt. Gox Bitcoin Heist and BTC-e Scandal
New details on the Mt. Gox and BTC-e exchange cases reveal the money trail of the stolen bitcoin and the involvement of various companies and individuals, including convicted Silk Road operators and Russian hackers.
Curve Finance CEO Faces Fraud Lawsuit by Venture Capital Firms
DeFi giant Curve Finance's CEO is being sued by three VC firms for fraud, misappropriation of trade secrets, and defrauding the firms out of close to $1 million in funds.
Russian Nationals Revealed as Hackers Behind Mt. Gox Crypto Theft
Russian nationals charged with hacking and stealing over $600k from Mt. Gox in 2011, contributing to the exchange's insolvency and allegedly laundering the funds. DOJ's commitment to bringing bad actors in the cryptocurrency ecosystem to justice.
Australia’s Commonwealth Bank Restricts Crypto Payments
Australian bank restricts payments to crypto exchanges to protect customers from scams.
Consumer Group Targets Social Media for Misleading Crypto Ads
EU consumer group files complaint against social media giants for lax crypto ad rules. Learn how BEUC aims to protect consumers from misleading ads and crypto scams.
North Korean Hackers Steal $35 Million from Atomic Wallet Users
North Korean hackers may have breached Atomic Wallet, stealing around $35 million in various cryptocurrencies, according to blockchain intelligence firm Elliptic. The stolen crypto has been funneled to a mixer called Sindbad.io, which has been often used to launder money from other hacks attributed to Lazarus, the infamous North Korean…
Genesis Bankruptcy Mediation Extended Amidst Tensions
Judge extends mediation period between Genesis and creditors as tensions rise over Digital Currency Group's role in the lender's restructuring.
