Scams

The U.S. Department of Treasury made Ethereum-based mixer Torando Cash (TORN)the first smart contract to get sanctioned by the U.S. government by banning it on Aug. 8 to prevent North Korean criminals from laundering money.CommerceBlock’s…

Ethereum (ETH) bridge Nomad is offering entities involved in a massive hack of its platform a reward for returning stolen funds. Earlier this week, Nomad fell victim to a hack that saw roughly $190 million in crypto assets vanish…

The largest cryptocurrency marketplace in the United States is facing a new round of legal challenges from a pair of lawsuits. Coinbase is being slapped with two class action lawsuits on the heels of the U.S. Securities and…

The Russian national who is facing crypto-related charges in the Northern District Court of California is reportedly being extradited from Greece to the US. Alexander Vinnik is known as the operator of BTC-e, a multibillion-dollar…

An investigation led by CoinDesk has revealed that two brothers — Ian Macalinao and Dylan Macalinao — used pseudonymous developer profiles to inflate the TVL on Solana by $7.5 billion.Sybil AttacksThe news is a warning to those who may be…

The former Coinbase product manager accused of insider trading is reportedly pleading not guilty to the charges filed against him. According to court records, prosecutors allege that Ishan Wahi disclosed Coinbase’s incoming token…

The U.S. Securities and Exchange Commission (SEC) is slapping fraud charges against eleven individuals behind the Forsage blockchain platform. The SEC says that the eleven allegedly “created, operated and maintained an online…

Research conducted by blockchain data platform Chainalysis estimated that $2 billion was lost from cross-chain bridge hacks so far in 2022.Chainalysis stated in the report that the issue now “represents a significant threat to building…

Crypto thieves from North Korea are impersonating experts using fake resumes and identities, Bloomberg News reported Aug. 1.According to Bloomberg, interviews with cybersecurity experts showed that these fraudsters actively plagiarize…

A new report suggests North Korean agents are attempting to falsify their way into the crypto space for nefarious purposes. According to a new Bloomberg report, North Koreans are plagiarizing real LinkedIn and Indeed job resumes to…

The chief executive of blockchain gaming platform Axie Infinity is debunking reports that he moved millions of dollars in AXS as the protocol’s sidechain was hacked to the tune of $600 million. A recent report by Bloomberg details…

U.S. Senator Sherrod Brown (D-Ohio) sent letters to Tim Cook, CEO of Apple, and Sundar Pichai, CEO of Google and Alphabet on July 28, asking for information about what the companies are doing to protect users from fraudulent cryptocurrency…

KuCoin CEO Johnny Lyu says that the digital asset exchange is launching a new fund to address fear, uncertainty, and doubt (FUD) along with misinformation in the crypto space. Earlier this month, Lyu had to address claims that…

A Shark Tank investor is deeply concerned about how the impending wave of regulation will affect the cryptocurrency space. In a new post, billionaire Mark Cuban tells his 8.7 million Twitter followers that in light of a recent U.S.…

In a recent blog post, San Francisco-based crypto exchange Okcoin warned about “elder fraud,” adding that the elderly are the highest risk group affected by online scams.Following an investigation, the company’s risk team intercepted $1…

The now renowned Dark Knight of Terra, FatManTerra, has announced a class action lawsuit through US solicitors, Scott+Scott in an attempt to recoup UST investments following the collapse of the Terra ecosystem.Lawsuit Sign-Up Link…

Cryptojacking in the finance sector went up by 269% in the first half of this year, cybersecurity firm SonicWall reported.The finance sector, which used to experience nearly the least numbers of cryptojacking incidents, faced the highest…

Titanium Blockchain founder and CEO Michael Alan Stollery pleaded guilty to conducting a fraudulent initial coin offering (ICO) touted to be worth $21 million.Stollery’s operation was unregistered and soaked in falsitiesStollery, was…

Investors of BNB chain-based meme coin Teddy Doge (TEDDY) have become the latest victim of a “soft rug pull,” blockchain security and analytics firm PeckShield alleged in a July 25 tweet.Rug pulls refer to scams where developers of a…

The founder of a crypto payments firm is being convicted of defrauding investors out of millions of dollars. According to a new Department of Justice (DOJ) press release, Randall Crater, the founder of crypto payments company My…