As a bold step against cryptocurrency fraud, the U.S. Department of Justice (DOJ) has declared that it has forfeited around $2.5 million in cryptocurrency, all of which is tied to fraudulent investment scams that took advantage of growing public interest in the crypto sector. The DOJ’s May 23 announcement is
In the latest development, New Zealand authorities and US officials collaboratively solved a crypto fraud case conducted by 13 scammers. These fraudsters are from several jurisdictions. This is one of the largest crypto crime busts, as this operation defrauded victims of $265 million. Wellington Man Among 13 Arrested in US
Federal authorities have issued an urgent warning about sophisticated deepfake scams targeting high-profile individuals across the government and cryptocurrency sectors. The FBI reported yesterday that hackers are employing artificial intelligence to impersonate senior U.S. officials in an elaborate phishing campaign that began in April. Government Officials and Crypto Founders Under
The Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) released its annual report on April 23. The report mainly focused on complaints and frauds in the crypto sector and losses that occurred due to it in 2024. As per the report, over 140,000 complaints were registered in 2024, estimating
On December 23, the FBI, Japan’s National Police Agency, and the U.S. Department of Defense Cyber Crime Center confirmed that a $308 million cryptocurrency theft from Japan-based crypto exchange DMM Bitcoin has been linked to “TraderTraitor,” a hacking group tied to North Korea’s infamous Lazarus Group. FBI and Japanese Police
The crypto market is getting accustomed to being mind-blown every few days as Bitcoin continues on its upward rally. In the last few hours, the cryptocurrency has rallied to a new ATH of $93,434. Meanwhile, amid positive incidents within the sector, Polymarket’s CEO, Shayne Coplan, faced regulatory scrutiny. The betting
Radiant Capital, a cross-chain lending protocol backed by Binance Labs, fell victim to a serious cyber attack. It resulted in losses exceeding $50 million in cryptocurrency On October 16, 2024. This incident underscores the significant vulnerabilities within decentralized finance (DeFi) platforms. Attackers gained control of the private keys belonging to
The U.S. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) have filed lawsuits against Gotbit Consulting, ZM Quant Investment, CLS Global, and several individuals for market manipulation and fraud. The charges primarily involve practices like wash trading, where fake transactions were used to
The United States Federal Bureau of Investigation (FBI) created its own cryptocurrency, “NexFundAI,” operated on the Ethereum blockchain. The FBI initiated the token to capture the attention of market manipulators and illicit activities in the cryptocurrency market. Besides, the federal prosecutors in Boston announced charges against eighteen individuals and entities
FBI has warned the digital asset firms to be aware of a North Korean Crypto hacker group. DPRK has employed fake employment offers and investment opportunities to trick crypto users into downloading malware. They have made the latest attempt to steal companies’ cryptocurrencies. On 3rd September, The Federal Bureau of
