News with the tag "Cybercrime"

The cryptocurrency world was recently rocked by news of a massive Bitcoin hack , resulting in the theft of over $330 million. This isn’t just another statistic; it’s a stark reminder of the persistent security challenges within the digital asset space. When such significant amounts are compromised, ...

Former Celsius Network CEO Alex Mashinsky is scheduled to be sentenced on May 8, 2025, following his guilty plea to two federal criminal charges related to fraud and market manipulation. The sentencing will be held in a Manhattan federal court, where US prosecutors have outlined a case against Mashi...

A former girlfriend of a cryptocurrency fraudster, known in the industry as “The Godfather,” has admitted to a federal tax charge stemming from her involvement in his illicit activities. Iris Ramaya Au, 35, is accused of failing to report more than $2.6 million in earnings obtained through her forme...

Bybit’s CEO, Ben Zhou, has provided updates on the recovery of funds stolen during a major hack on the exchange. The incident, which occurred on February 21, involved approximately $1.4 billion worth of cryptocurrency, making it one of the largest hack on a centralized exchange in the crypto market....

The Federal Bureau of Investigation has implicated North Korean-backed hacking groups in a major cryptocurrency heist involving $1.5 billion in digital assets. The cyberattack targeted Bybit, a Dubai-based cryptocurrency exchange, making it one of the largest crypto thefts publicly known. This incid...

In a bold move against cybercrime, cryptocurrency exchange Bybit has launched an innovative initiative to recover a staggering $1.5 billion stolen by the notorious North Korean hacking group, Lazarus Group. This isn’t just about reclaiming lost assets; it’s a powerful statement against digital theft...

A former payroll processing staff member at Bybit, Ho Kai Xin, has recently been sentenced to nine years and 11 months in jail on February 20. The charges stemmed from her fraudulent activities that involved defrauding ByBit Fintech, a Seychelles-based cryptocurrency exchange, of over $5.7 million. ...

A burgeoning wave of cybercrime within the cryptocurrency space is specifically targeting users of the decentralized exchange, Jupiter , with an active phishing campaign. This campaign is being spread through totally legit-looking ads that claim there is a “Jupiter Exchange exploit” and try to get p...

Canada appears to be tightening its surveillance of cryptocurrency transactions as part of an ongoing effort to combat money laundering linked to synthetic opioids—hard drugs. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) recently issued an alert pointing out how digital...

The United States Department of Justice (DoJ) has taken action against CLS Global FZC LLC, a cryptocurrency financial services firm accused of fraudulent trading practices. According to the DoJ in a press release uploaded on January 21, CLS Global has agreed to plead guilty to charges of conspiracy ...