News with the tag "Scams, Hacks "

Imprisoned FTX founder Sam Bankman-Fried has been on the move. The former crypto executive was previously incarcerated in Brooklyn’s Metropolitan Detention Center, but Federal Bureau of Prisons (FBOP) data indicates he now resides at FTC Oklahoma City, a transfer center that temporarily houses inmat...

The FBI is issuing an alert over an ongoing ransomware campaign known as “Medusa” that’s hit hundreds of victims. Medusa is a type of malicious software first discovered in 2021 that encrypts its victims’ files before demanding a ransom in exchange for a decryption key. Medusa actors typically gain ...

A billion-dollar bank is warning customers after a cybersecurity breach affecting thousands of customers. In a filing with the Office of the Maine Attorney General, Western Alliance Bank says an unauthorized actor exploited a vulnerability in a third-party file transfer software system it uses. The ...

Wells Fargo and two of its business partners are set to fork out millions of dollars to individuals and businesses after agreeing to settle a class action lawsuit that alleged sales calls to potential customers of the fourth-largest US bank were secretly recorded for nearly a decade. According to th...

The California Department of Financial Protection and Innovation (DFPI) says it has shut down 26 cryptocurrency scam websites and identified $4.6 million in consumer losses, officials announced Monday. In a new announcement, the DFPI says the crackdown is part of a broader initiative to combat incre...

Ripple co-founder and executive chairman Chris Larsen lost over $661 million worth of XRP last year, reportedly due to a hack of password manager LastPass. In his Telegram channel, on-chain investigator ZachXBT shares a screenshot of a forfeiture complaint filed by federal prosecutors that details h...

The Consumer Financial Protection Bureau (CFPB) has abruptly dropped a lawsuit accusing JPMorgan Chase, Wells Fargo, Bank of America and Zelle of failing to protect consumers from $870 million in losses on the Zelle network over seven years. The lawsuit, filed in December, alleged Zelle’s parent com...

The Bybit CEO is launching a new initiative that calls on the crypto community to help retrieve digital assets stolen by a notorious group of North Korean hackers. Ben Zhou, Bybit’s co-founder and CEO, says on the social media platform X that they have launched a bounty program website to target the...

The perpetrators of the largest crypto heist in history have reportedly moved a large portion of the stolen funds without significant risks. On February 21st, the crypto exchange ByBit suffered large losses when a malicious actor believed to be the North Korean government-backed Lazarus Group breach...

The chief investment officer of crypto asset management firm Bitwise says the industry needs a new selling point now that memecoins are losing mindshare. In a new interview with crypto influencer Scott Melker, Bitwise CIO Matt Hougan says that North korean hacking group Lazarus attempting to launder...