News with the tag "criminal"

The United States, Japan, and South Korea have joined together to warn the industry about the ongoing hacking threats by North Korean actors after observing “aggressive” targeting of the crypto industry. US, Japan, South Korea Send Warning In a joint statement , the US, Japanese, and South Korean go...

A user recently fell victim to a transaction simulation spoofing scam, losing 143.45 ETH , equivalent to $460,895. This sophisticated exploit takes advantage of a key feature in modern Web3 wallets designed to improve user transparency: transaction simulation. This feature lets users preview the exp...

Three Russian nationals tied to operating sanctioned crypto mixing services Blender.io and Sinbad.io have been charged with money laundering by a federal grand jury in Georgia, the U.S. Department of Justice said in a statement on Friday . Roman Vitalyevich Ostapenko and Alexander Evgenievich Oleyni...

Two central figures behind the cryptocurrency Ponzi scheme known as IcomTech have been sentenced to substantial prison terms, according to a recent press release by the US DoJ. The scheme defrauded thousands of investors out of millions of dollars, leaving financial devastation in its wake. The sent...

The U.S. Department of Justice said it secured a guilty plea from the operator of crypto "market maker" MyTrade, which was one target in a wide-ranging sting that brought manipulation charges to multiple firms and individuals earlier this month.

TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and the fi...

According to cybersecurity firm Hacken, financial losses from crypto hacks topped $440 million in the third quarter of 2024.

Former FTX executive Ryan Salame, convicted of violating U.S. election laws in his contribution of millions of dollars in the previous congressional elections, has been rebuffed in an 11th-hour attempt to delay his prison sentence to treat a dog bite to his face.

Cybercriminals Use AI-Powered Deepfake Tool to Bypass KYC Systems on Crypto Exchanges In a concerning development within the cryptocurrency and cybersecurity sectors, cybercriminals are employing a sophisticated AI-powered deepfake tool named ProKYC to bypass Know Your Customer (KYC) measures on maj...

The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing over more funds before v...