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CRIME

Ilya Lichtenstein says he worked alone on the 2016 Bitfinex hack, in his first public comments since entering prison

Ilya Lichtenstein, convicted Bitfinex hacker, claims sole responsibility for the 2016 heist, defending his wife and father against involvement, while expressing remorse and plans for future cybersecurity work.

theblock.co • 19/12/2024 - 21:52 PM

Team behind HAWK memecoin, tied to 'Hawk Tuah Girl,' sued for alleged securities law violations

Investors have sued the HAWK memecoin team for alleged securities law violations, claiming losses of $151,000 due to its unregistered status and reliance on team efforts for profitability.

theblock.co • 19/12/2024 - 20:04 PM

CRIME

LastPass threat actor drains $5.4 million in crypto from over 40 victim addresses: ZachXBT

Over $5.36 million in crypto was stolen from 40 wallets due to LastPass-related breaches, prompting urgent warnings for users to secure their assets.

theblock.co • 17/12/2024 - 04:44 AM

First criminal crypto tax evader in US sentenced to two years in prison

Man sentenced to two years for tax evasion involving $3.7 million in bitcoin; first criminal case focused solely on cryptocurrency tax fraud.

theblock.co • 13/12/2024 - 10:38 AM

Former Celsius CEO Alex Mashinsky pleads guilty to two criminal counts in NY court: reports

Alex Mashinsky, former CEO of Celsius, pleaded guilty to commodities fraud and price manipulation, facing up to 20 years in prison amid the company's bankruptcy proceedings.

theblock.co • 03/12/2024 - 20:42 PM

CRIME

North Korea to blame for 342,000 ETH Upbit hack in 2019, South Korean police say

The South Korean police said in a Thursday statement that North Korea is behind the 2019 hack of the Upbit exchange that saw 342,000 ETH stolen. This is the first time South Korea has identified North Korea as the perpetrator of a cryptocurrency heist.

theblock.co • 21/11/2024 - 08:35 AM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

President-elect Donald Trump has nominated the crypto-friendly Howard Lutnick to lead the U.S. Department of Commerce. Shares in the Japanese investment firm Metaplanet gained more than 15% on Tuesday after the company announced its latest bitcoin acquisition. Tokenization firm Securitize has introduced the “sToken,” a new way to gain liquidity from real-world assets while still earning a yield, using the ERC-4626 token standard. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 19/11/2024 - 20:31 PM

NBA star Shaq agrees to pay $11 million to settle long simmering class action lawsuit over promoting NFTs

Basketball hall-of-famer Shaquille O’Neal has agreed to pay $11 million to settle charges in a class action suit related to the Astrals NFT project he promoted. O’Neal, who is also part of a massive consolidated case against celebrity “brand ambassadors” for FTX, attempted to dismiss the case.

theblock.co • 19/11/2024 - 19:53 PM

BIT Mining settles with DOJ, SEC for $10 million over Japanese bribery charges

BIT Mining agrees to pay $10 million to settle bribery investigations related to Japanese officials, addressing violations of anti-corruption laws under a deferred prosecution agreement.

theblock.co • 19/11/2024 - 10:55 AM

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