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CRIME

Crypto whale loses $55 million in Dai stablecoin to phishing attack

A crypto whale lost $55.4 million in Dai stablecoin due to a phishing attack exploiting a vulnerability in their Maker vault and DSProxy.

theblock.co • 21/08/2024 - 08:44 AM

Former SEC crypto enforcement chief David Hirsh leaves for private practice

David Hirsh, former SEC crypto lead, joins McGuireWoods to enhance their securities enforcement and regulatory counseling amid increasing scrutiny of the cryptocurrency industry.

theblock.co • 19/08/2024 - 14:30 PM

CRIME

Australia’s ASIC shuts down over 600 crypto scam websites in year-long crackdown

Australia's financial regulator has dismantled 615 cryptocurrency scams in a year, highlighting ongoing issues with fraud leading to $1.3 billion in losses.

theblock.co • 19/08/2024 - 07:38 AM

Illicit crypto activity on-chain down nearly 20% since January: Chainalysis

Illicit cryptocurrency activity is declining, while legitimate service inflows peak. However, stolen funds and ransomware are rising, with North Korean cybercriminals using off-chain methods.

theblock.co • 16/08/2024 - 13:16 PM

CRIME

Nearly $600 million in seized Silk Road bitcoin sent to Coinbase wallet: Arkham

10,000 bitcoin worth nearly $600M transferred to Coinbase Prime; linked to U.S. DOJ's $2B seizure from Silk Road. Previous transfers also noted.

theblock.co • 14/08/2024 - 16:57 PM

CRIME

SEC charges NovaTech with operating a pyramid scheme that raised $650 million in crypto

Cynthia and Eddy Petion “lured investors” by saying that NovaTech would invest their money in crypto and foreign exchange markets, when instead NovaTech used most of those investor funds to pay existing investors, the SEC said. New York Attorney General Letitia James previously sued the Petions, among others, for defrauding thousands of investors in June.

theblock.co • 12/08/2024 - 17:14 PM

CRIME

Crypto whale loses $55 million in Dai stablecoin to phishing attack

Former SEC crypto enforcement chief David Hirsh leaves for private practice

Australia’s ASIC shuts down over 600 crypto scam websites in year-long crackdown

Illicit crypto activity on-chain down nearly 20% since January: Chainalysis

Nearly $600 million in seized Silk Road bitcoin sent to Coinbase wallet: Arkham

SEC charges NovaTech with operating a pyramid scheme that raised $650 million in crypto

Avraham 'Avi' Eisenberg pushes to have earlier Mango Markets conviction cleared, asks for new trial

Judge approves $12.7 billion settlement between FTX and CFTC, bringing 20-month-long lawsuit to an end

Dormant wallets linked to PlusToken scam move large amounts of ether: analysts

Genesis completes bankruptcy restructuring, begins distributing $4 billion in crypto and cash

Currency