A cryptocurrency user, whose assets were stolen, has reignited the debate around user exchange culpability by offering $100,000 to blockchain investigator ZachXBT as a public bounty for finding his stolen funds. He claims 15 years of savings all vanished from a Trust Wallet account and were transferred to KuCoin which has been accused of ignoring requests from German cybercrime detectives. The emotional argument also reveals an ongoing problem in the crypto ecosystem where victims face challenges when stolen funds are followed to centralized platforms. The victim was able to monitor the state of assets, however attempts to get them back
The post KuCoin In The Spotlight For Alleged Complicity In Illicit Crypto Flows, Victim Appeals To ZachXBT appeared first on The Merkle News.
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Jeremy Cahen has reportedly been put on a wanted list in Puerto Rico, while Barstool Sports owner Dave Portnoy shared a memecoin that later hit a value of nearly $250 million.
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A project that describes itself as an onchain MicroStrategy for Ethereum blamed a UI fault that caused users to send 165 ETH to the wrong address, while El Salvador has a new disappearing Satoshi Nakomoto statue.
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Attackers with physical access to a user’s device may be able to see the wallet’s seed phrase, the security firm said.
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Tay, a well-known blockchain security investigator, has reported on a new social engineering scheme targeting the cryptocurrency industry. She explained that industry workers are at risk, as attackers pose as field executives offering high-paying job opportunities. Social Engineering Schemes Come to the Crypto Industry: New Exploit Unveiled Social engineering-based schemes are on the rise and […]
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Scammers pretended to be police and demanded BTC for missing court dates, while an attacker minted a huge number of SUN tokens and dumped them.
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According to onchain analytics firm Arkham Intelligence, the malicious address currently holds approximately $13 million in assets.
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Nearly all of the stolen loot from Radiant Capital has now been moved to the Ethereum network, which usually isn’t a good sign for those hoping for recovery.
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According to PeckShieldAlert, losses from crypto hacks and exploits accounted for over $120 million in losses during September 2024.
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So far, at least 36 victims suffered losses amounting to nearly $2 million worth of Ether.
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