Visa: Token bridges were a favored target for thieves in 2022
The fraudsters would normally exploit the smart contracts to allow for the approval of unauthorized transactions. Go to Source Powered by WPeMatico
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Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 … Read more
Signature Bank and former executives sued by shareholders for alleged fraud
Shareholders have accused the bank of falsely claiming to be “financially strong” just three days before it was seized by the state regulator. Go to Source Powered by WPeMatico
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: … Read more
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
The class action suit was filed against Silicon Valley Bank, chief executive officer Greg Becker, and chief financial officer Daniel Beck. Go to Source Powered by WPeMatico
Sam Bankman-Fried’s bail conditions still too lenient, says judge
U.S. district judge, Lewis Kaplan, expressed concern that Bankman-Fried could find ways to evade the restrictions and covertly communicate with others electronically. Go to Source Powered by WPeMatico
17 biggest crypto heists of all time
Crypto exchanges are hacked surprisingly often. A few of the biggest crypto heists that occurred in the past few years are discussed in this article. Go to Source Powered by WPeMatico
Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’
Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security experts said. Thousands of Investment Offers Entice Russians to Put Money Into Non-Existent Cryptocurrency Fraudsters have … Read more
SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud
The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use. Go to Source Powered by WPeMatico
Bitcoin ATM firm allegedly profited from crypto scams via unlicensed kiosks: Prosecutor
52 crypto kiosks were seized in the investigation led by the U.S. Secret Service’s Cyber Fraud and Money Laundering Task Force. Go to Source Powered by WPeMatico
