On September 25, Binance announced its collaboration with Indian authorities to investigate an online scam allegedly linked to the Fiewin gaming app. This joint effort resulted in the arrest of four individuals involved in the scam. Fiewin initially positioned...
The Swedish Police Authority, along with the Financial Intelligence Unit (FIU), has labelled cryptocurrency exchanges as "professional money launderers (PMLs)" following an investigation into services offered by unregulated and illegal operators. The FIU claimed these crypto exchanges are tied...
Brazilian authorities have reportedly launched a major crackdown on a multi-billion-dollar cryptocurrency-based money laundering operation spanning several cities, including São Paulo, Fortaleza, and Brasília. The operation, which has laundered billions of dollars, is at the centre of "Operation Niflheim,"...
Indian authorities are investigating a crypto trading app called "Datameer," accused of defrauding over 700 individuals of INR 10 million (approximately $119,000), according to a local report. Sadar’s superintendent of Police and Cyber Wing head, Pankaj Kumar Rasgania, reportedly...
DeltaPrime, an Avalanche-based DeFi borrowing protocol, is reportedly facing a security breach that may have resulted in the loss of $5.93 million worth of cryptocurrencies from its wallets. The incident, which came to light in the early hours of...
This year has been quite the rollercoaster! Investors buckled up for what they thought would be another thrilling bull cycle, only to get caught in a whirlwind of hacks, scams, and staggering losses. By the end of August 2024,...
The hacker responsible for the July breach of Indian cryptocurrency exchange WazirX has moved approximately $23 million in stolen assets to Tornado Cash. In an X post on Thursday, September 12, 2024, Cyvers Alerts reported that the hacker transferred...
Indodax, a crypto exchange formerly known as Bitcoin Indonesia, reportedly experienced an attack within the last twelve hours. An unidentified party withdrew tens of millions of dollars worth of crypto assets from the platform. On September 11, blockchain analytics...
Blockchain network TRON, stablecoin issuer Tether, and blockchain intelligence firm TRM Labs have teamed up to establish a unit dedicated to combating illicit activities associated with Tether’s USDT on the TRON blockchain. The new unit, tagged T3 Financial Crime...
The hacker behind the Penpie protocol breach has reportedly withdrawn approximately $7 million of the stolen funds through the crypto mixer Tornado Cash just 12 hours after stealing $27 million. 🚨ALERT🚨@Penpiexyz_io exploiter has deposited around $7M to @TornadoCash at...
