The former CEO of the now-defunct Kansas-based Heartland Tri-State Bank, Shan Hanes, has been sentenced to 24 years in prison for his role in a large-scale cryptocurrency fraud scheme. Hanes, who hails from Elkhart, Kansas, pleaded guilty to one...
Australia’s financial markets watchdog has warned of evolving tactics used by fraudsters leveraging artificial intelligence to deceive and steal cryptocurrencies from unsuspecting victims. In a statement released on August 19, the Australian Securities and Investments Commission (ASIC) disclosed that...
OKX CEO Star Xu has announced that the exchange will terminate any accounts found to be using Tornado Cash in a move to bolster financial integrity and enhance compliance with international sanctions. Xu stressed that OKX's risk control mechanisms...
Nexera protocol might have lost the entire supply of its native tokens due to a security breach. Blockchain forensics platform Cyvers Alerts first reported the breach in a social media post early today, August 7. The platform notified the...
CoinDCX has announced the establishment of a Rs 50 crore (about $5.9 million) Crypto Investors Protection Fund (CIPF). This initiative aims to compensate users for losses resulting from security breaches on the platform. The announcement comes in the wake...
The Ronin Network has fallen victim to another exploit, with attackers successfully withdrawing approximately 4,000 ETH and 2 million USDC, valued at around $12 million. The incident, which occurred today August 6,2024, was first reported by blockchain analytics platform...
A blockchain wallet associated with a known crypto hacker has moved 9.75 million $DAI and 17.75 $ETH to an intermediary address. According to on-chain data, the hacker quickly converted the DAI to 16,890 ETH, then sent 2,400 ETH (approximately...
The Australian Federal Police (AFP) has initiated an investigation into a large-scale cryptocurrency phishing operation that has compromised over 2,000 Australian-owned digital wallets. This action follows the revelations of Operation Spincaster, a probe conducted by blockchain analysis firm Chainalysis,...
The Wisconsin Department of Financial Institutions (DFI) has launched a publicly accessible tracker to combat cryptocurrency and other investment scams. This initiative, according to the agency, comes in response to nearly $3.55 million lost by Wisconsinites to financial grooming...
The European Union Agency for Law Enforcement Cooperation (Europol)’s latest report, has flagged significant concerns within the cryptocurrency ecosystem, particularly regarding non-fungible tokens (NFTs) and Bitcoin exchange-traded funds (ETFs). According to the “Internet Organised Crime Threat Assessment (IOCTA) 2024”...
