A recent study by Crypto ISAC indicates that despite the widespread belief that cryptocurrencies are the primary tool for unlawful transactions, cash remains the top choice for criminals involved in illicit finance. Unlike blockchain transactions, which leave an immutable...
Phishing attacks and private key breaches have led to the theft of over $750 million worth of cryptocurrencies during the third quarter of 2024, according to a new report by blockchain analytics firm CertiK. Despite a decrease in the...
In September 2024, cryptocurrency platforms faced significant security breaches, resulting in losses of over $120 million from more than 20 hacks, according to blockchain forensic firm PeckShield. The attacks targeted both centralized and decentralized platforms, with exchanges like BingX,...
Bedrock, a multi-asset liquid staking protocol, has confirmed it was targeted in a security exploit involving uniBTC, resulting in the theft of approximately $2 million. In a September 27 post on X (formerly Twitter), Bedrock acknowledged the security breach...
Banana Gun, a cryptocurrency trading bot on Telegram, has announced that it will refund users the $3 million lost during a recent hack involving 11 attackers. BOT INCIDENT RECAP First of all, we’re humbled by the incredible bot activity...
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...
