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India Struggles to Curb Rising Crypto Frauds, Victims Left in a Legal Abyss Amid Regulatory Ambiguity
25.9.2023
India is currently witnessing an alarming surge in cryptocurrency-related frauds, leaving investors in despair and criminals largely unchecked.
The absence of clear regulations in the cryptocurrency space can largely be attributed to the encouragement of these illicit activities. ...
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Coinbase Receives $1 Million Amid Crypto Hack, Yet Victims Await Compensation – What's Going On?
18.9.2023
Coinbase, the largest US cryptocurrency exchange, has raked in $1 million in profit from the recent hack of DeFi platform Curve Finance.
The exchange has not yet returned the funds, which some argue belong to the victims of the hack, claiming that it is not obligated to do so.
The incident...
PolyNetwork hack victims can now file Metis claims
18.9.2023
Users who suffered losses as a result of the PolyNetwork hack can now settle their claims. Metis has announced that the claim-settlement mechanism is now live as of September 15, 2023, 1 p.m. UTC. The designated domain is redemption.metis.io. Metis is covering all the losses while attempting...
Report: Binance’s Decision to Airdrop $3 Million to Morocco Earthquake Victims via BNB Token Criticized
16.9.2023
Cryptocurrency exchange Binance has been criticized for pledging to help victims of Morocco’s devastating earthquake by airdropping its native crypto token. According to Action on Armed Violence’s Iain Overton, people affected by the earthquake are only interested in getting immediate...
Coinbase Inadvertently Earned $1M Due to Hack, but Hasn't Reimbursed Victims
15.9.2023
Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit
Vitalik Buterin Confirms His X Account Was Hacked by SIM Swap
12.9.2023
Ethereum founder Vitalik Buterin took to social media to share details about the hacking of his profile on X, formerly Twitter. The influential crypto figure confirmed suspicions that the account was targeted in a SIM swap attack allowing perpetrators to promote a crypto scam enticing victims with...
Binance pledges $3 million in BNB to Morocco earthquake victims
12.9.2023
Binance said it will issue a series of airdrops worth up to $100 in BNB to users verified to be located in the highly impacted Marrakech region of Morocco
Vitalik Buterin’s X Account Hacked to Promote Crypto Scam
10.9.2023
The X account of Ethereum founder Vitalik Buterin has apparently suffered a breach by scammers spreading phishing links. The attack, which manifested itself in the form of a post offering free digital collectibles, has allegedly resulted in the loss of over $690,000 for those who fell for...
Vitalik Buterin's X account hacked, drains $691K+ from victims : Report
10.9.2023
Following the reported breach of Ethereum co-founder Vitalik Buterin's X (formerly Twitter) account, over $691,000 in losses has been inflicted on victims by malicious links
Oprah and The Rock Accept Bitcoin Donations For Maui Fire Victims – Here’s the Latest
1.9.2023
The People’s Fund of Maui, a charity organization rolled out by celebrities Oprah Winfrey and Dwayne “The Rock” Johnson to aid victims of wildfires in Maui accepts Bitcoin (BTC) and other cryptocurrencies.
The fund launched to provide direct financial support to the community has seen the crypto...
Oprah and The Rock collect crypto donations for Maui wildfires victims
1.9.2023
The Rock and Oprah Winfrey launched the People’s Fund of Maui to provide direct financial support to those affected by the calamity
UN Alerts Rapid Rise of Victims in Southeast Asia ‘Forced’ Into Crypto Scams
30.8.2023
A report from the United Nations Human Rights Office revealed that “hundreds of thousands of people” across Southeast Asian countries are being “forced” by organized criminal gangs to engage in online scams including cryptocurrency frauds and illegal gambling schemes....
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Logan Paul Promised To Repay Crypto Victims $1.3 Million, Tracker Shows It’s Not Happening
24.8.2023
Logan Paul’s NFT-based, play-to-earn “game” CryptoZoo never showed up after a botched preliminary launch in 2021, securing Paul a class-action lawsuit and furious investors waiting for the $1.3 million he promised as compensation. It’s been six months, though. Instead of continuing to wait quietly...
Multichain victims search for answers in $1.5B exploit as new evidence emerges
23.8.2023
Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID
US Court Hands 3-Year Jail Sentence to Man Accused of Conspiring to Defraud Crypto Holders
23.8.2023
A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud scheme. SIM Swap Fraud Scheme A United States district...
Why I Don’t Feel Bad for HEX Founder Richard Heart’s Victims
2.8.2023
Maybe the SEC can finally convince Hex and PulseChain devotees that they’ve been cheated
Crypto scams are down 77% — but this exploit is making a huge comeback
12.7.2023
Attackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms
US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million
30.6.2023
According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, has been issued with an injunction order which bars him from trading in any CFTC-regulated markets or registering with the CFTC. The injunction also...
Crypto Ponzi Schemes Cost Victims $7.8B in 2022: TRM Labs
28.6.2023
Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report
Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets
23.6.2023
A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments he considers related to the case, including...