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Bitcoin theft is likely to surge in meager post-COVID economy: report
30.11.2020
Cybercriminals may favor a different cryptocurrency in the coming months, however
Cryptocurrency and Safety Money, Bitcoin Vault Breaks Stereotypes
27.11.2020
Cryptocurrency theft has boomed over the past couple of years and this is no hoax. Over USD 1.40 billion was stolen in the first five months of 2020. If thefts continue to rise at this rate, 2020 may well become the second-costliest year in the history of crypto – lagging slightly behind last...
Hackers Have Stolen $100 Million From Defi Projects This Year
11.11.2020
Hackers have stolen $100 million from decentralized finance (Defi) projects so far this year, according to a new report. Defi accounted for 50% of all hacks and thefts in the second half of the year. Defi Hacks on the Rise A new report by cryptocurrency forensics and blockchain threat intelligence...
Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers
10.11.2020
A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen...
Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen
10.11.2020
Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam...
Ex-Microsoft Dev Gets 9 Years in Prison Over $10M Theft Involving Bitcoin Mixing
10.11.2020
The former Microsoft software engineer was sentenced Monday for an elaborate criminal scheme involving bitcoin and digital gift cards
Police in Latvia Thwart Brutal Crypto Theft and Murder Plot
22.10.2020
Police in Latvia said they have intercepted a gruesome kidnap and murder attempt on two people, at least once of whom has significant cryptoasset holdings – and torture at least one victim into revealing their private keys and other details.
Per an official release from the Latvian police service...
What Yearn Finance’s ‘Blue Kirby’ Incident Means for Pseudonymity
13.10.2020
DeFi investors are reeling from another case of pseudonymous treachery as Yearn.Finance community leader Blue Kirby allegedly absconded with ill-gotten gains
Robinhood Traders, Including Bitcoin Holders, Left in the Lurch Following Theft: Report
9.10.2020
The popular personal investing platform did not do enough to help targeted customers, victims claim
USD 36m in Stolen Bitfinex Bitcoin Moved, Botched BTC ATM Theft + More News
8.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crime news
Almost USD 36m worth of bitcoin (BTC) associated with the massive 2016 hack of crypto exchange Bitfinex was moved across elven...
Bungled Theft of Bitcoin ATM Puts Canadian Business Out of Action
8.10.2020
The inept thieves reversed their pickup truck into the store window, after failing to nab the crypto ATM
Bungled Bitcoin ATM theft in ‘meatspace’ won't ruin Thanksgiving
8.10.2020
Two thieves have destroyed the front wall of a deli in Canada after a failed attempt to steal a Bitcoin ATM
Former EU Parliament Member Godfrey Bloom Who Calls Banking System a Scam Bought His First Bitcoin
4.10.2020
Former Member of the European Parliament Godfrey Bloom has bought his first bitcoin. The British politician is famed for numerous controversial views, such as calling the entire banking system a scam and the state an institution of theft. Godfrey Bloom Now Owns Bitcoin Godfrey Bloom is a British...
US Indicts 2 People Stealing $17M in Bitcoin and Ether From Binance, Poloniex, Gemini Users
21.9.2020
Two people have been charged in the U.S. for allegedly using “a sophisticated market manipulation scheme” to defraud and steal $17 million in bitcoin and ether from users of three cryptocurrency exchanges worldwide. The targeted exchanges were Binance, Poloniex, and Gemini. Binance...
Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T
11.9.2020
A California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alleged negligence and fraud. The judge still ruled the telecom company had to answer the lawsuit by Michael Terpin for enabling the theft of $24 million worth of his cryptocurrency after...
Research: New Malware Employs Tor and Bittorrent To Steal Bitcoin and Ether
4.9.2020
A new trojan called Krypto Cibule uses infested computers’ power to mine cryptocurrency, steal crypto wallet files, and redirect incoming digital assets to a hacker address. The malware rides on the Tor network and the Bittorrent protocol to perform attacks, according to an extensive report...
Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint
4.9.2020
Chilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition...
Malaysian Authorities Arrest Crypto Miners for $600K Power Theft
1.9.2020
The two crypto mining operations stole almost $20,000 in electricity monthly
Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son
29.8.2020
The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday...
ShapeShift Accuses Former Employee of Stealing $900K in Bitcoin
27.8.2020
The exchange wants $5,000 in damages from Azamat Mukhiddinov, its now-fired senior engineer