A new phishing scam has emerged in China, targeting cryptocurrency users. The scammers are using a fake Skype video app to deceive users and steal their funds. The scam takes advantage of China’s ban on international applications, as mainland users often search for these banned apps through third-party platforms. The hackers have created a fake […]
SafeMoon, a crypto company, and its executive team have been charged by the SEC for offering unregistered securities and engaging in fraudulent activities. The SEC alleges that SafeMoon’s CEO, CTO, and creator wiped out billions in market capitalization, withdrew $200 million in crypto assets, and misappropriated investor funds for personal use. Despite claims that the […]
Cryptocurrency exchange Poloniex has suffered a major hack, resulting in a loss of approximately $114 million. The hack was detected by blockchain security firms PeckShield and Cyvers, and Poloniex promptly disabled its wallet for maintenance. Tron founder Justin Sun confirmed the hack and stated that the exchange would reimburse affected users. In addition, Sun offered […]
FTX, a cryptocurrency exchange, has filed a lawsuit against Bybit and its affiliates, accusing them of using fraudulent tactics to withdraw $953.2 million from the FTX platform before it collapsed. The lawsuit alleges that Bybit and its affiliates had VIP privileges that allowed them to prioritize their withdrawals, leaving FTX’s non-VIP customers struggling to access […]
FTX, a cryptocurrency exchange, has filed a lawsuit against Bybit and its affiliates, accusing them of using fraudulent tactics to withdraw $953.2 million from the FTX platform before it collapsed. The lawsuit alleges that Bybit and its affiliates had VIP privileges that allowed them to prioritize their withdrawals, leaving FTX’s non-VIP customers struggling to access […]
Taiwanese prosecutors have identified two new suspects in the ongoing investigation of the JPEX scandal. Chang Tung-Ying, the chief partner of JPEX’s Taiwan Office, and JPEX lecturer Shih Yu-sheng are now under scrutiny for alleged fraud. The Taipei District Prosecutors Office has formally requested their custody, citing violations of the Banking Act and the Money […]
Former Ethereum lawyer Steven Nerayoff has announced that he will soon provide evidence to support his claims of a massive fraud within the Ethereum network. In an interview, Nerayoff stated that he would release the proof within the next four or five days. This revelation has sparked anticipation within the crypto industry, as investors eagerly […]
A judge in New York has postponed the bail of John Karony, the CEO of crypto platform SafeMoon, while assessing the level of flight risk. The bail had previously been granted by a Utah judge but was stayed at the request of prosecutors. The prosecutors argued that the Utah judge did not consider Karony’s finances […]
Singapore-based cryptocurrency lending service Hodlnaut has filed a wind-up order with the court, signaling its intention to liquidate its remaining assets. This move comes after more than 17,000 creditors voted against a restructuring plan for the company in favor of liquidation. The winding-up process will be carried out under the provisions of the Insolvency, Restructuring, […]
Crypto exchange Poloniex has experienced a significant security breach, resulting in the theft of approximately $125 million from its hot wallets. The attack, initially detected by blockchain analytics firm PeckShield, saw hackers make off with $56 million in ETH, $48 million in TRON (TRX), and $18 million in Bitcoin. Following PeckShield’s report, Poloniex disabled its […]
