The US government on Thursday imposed sanctions on Funnull Technology Inc. Tools provided by Funnull made it easier for fraud networks to switch domains and evade detection. Under the sanctions, all US-based assets or interests tied to Funnull or Liu are blocked. The US government on Thursday imposed sanctions on Funnull […]
US sanctions tech firm tied to multi million dollar crypto scam operations Read More »
An Italian tourist’s barefoot dash onto a SoHo sidewalk has cracked open one of the most violent crypto-ransom plots ever seen in New York City. With the surrender of William Duplessie, 32, on Tuesday, police say they have now charged two business partners who allegedly imprisoned and tortured the 28-year-old for 17 days in a
A federal jury convicted former SafeMoon Braden John Karony on all charges in a crypto fraud scheme that siphoned millions from investors under false promises of decentralized finance security. The jury found Karony guilty of conspiracy to commit securities fraud, wire fraud, and money laundering after a 12-day trial in Brooklyn on May 21. Prosecutors
Former SafeMoon CEO Braden Karony convicted on all charges in $200M crypto fraud scheme Read More »
Cetus Protocol, a decentralized exchange (DEX) operating on the Sui Network, has suspended its smart contract operations after a serious security breach. The platform confirmed the exploit on May 22 through its official X account, noting that the shutdown was necessary to prevent further fund loss, stating, “🚨Alert Announcement 🚨 There was an incident detected
Sui-based Cetus Protocol suspends operations following $260 million oracle exploit Read More »
The U.S. Securities and Exchange Commission (SEC) accused cryptocurrency startup Unicoin and its top executives of orchestrating a massive fraud scheme. The SEC alleges that they raised more than $100 million from thousands of investors using false promises about asset-backed tokens and inflated fundraising numbers. A crypto dream built on illusions? The SEC’s 77-page complaint, filed
Amid a recent surge in physical threats to crypto investors with substantial holdings, firms that offer personal security services are seeing increasing demand. Amsterdam-based physical security and intelligence services provider Infinite Risks International’s managing director, Jethro Pijlman, told Bloomberg: “We’ve had more inquiries, more long-term clients, and more proactive requests from crypto investors who don’t
Crypto investors are ramping up personal security as physical attacks surge: Report Read More »
Eric Council Jr. was sentenced to 14 months’ imprisonment for his role in the Jan. 9, 2024, hack of the U.S. Securities and Exchange Commission’s (SEC’s) X account. The convicted, along with co-conspirators, posted false news of the SEC approving the first Bitcoin (BTC) exchange-traded fund in the U.S. In a press release on May
Jan 2024 SEC’s X account hacker got 14 months in prison for cyber fraud Read More »
A dozen Americans and foreign nationals have been charged by the U.S. Department of Justice (DOJ) this week for engaging in an online racketeering conspiracy that saw $263 million worth of cryptocurrency netted in the crime scheme, as stated in a May 15 press release. Feds Say Fraudsters Swindled Millions in Crypto According to the
DOJ Busts Crypto Ring: $263M RICO Scam Fueled Supercars, $500K Parties Read More »
Authorities in Paraguay deported three individuals and arrested another in connection with a May 15 attempted robbery at a crypto mining operation in Coronel Bogado, a town and district in Paraguay. According to statements by prosecutor Irene Rolón made during a May 15 interview on local news outlet Monumental TV, the group allegedly targeted computer
Paraguay law enforcement thwarts crypto miner heist, deports arrested suspects Read More »
France is deploying new security measures to protect crypto entrepreneurs after a rash of violent kidnapping attempts raised alarm across the country’s tech sector and ignited political pressure on Interior Minister Bruno Retailleau, AP News reported on May 16. The ministry confirmed that Retailleau met privately with crypto founders to discuss personal safety. According to
