The U.S. Consumer Financial Protection Bureau (CFPB) is reportedly proposing a refund requirement for digital assets following a slew of crypto hacks. According to a new report by The Financial Times, the CFPB – which aims to protect consumers from unfair financial practices by institutions – is proposing a new rule that would mandate crypto […]
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The South Korean government says it is imposing sanctions on 15 North Koreans who engage in illicit cyber activities to raise funds for their totalitarian state. In a statement, South Korea’s Ministry of Foreign Affairs says the individuals – Park Heung-ryong, Yoon Jung-sik, Lee Il-jin, Kim Kyung-il, Kang Hyun-cheol, Kim Cheol-min, Lee Geum-hyung, Kim Ryu-sung, […]
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North Korean hackers stole $308 million in Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed Tuesday. The FBI, Japan’s National Police Agency and the Department of Defense Cyber Crime Center identified the North Korean group known as “TraderTraitor” as responsible for the theft of 4,502.9 Bitcoin, according to a new […]
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Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.
Liquidators of the bankrupt cryptocurrency exchange Cryptopia have started distributing millions to users affected by a hack that took place almost six years ago.
Cryptopia’s liquidating firm, Grant Thornton, on Dec. 20 announced the start of distributions to more than 10,000 verified account holders affected by Cryptopia’s hack in 2019.
Over the past two days, verified account holders of Bitcoin (BTC) and Dogecoin (DOGE) received crypto distributions worth at least 400 million New Zealand dollars ($225 million), the liquidator said.
Ilya Lichtenstein urged his social media followers not to blame his wife — also implicated in money laundering — for the 2016 Bitfinex hack.
Ilya Lichtenstein, the hacker who stole and laundered Bitcoin from the crypto exchange Bitfinex, has released a statement on social media after being sentenced to five years in prison.
In a Dec. 19 X post, Lichtenstein reaffirmed many of the statements he made in court leading to his incarceration. He confessed to hacking Bitfinex in 2016 and laundering “thousands of Bitcoin” but suggested he wanted to shoulder the entirety of the blame rather than his wife, Heather Morgan, who was also sentenced to prison time for her role in laundering Bitcoin (BTC).
“I knew what I was doing was wrong and did it anyway because I didn’t care, I didn’t care about anyone else except myself,” said Lichtenstein in a video message from prison, often appearing as though he were reading a prepared statement.
A federal judge has given Eric Council Jr., who pleaded not guilty to compromising the SEC's X account, permission to travel to North Carolina between Dec. 23 and Dec. 29.
Eric Council Jr., the individual who allegedly hacked the United States Securities and Exchange Commission’s X account in January and posted a message suggesting that Bitcoin exchange-traded funds (ETFs) had been approved, will be allowed to travel for the holidays.
In a Dec. 13 filing with the US District Court for the District of Columbia, Judge Amy Berman Jackson said Council could travel to North Carolina with a third-party custodian between Dec. 23 and Dec. 29. The judge said the alleged hacker “must provide Pre-Trial Services with his precise itinerary and information concerning where he will be staying at least two business days before traveling.”
Council pleaded not guilty to hacking the SEC’s X account on Jan. 9 and posting a message suggesting that the commission had greenlighted spot Bitcoin (BTC) ETFs at a time when many in the industry expected a decision. The fake message, complete with a quote from SEC Chair Gary Gensler, shook markets before the commission officially approved the investment vehicles roughly 24 hours later.
Uganda’s central bank just confirmed rumors of a hack, revealing a trove of cash has been drained from the nation’s official bank accounts. The Bank of Uganda says police are launching an investigation into the theft of 62 billion Ugandan shillings, worth $16.8 million, reports Reuters. The hacking group “Waste” claims it’s responsible for the […]
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XT.com issued a statement acknowledging an “abnormal transfer of platform wallet assets,” but hasn’t yet confirmed the hack.
XT.com, a cryptocurrency exchange trading $3.4 billion daily, suspended withdrawals on its platform after a suspected $1.7 million hack.
The exchange suspended withdrawals, citing “wallet upgrade and maintenance,” it said on Nov. 28.
XT.com’s withdrawal suspension announcement on Nov. 28. Source: XT.com
A federal judge sentenced Heather Morgan, also known as Razzlekhan, to 18 months in prison for laundering stolen Bitcoin connected to Bitfinex.
One of the two individuals responsible for laundering stolen Bitcoin connected to the 2016 hack of crypto exchange Bitfinex has been sentenced to 18 months in prison.
Washington, DC, District Court Judge Colleen Kollar-Kotelly sentenced Heather Morgan — also known by her rapper alter ego “Razzlekhan” — to 18 months in prison in a Nov. 18 hearing. Morgan pleaded guilty to conspiracy to commit money laundering and defraud the United States in August 2023.
Morgan and her husband, Ilya Lichtenstein, admitted to laundering millions of dollars worth of Bitcoin (BTC) stolen from Bitfinex before their 2022 arrests. US authorities initially suspected the couple had only been responsible for laundering the stolen funds, but Lichtenstein later admitted in court to hacking the exchange.
US authorities arrested Ilya Lichtenstein and his wife, Heather Morgan, in 2022 for laundering Bitcoin connected to the Bitfinex exchange.
Ilya Lichtenstein, the hacker who stole billions worth of Bitcoin from the crypto exchange Bitfinex in 2016, was sentenced to five years in prison.
Washington, DC, District Court Judge Colleen Kollar-Kotelly sentenced Lichtenstein in a Nov. 14 hearing after he pleaded guilty to conspiracy to commit money laundering in August 2023. In addition to jail time, Lichtenstein was ordered to serve three years of supervised release.
Lichtenstein was facing up to 20 years in jail, but prosecutors had recommended he serve five years as he had no prior criminal history, gave “substantial assistance” in other investigations and managed to launder only 25,111 Bitcoin (BTC) out of the 119,754 BTC he stole from Bitfinex, currently worth over $10.4 billion with the cryptocurrency priced around $87,500.
