Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022

March 9, 2023 Bitcoin.com

Report: Hong Kong Residents Lost More Than 6 Million to Crypto Scams in 2022

bitcoin.com

According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half of the $407.7 million that was lost to […]

Investor loses million in WBTC, tricked by poisoned address

Investor loses $71 million in WBTC, tricked by poisoned address

Nigeria Fintech Flutterwave Denies Client Account Hacking Reports

March 6, 2023 Bitcoin.com

Account freeze

The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual trend of transactions on some users’ profiles.” Motion to Freeze The Nigerian fintech unicorn, Flutterwave, has said reports […]

Investor loses $71 million in WBTC, tricked by poisoned address

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace

February 23, 2023 Bitcoin.com

Arraignment

A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School […]

Investor loses $71 million in WBTC, tricked by poisoned address

Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows

February 2, 2023 Bitcoin.com

arrests

Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will Provide Access to User Funds Crypto exchange Bitzlato is taking steps to restore operations and immediately […]

Investor loses $71 million in WBTC, tricked by poisoned address

Hive Ransomware Network Dismantled by American, European Law Enforcement

January 27, 2023 Bitcoin.com

bitcoin.com

Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted various organizations worldwide in the past couple of years, often extorting payments in cryptocurrency. Captured Decryption Keys […]

Investor loses $71 million in WBTC, tricked by poisoned address

Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims

January 26, 2023 Bitcoin.com

Binance

Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among Russian-owned Bitzlato’s major counterparties. Blockchain Data Indicates Binance Moved Over 20,000 BTC for Bitzlato […]

Investor loses $71 million in WBTC, tricked by poisoned address

Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says

January 24, 2023 Bitcoin.com

agency

European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the recently busted Bitzlato […]

Investor loses $71 million in WBTC, tricked by poisoned address

Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria

January 12, 2023 Bitcoin.com

$94 billion

According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into Nexo is a large-scale operation involving 300 investigators from various agencies, including the National Security Service, Gendarmerie, and Sofia Police. Bulgarian Law Enforcement […]

Investor loses $71 million in WBTC, tricked by poisoned address

Crypto Community Asks: Where in the World Is Ex-Alameda CEO Sam Trabucco?

December 24, 2022 Bitcoin.com

2019

Following FTX co-founder Sam Bankman-Fried’s arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the team’s inner circle. Another person people are curious about these days is Alameda Research’s ex-co-CEO Sam Trabucco. The 30-year-old executive left Alameda in Aug. 2022, […]

Investor loses $71 million in WBTC, tricked by poisoned address

Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019

December 24, 2022 Bitcoin.com

Alameda’s lenders

On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly to the former FTX CEO Sam Bankman-Fried (SBF). […]

Law Enforcement

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