The former CEO of a failed bank in Elkhart, Kansas will spend 24 years behind bars after funneling millions of depositors’ money into a cryptocurrency scheme. The Justice Department says that between May and July last year, Shan Hanes, who was then serving as CEO of Heartland Tri-State Bank (HTSB), sent a total of $47.1 […]
The post Ex-CEO of Collapsed Bank Sentenced to Over 24 Years in Prison for Embezzling $47,100,000 in Crypto Scheme: DOJ appeared first on The Daily Hodl.
The Australian Securities and Investment Commission (ASIC) is warning about widespread online investment scams, including those involving cryptocurrencies. In a new announcement, the ASIC says it is constantly shutting down malicious websites that are targeting Australians through various means and trying to make off with their funds. “Since July 2023, ASIC has coordinated the removal […]
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Law enforcement agencies in Bangkok are reportedly looking for four Chinese nationals who broke into a luxury house in the Pathum Thani province and forced their victim to transfer millions of dollars in crypto. Bangkok Post reports that masked suspects, each armed with a gun and knife, broke into the house of 35-year-old Chinese businessman […]
The post Robbery Victim Forced To Transfer $2,000,000 in Crypto to Four Attackers in Break-and-Enter: Report appeared first on The Daily Hodl.
A former JPMorgan employee is in the cross hairs of the Financial Industry Regulatory Authority (FINRA) over alleged regulatory violations. FINRA says it’s penalizing Dale Self with a $5,000 fine and suspending him from associating with its members for 15 business days for “improperly” taking the personal information of dozens of customers from J.P. Morgan […]
The post JPMorgan Employee Allegedly Steals Account Data, Social Security Numbers and Other Sensitive Information on Over 200 Customers: FINRA appeared first on The Daily Hodl.
Market intelligence platform Chainalysis says losses from crypto theft and ransomware attacks have increased over the past year as attackers employ a new strategy to collect more from their victims. In a new report, Chainalysis says that stolen fund inflows nearly doubled from $857 million to $1.58 billion despite a general decline in illicit transactions. […]
The post Crypto Ransomware Inflows Rise As Attackers Shift to Targeted, ‘Big Game Hunting’ Strategy: Chainalysis appeared first on The Daily Hodl.
Liquidators of the failed crypto hedge fund Three Arrows Capital (3AC) are reportedly seeking $1.3 billion from Terraform Labs, the bankrupt stablecoin firm co-founded by Do Kwon. According to a new report by Bloomberg, the liquidators filed a claim in the U.S Bankruptcy Court for the District of Delaware seeking funds 3AC allegedly lost as […]
The post Three Arrows Capital Liquidators Want $1,300,000,000 From TerraForm Labs Over 2022 LUNA Collapse: Report appeared first on The Daily Hodl.
A securities regulator in Canada has charged the head of a crypto exchange with gambling users’ crypto. According to a new official decision from the British Columbia Securities Commission (BCSC), crypto exchange ezBtc founder David Smillie used CAD $13 million ($9.48 million) in customer funds for online gambling. “The respondents perpetrated a fraudulent scheme relating […]
The post Crypto Exchange Founder Accused of Gambling Away User Funds on Betting Sites, Losing $9,500,000 appeared first on The Daily Hodl.
A foreign cyberattack has reportedly hit the city of Columbus, Ohio. The attack has disrupted various city servers and appears to have compromised data, reports the Colombia Dispatch. The ransomware group Rhysida says it’s behind the hack, listing a trove of new data for sale on the dark web. Although officials have released few details […]
The post ‘Foreign Cyberattack’ Hits US City As Local Police Claim Bank Accounts Have Been Hacked: Report appeared first on The Daily Hodl.
A South Korean CEO is reportedly facing fraud charges for allegedly orchestrating a massive $364.9 million Ethereum (ETH)-themed crypto scheme. According to iNews24, Byun Young-oh, the CEO of tech firm Wacon, was arrested for allegedly running a pyramid scheme disguised as a legitimate crypto investment opportunity. The CEO was arrested along with an alleged accomplice […]
The post Tech CEO Arrested for Alleged $364,915,550 Crypto-Themed Fraudulent Scheme: Report appeared first on The Daily Hodl.
A new crypto scam utilizing QR codes to trick users into authorizing wallets is spreading, according to crypto data analytics firm Bitrace. In a lengthy thread on the social media platform X, Bitrace says that the new crypto scam is deceiving traders by enticing them with alluring over-the-counter trades and rewards in the native asset […]
The post New Crypto Scam Using QR Codes To Deceive Users Into Authorizing Wallets Spreads: Bitrace appeared first on The Daily Hodl.
