US authorities have announced the arrest of the alleged mastermind of a notorious dark web marketplace that allowed users to buy and sell illegal drugs anonymously. In a statement, the U.S. Department of Justice (DOJ) says that 23-year-old Rui-siang Lin, from Taiwan, was arrested at John F. Kennedy Airport on May 18th and subsequently charged […]
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A Chinese woman charged for her role in laundering the proceeds of a multi-billion dollar fraud scheme is now reportedly behind bars. According to Reuters, Wen Jian was sentenced to six years and eight months in prison on Friday after jurors found her guilty of one count of money laundering in March. Prosecutors say that […]
The post Woman To Serve About Seven Years Behind Bars for Laundering Bitcoin Proceeds of $6,400,000,000 Fraud: Report appeared first on The Daily Hodl.
One of the largest banks in the world says a data breach has exposed information on both its customers and employees. In a statement, Santander says it’s aware of “unauthorized access” to a third-party database containing information on an undisclosed number of customers and employees. The bank, which has $1.8 trillion in total assets and […]
The post $1,800,000,000,000 Bank Says Customers’ Personal Information Has Been Exposed and Accessed in Mysterious Data Breach appeared first on The Daily Hodl.
The bankrupt crypto exchange FTX paid more than $25 million worth of hush money to whistleblowers before collapsing in November 2022, according to a new report from a court-appointed examiner. Earlier this year, the U.S. Department of Justice (DOJ) tapped Robert J. Cleary, a lawyer who served as the lead prosecutor on the Unabomber case, […]
The post FTX Paid More Than $25,000,000 in Hush Money to Whistleblowers, According to Court Examiner appeared first on The Daily Hodl.
The U.S. Department of Justice (DOJ) is accusing a bank employee of creating a web of unauthorized transactions and illegal accounts, stealing more than $2.1 million from customers. In a 17-count indictment, the DOJ says it’s charging Yue Cao of Winfield, Illinois, with alleged bank fraud, aggravated identity theft and engaging in monetary transactions in […]
The post Bank Employee Steals $2,100,000 From Customers, Spawns Web of Unauthorized Transactions and Illicit Accounts: DOJ Indictment appeared first on The Daily Hodl.
Blockchain-based gaming platform Gala (GALA) says it recovered over $20 million worth of crypto assets that were stolen during a security breach earlier this week. In a statement, Gala says that a hacker initiated a transfer of $200 million in Gala tokens on May 20th, but the monitoring system flagged the suspicious activity, which allowed […]
The post Gala Says Hacker Has Returned Over $20,000,000, Plans To Reimburse Users Affected by the Exploit appeared first on The Daily Hodl.
The co-founder of Gala (GALA), Eric Schiermeyer, is revealing the genesis of an exploit that led to the loss of crypto assets worth millions of dollars on the blockchain-based gaming platform. Schiermeyer says that a security incident triggered the “unauthorized SALE of 600 million ($21 million) GALA tokens and the effective BURN of 4.4 billion […]
The post Gala Co-Founder Confirms Hack, Says Security Incident Led to Unauthorized Sale of $21,000,000 Worth of Coins appeared first on The Daily Hodl.
A JPMorgan Chase customer reportedly lost $300,000 at a bank branch in Brooklyn immediately after withdrawing the cash. The 31 year-old customer withdrew the huge sum from a teller and was robbed once he exited the bank’s front door, reports News 12. Although the bank has not released a statement on the assault, it provided […]
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A New York man pled guilty to fraud charges last week after using various fake crypto and real estate schemes to swindle investors out of more than $1.3 million. Thomas John Sfraga, who went by the alias “T.J. Stone,” defrauded more than a dozen victims, including friends and neighbors, according to an announcement from the […]
The post New York Man Arrested for Swindling $1,300,000 in Scheme Involving Fictitious Crypto Wallet appeared first on The Daily Hodl.
Canadian authorities have arrested a 25-year-old man for allegedly masterminding a crypto Ponzi scheme that defrauded investors for over $30 million. After an 18-month investigation, police in Ontario have announced that they arrested Aiden Pleterski for fraud and money laundering charges, Canadian government-funded media CBC reports. Says Ontario Police Chief Peter Moreira, “It’s alleged that […]
The post Canada’s ‘Crypto King’ Facing Multiple Years Behind Bars for Allegedly Running $30,475,000 Fraud: Report appeared first on The Daily Hodl.
