DOJ Charges Two Chinese Nationals for Allegedly Laundering Proceeds of $73,000,000 ‘Pig Butchering’ Crypto Scam

May 19, 2024 The Daily Hodl

DOJ Charges Two Chinese Nationals for Allegedly Laundering Proceeds of ,000,000 ‘Pig Butchering’ Crypto Scam

crime

The U.S. Department of Justice (DOJ) is charging two Chinese nationals for allegedly running a pig butchering crypto scam and laundering tens of millions of dollars. In a new press release, the DOJ says that Chinese citizens Daren Li and Yicheng Zhang were the masterminds of the pig butchering scam, which involved sending unsolicited messages […]

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Wells Fargo Accused of ‘Aiding and Abetting’ Alleged $300,000,000 Ponzi Scheme With More Than 1,000 Victims: Report

May 19, 2024 The Daily Hodl

Wells Fargo Accused of ‘Aiding and Abetting’ Alleged 0,000,000 Ponzi Scheme With More Than 1,000 Victims: Report

bank

A new lawsuit accuses Wells Fargo of monitoring “both sides” of an alleged $300 million Ponzi scheme and doing nothing to stop it. Plaintiffs for the lawsuit accuse the US bank of unjust enrichment, negligence, aiding and abetting fraud and breaching fiduciary duties, reports the Sun Sentinel. In July of 2021, the Florida Office of […]

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$22,000 Disappears From JPMorgan Chase Account After Customer Reports Suspicious Activity – Now Bank Says Reimbursement Is Not Happening: Report

May 18, 2024 The Daily Hodl

Account

An Ohio family says a single phone call led to thousands of dollars being drained from their JPMorgan Chase bank account – and Chase says they’re on the hook for it. The Kalista family says they recently received a phone call from what was allegedly Chase, notifying them of suspicious activity, News 5 Cleveland reports. […]

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Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

Bank Executive Embezzles $1,528,321, Steals Customers’ Personal Information To Deploy False and Fictitious Loans: DOJ

May 17, 2024 The Daily Hodl

bank

A former bank executive is facing decades behind bars for abusing her position to embezzle more than a million dollars. The U.S. Attorney’s Office for the Western District of Missouri says Stacia Wilson has pleaded guilty to one count of bank fraud. Wilson, who worked as vice president at St. Clair County State Bank in […]

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Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

Bank of America Blames Customers, Ignores Law, Denies Fraud Claims Without Any Explanation or Proof Whatsoever: New Class-Action Allegations

May 17, 2024 The Daily Hodl

bank

A Bank of America customer just launched a class-action lawsuit accusing the lender of illegally refusing to reimburse legitimate victims of fraud. Plaintiff Kimberley Dennie says she lost her BofA debit card in February and soon watched several unauthorized transactions hit her account. Dennie says she promptly reported the card as lost or stolen and […]

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Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

$9,100 Drained From US Veteran’s Bank Account – Bank Rejects Responsibility, Demands Victim Pay $2,800 Negative Balance: Report

May 17, 2024 The Daily Hodl

bank

A customer at a US bank says $9,100 was mysteriously drained from his account even after he notified the lender about suspicious activity. Military veteran Roberto Rangel says USAA then refused to reimburse his account – and demanded he pay a negative balance of $2,800 that was triggered by the theft, reports the Fox-affiliated news […]

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Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

May 16, 2024 The Daily Hodl

crypto

Two US brothers who attended the Massachusetts Institute of Technology (MIT) have been arrested for allegedly partaking in a high-speed multimillion-dollar crypto heist. According to a new press release by the U.S. Department of Justice (DOJ), the brothers – Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York – have been attained […]

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$1,700,000,000 Hedge Fund Hacked for Unspecified Amount in Crypto Assets, Perpetrators Not Arrested: Report

May 16, 2024 The Daily Hodl

crypto

A major crypto investment firm is reportedly the latest victim of a security breach in the digital asset industry. Bloomberg reports that hackers have compromised and partially drained the main hedge fund of BlockTower Capital. The institutional investment firm with $1.7 billion in assets under management (AUM) has made investments in several Web3 firms, including […]

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Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

May 16, 2024 The Daily Hodl

UN Experts Say North Korea Laundered 7,500,000 in Stolen Crypto via Tornado Cash in March: Report

crypto assets

Members of a United Nations expert panel monitoring North Korea sanctions reportedly found a link between the totalitarian state and the crypto mixer Tornado Cash. According to Reuters, a confidential document from the monitors told the U.N. Security Council sanctions committee that North Korea used Tornado Cash to launder $147.5 million worth of stolen crypto […]

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CFTC Warns Public of ‘Money Mule’ Scams Involving Crypto Disguised As Work-From-Home Opportunities

May 15, 2024 The Daily Hodl

CFTC

Students and job seekers should be wary of a specific type of crypto scam falsely promising work-from-home opportunities, warns the Commodity Futures Trading Commission (CFTC). “Money mule” scams involve criminals tricking people into sending and receiving money into their bank accounts, digital wallets, or spot-market crypto trading accounts as part of their supposed job responsibilities. […]

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Scams, Schemes and Hacks