FBI agents just arrested two men accused of carrying out a heist that saw one victim lose about a quarter of a billion dollars worth of Bitcoin (BTC). The U.S. Attorney’s Office for the District of Columbia says authorities are charging California residents Malone Lam and Jeandiel Serrano with conspiracy to steal and launder $250 […]
The post Two California Men Arrested by Feds for Allegedly Stealing $250,000,000 in Bitcoin From Washington D.C. Victim appeared first on The Daily Hodl.
Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals Indian […]
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing that portrayed the Play Store as a secure […]
The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from their accounts and deposit them into bitcoin ATMs. The sheriff’s office emphasizes […]
Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack […]
The New York County District Attorney’s Office is hiring a full-time cryptocurrency analyst for its Cybercrime and Identity Theft Bureau. This role involves analyzing cryptocurrency theft complaints, conducting blockchain transaction analyses, and providing expert testimony. NY District Attorney Seeks Cryptocurrency Analyst The New York County District Attorney’s Office has put up a job posting for […]
Dylan Meissner, 31, of Westport, has pleaded guilty to fraud in Hartford federal court, the U.S. Department of Justice (DOJ) announced. Meissner, a former Vice President of Finance at a cryptocurrency research firm, admitted to stealing over $4 million from his employer. Starting in January 2022, Meissner secured a $170,000 loan in ethereum from his […]
DMM Bitcoin, a subsidiary of DMM Group, has reported a significant security breach resulting in the theft of 4,502.9 bitcoin (BTC), valued at approximately $303 million. The Japanese cryptocurrency exchange detected the unauthorized transfer of funds from its wallet at 1:26 p.m. on Friday, May 31, 2024. In response, DMM Bitcoin has assured its customers […]
Chinese national Yunhe Wang has been accused of hijacking over 19 million private IP addresses and reselling them to criminals for nefarious use.
The U.S. Department of Justice (DOJ) has arrested Yune Wang, 35, a People’s Republic of China national and St. Kitts and Nevis citizen-by-investment, for his alleged role in a botnet scam "used to commit cyber attacks, large-scale fraud, child exploitation, harassment, bomb threats, and export violations."
According to the May 29 indictment, Wang allegedly "created and disseminated malware to compromise and amass a network of millions of residential Windows computers worldwide" that affected over 19 million IP addresses through the 911 S5 botnet between 2014 and 202. The defendant then proceeded to sell hijacked IP addresses to cybercriminals for cryptocurrencies with victims in more than "200 countries and facilitated a whole host of computer-enabled crimes, including financial frauds, identity theft, and child exploitation."
A separate analysis by blockchain analytics firm Chainlysis demonstrates that wallet addresses associated with Wang together held more than $130 million in digital assets earned through illicit commissions. Researchers at Chainalysis wrote:
The contributor, “hoak,” said their actions were due to a “crippling gambling addiction” and “psychological factors that went by unchecked.”
An anonymous core contributor to the Solana exchange Cypher Protocol has confessed to stealing and gambling away around $260,000 worth of the project’s cryptocurrency recovered from a $1 million exploit last year.
“The allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else,” the contributor, who goes by “hoak” wrote in a public statement they shared in a May 14 X post.
Anonymous Cypher contributor “Barrett” had earlier posted a document to X alleging that a wallet owned by hoak made 36 transactions withdrawing various amounts of Ether (ETH), Bonk (BONK), Wrapped Solana (wSOL) and other cryptocurrencies from Cypher’s redemption contract — totaling around $260,000.
