Crime
Telegram Cracks Down on Suspected $8B Chinese Crypto Crime Marketplace Set Up in Colorado
Illicit marketplaces are a key part of the growing global cyberscams industry, with Southeast Asia being among the hubs for such activity.
Germany Seizes $38M From Crypto Platform Suspected of Laundering Bybit, Genesis Hack Proceeds
EXch served as a hub for over $1.9 billion in illicit crypto transfers, authorities said, with funds tied to both high-profile hacks and phishing operations.
Cambodian Huione Group Received $98B in Crypto Leading to U.S. Crackdown: Elliptic
The group rolled out its own stablecoin in January to avoid traditional currency restrictions.
DOJ Seeks 20-Year Sentence for Celsius Founder Alex Mashinsky
Federal prosecutors called Mashinsky the architect of a "years-long campaign of lies and self-dealing" that left customers with billions in losses.
PGI Global Founder Hit With Fraud Charges in Alleged $200M Crypto Ponzi Scheme
According to the SEC, Ramil Palafox misappropriated more than $57 million in customer funds, using it to buy Lamborghinis and luxury products.
1 in 5 Cross-Chain Crypto Investigations Involve More Than 10 Blockchains, Elliptic Finds
Hopping from chain to chain is a common obfuscation tactic for criminals trying to cover their tracks, Elliptic CTO Jackson Hull said.
Former Ethereum Developer Virgil Griffith Leaves Prison, Seeks Pardon
Griffith pleaded guilty to one count of conspiracy to violate international sanctions after giving a talk at a crypto conference in Pyongyang in 2019.
Crypto Bill to Combat Illicit Activity Gets New Push After Passing U.S. House in 2024
The House of Representatives legislation would set up a government group across the Treasury, Justice Department and Secret Service to head off bad actors.
Abracadabra Drained of $13M in Exploit Targeting Cauldrons Tied to GMX Liquidity Tokens
The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.
Binance Offboards Market Maker That It Said Made $38M Profit on MOVE Listing
The entity was offboarded on March 18, and Movement Labs and Movement Foundation teams were informed of the “irregularities with their market maker.”
