Crime
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.”
Gotbit Founder Aleksei Andriunin Pleads Guilty to Wire Fraud, Market Manipulation
Prosecutors are recommending that Andriunin, 26, spends no more than 24 months in a U.S. prison.
UK Introduces Crime Bill That Extends Powers for Courts When Retrieving Crypto
The Crime and Policing Bill has measures on how to value crypto and retrieve it from criminals.
Payments Card Issuer Infini Offers Reward for Return of Funds After $49 Million Exploit
The neobank offered the perpetrator 20% of the stolen funds to return the money within 48 hours, threatening legal action otherwise.
Crypto Critic and Former Senator Bob Menendez Gets 11 Years in Prison for Bribery
Menendez is a former senator from New Jersey and a Democrat.
