This week, a Bitzlato co-founder pleaded guilty to money laundering charges, a federal judge accepted ex-Binance chief's guilty plea, thieves stole $363M in crypto this November, KyberSwap looks to compensate hack victims, Platypus hackers walked free, and Velodrome and Aerodrome were hacked again.
This week, a KyberSwap hacker demanded total control, the U.S. Treasury called for additional tools to sanction crypto baddies, the Aerodrome and Velodrome DeFi platforms' front ends were hacked, a scam-as-a-service wallet drainer shut down, Indexed Finance thwarted hijacking attempts, and more.
The U.S. federal government Wednesday added cryptocurrency mixer Sinbad.io to a growing blacklist of virtual asset platforms under sanctions that prevent Americans from doing business with them. The FBI seized the Sinbad website in an international operation.
Former wunderkinds Sam Bankman-Fried and Changpeng Zhao, torchbearers of a flailing crypto industry and now confirmed felons, may provoke the regulatory retrenchment that saves the industry from itself. But obstacles exist in the blockchain structure of cryptocurrency.
This week's cryptocurrency hack roundup features hackers stealing $87 million from Heco, Kronos reporting $25 million stolen via an API breach, regulators filing charges against Kraken, and feds charging three people with stealing $10 million and seizing $9 million tied to a pig-butchering scam.
This week, Poloniex prepared to resume operations after a $100 million hack, a OneCoin executive pleaded guilty, the SEC reported an "impactful" crypto enforcement year, a bug put $2.1 billion at risk, $27 million was stolen, the Data Act vote happened in Europe, and China released an NFT theft law.
This week, the trial of the alleged Mango Markets hacker was delayed, Bitfinex reported a "minor" cybersecurity incident, the U.S. Securities and Exchange Commission sought summary judgement in the Terraform Labs case and the U.S. Department of Treasury designated a Russian money launderer.
The guilty verdicts returned by a jury against Sam Bankman-Fried confirmed that the one-time cryptocurrency wunderkind now stands as one of America's biggest fraudsters. His sentencing is scheduled for March 28, 2024. The statutory maximum sentences for his crimes total over 100 years in prison.
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, Sam Bankman-Fried testified in his U.S. criminal trial, the United Kingdom issued further crypto regulation, U.S. federal law enforcement arrested SafeMoon executives, and Onyx and Unibot each fell victim to a hack.
This week: Sam Bankman-Fried says he'll testify, FinCEN proposed recording crypto transactions involving mixers, a financial investigation firm used NFTs to track stolen funds, Atomic Wallet froze $2 million of $100 million in hacked funds and advocates challenged the US SEC's Binance lawsuit.
This week, Chainalysis busted crypto terrorist financing myths, the Sam Bankman-Fried trial continued, Stars Arena got back 90% of its stolen funds, an EU authority warned about DeFi risks, the U.S. FDIC said it would focus more on crypto, and California's governor approved crypto regulations.
This week: A crackdown on Hamas' cryptocurrency accounts, more revelations from the trial of Sam Bankman-Fried, Voyager Capital settles with the U.S. Federal Trade Commission - while former CEO Stephen Ehrlich does not - and Elliptic says hackers have cumulatively laundered $7 billion to date.
This week, the FTX hacker moved more than $100 million of funds as the trial of the company's former CEO begins; crypto losses in the third quarter of this year were $685.5 million; and the DOJ said that China uses crypto to hide funds and identities in its illicit drug operations.
This week, Mixin Network investigated a $200 million hack; Web3 lost $889 million to hacks, phishing scams and rug pulls during the third quarter; hackers stole $8 million from HTX; Binance sought to dismiss the SEC wash trading case; and Nansen and OpenSea suffered third-party security incidents.
This week, hackers stole $70 million from CoinEx, FTX resumed online claims, Balancer suffered a breach, Celsius creditors are targets of phishing, nearly $900,000 was stolen from Mark Cuban's hot wallet, Malta prepares for crypto regulation and Hong Kong cracked down on illicit crypto exchanges.
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