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Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison
14.4.2023
James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the "unlawfully obtained" Bitcoin scheme
RPG Pulled From Steam Over Theft Allegations Asks Fans To Torrent It Instead
14.4.2023
The ongoing saga surrounding the upcoming RPG Dark and Darker continues, as developer Ironmace has turned to torrents for playtesting after being delisted from Steam.Read more
Crypto Exchange Bitrue Suffers $23 Million Hack
14.4.2023
Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses...
Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet
13.4.2023
Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO...
MMO Players Take Over Company, Steal $20,000 Worth Of Stuff
13.4.2023
EVE Online is, for some, a video game they play. For the rest of us it’s a crime beat, an MMO we only ever read about when someone does something nefarious, and today’s coverage of the game is another shining example in the genre.Read more
Euler Finance Lets Users Redeem Recovered Funds Following $200M Theft
12.4.2023
Less than a month later after the decentralized crypto lending platform was exploited for roughly $200 million, Euler Finance has for the first time since the exploit allowed users to claim their capital
Eleos Labs adds FailSafe anti-theft & fraud detection to Polygon
7.4.2023
Eleos Labs recently announced the addition of the FailSafe suite of fraud detection and anti-theft detection systems to Polygon. Polygon released an official string of tweets and a post to inform users about the development. According to the tweets, the latest pilot program is in collaboration with...
Names of non-US FTX users demanded by mainstream media outlets
6.4.2023
A number of mainstream media outlets are pushing to publicize the personal details of FTX’s non-U.S. customers, similar to what happened with Celsius
PC Game Pulled From Steam For Apparent Theft Gets Even Messier
5.4.2023
Following a police raid of its offices and a delisting from Steam, Ironmace, developer of the upcoming MMO Dark and Darker, is once again at the center of confusion and chaos. This time, miscommunication and a false launch of a now-pulled GoFundMe campaign continue to make the whole ordeal a...
Net losses from crypto theft down sharply in Q1 2023 at $322M: Report
31.3.2023
A report from app provider De.Fi showed losses from theft down in Q1 2023 compared to last year, along with recovery of funds; Euler accounted for a huge share of both
PC Game Accused Of 'Asset Theft' Removed From Steam
27.3.2023
The controversy surrounding Dark and Darker, an MMO that stands accused of stealing not just assets but also staff from Korean publishers Nexon, escalated over the weekend when the game was delisted from Steam.Read more
Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro
26.3.2023
According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being caught at Podgorica Airport in Montenegro while...
A third of US crypto holders have experienced theft: Report
22.3.2023
Ten percent of crypto holders surveyed made no attempt at protecting their assets; victimization varied strongly by age
Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
21.3.2023
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011....
Crypto.com customer accused of $10M spending spree granted bail
21.3.2023
The Judge explained that prison time wasn’t necessary because Singh couldn’t flee without his Indian passport or being able to apply for a new one
Artists Finally Have A Tool To Help Fight Back Against 'AI' Platforms
17.3.2023
It’s been almost a year since the emergence of “AI art” platforms (it’s neither truly “AI” or art), and in that time artists have had to sit back and watch helplessly as their creative works have been sucked up by machine learning and used to create new images without either credit...
FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games
13.3.2023
The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part of a scheme to defraud users of funds stored in the form of cryptocurrency. Criminals are introducing victims to this kind of game and then use malware to extract the funds from...
Hedera confirms exploit on mainnet led to theft of service tokens
10.3.2023
Hedera said the smart contract exploit on Mar. 9 has not impacted the network or its consensus layer
Debate over 2FA using SMS after sim-swapping victim sues Coinbase
8.3.2023
While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
7.3.2023
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence...