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Scammers Stole USD 7.7B in Crypto in 2021 Amid Rug Pull Surge - Chainalysis


  Scams continue to generate the largest stream of cryptocurrency-based crime by transaction volume, with more than USD 7.7bn worth of crypto stolen from victims across the world so far this year, according to a recent report by blockchain analysis company Chainalysis.... Read More: Scammers Stole...

CD Projekt Settles Cyberpunk 2077 Lawsuit, Will Pay $1.85 Million


This time last year a group of investors filed a class-action lawsuit against CD Projekt Red over Cyberpunk 2077's disastrous launch, saying the game was “virtually unplayable on the current-generation Xbox or Playstation systems due to an enormous number of bugs”.Read more

This Is How Fake Bitbuy Crypto Exchange Scammed Investors


South Korean police have swooped on the operators of what they say was a scam crypto exchange that sucked in 12,000 victims – after claiming investors could use it to make compound interest gains of a whopping 0.5% every eight hours. Per Herald Kyungjae, the firm posed as a South Korean affiliate...

Riot Games Sues Scammers Offering Folks Fake Jobs At The Studio


A nasty scam has become more popular over the last few months. People desperate for work at popular game studios like Riot and Rockstar Games get an email from a recruiter asking them to apply. They do and eventually get the job only to realize it’s all fake, usually after losing money to...

Bowser Agrees To Pay Nintendo $10 Million In Hacking Lawsuit


Gary “GaryOPA” Bowser pleaded guilty to federal piracy charges in October. Now he’s agreed to pay Nintendo a massive $10 million settlement for his reported role in designing and selling devices to circumvent Switch security measures as part of Team Xecuter.Read more

Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities


Reports from Chinese provincial law enforcement agencies appear to show that crypto crime is still on the up – despite a nationwide crackdown on crypto and mining exacted in September this year.... Read More: Crypto Crime Still Rising in China Despite Crackdown, Warn Authorities

IRS Warning: The Taxman Cometh – For 'Billions of Dollars' Worth of Crypto


America’s central tax body, the Internal Revenue Service (IRS) has stated that it expects crypto worth billions of dollars could be seized again next year. Bloomberg quoted the IRS Criminal Investigation Chief Jim Lee as stating:  “I expect a trend of crypto seizures to continue as we move...

Canadian Youth Arrested Over USD 36.4M Crypto Theft


A Hamilton youngster has been arrested for alleged involvement in the theft of over USD 36.5m worth of digital assets - the biggest theft reported by one person. Hamilton is a port city in the Canadian province of Ontario. The arrest came as a result of a joint investigation between Hamilton...

Japan's Manga Piracy Crackdown Continues


In 2019, there was a global manhunt for the manager of manga piracy site Manga-Mura. The manager, a Japanese citizen named Romi Hoshino, was arrested in Manila on copyright violation charges. In June 2021, he was found guilty, sentenced, and fined. If you thought that was the end of Japan’s piracy...

Woman Allegedly Made $57,000 By Selling Unofficial Demon Slayer...Cakes


A 34-year-old resident of Tokyo’s Shibuya has been arrested on suspicion of violating Japanese copyright law after selling unlicensed Demon Slayer cakes. According to Kyodo News, the women sold the cakes through Instagram, with customers submitting their desired images to be turned into frosting...

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