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You Searched For "rising hacks and frauds in crypto" and got 19 results


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US sting operation catches crypto firms 'wash trading' to boost token values

Federal prosecutors set up a fake company to bust four crypto market makers, who they say artificia…

Kelly Cloonan   


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Americans are losing more money to crypto scams than ever

Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase, the FBI said.

Kenneth Niemeyer   


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WazirX announced reward of $23 million to recover stolen funds

​The offer was open for the hacker who had taken control 0f funds in the first place, provided they…

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3 mins read

Online financial crimes on the rise – How to secure your digital world

Online monetary transactions are on the rise every year and as we spend more and more time in the v…

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1 min read

North Korean hackers are getting away with a lot less crypto even as theft attempts rise

Among the 20 hacks by North Korean-affiliated cybercriminals last year, the total amount of crypto …

Yuheng Zhan   


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10 mins read

A crypto data leak led the FBI to America's most wanted sex trafficking fugitive. Now, the victims want his bitcoins.

Michael Pratt was on the run for three years until a data leak involving crypto wallets he'd bought…

Laura Italiano   


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Former Amazon engineer pleads guilty to stealing $12.3 million of crypto in first ever hacking case involving smart contracts

A former Amazon engineer pleaded guilty to hacking two crypto exchanges and stealing $12.3 million …

Katherine Tangalakis-Lippert,…   


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Bitcoin trader loses almost $70 million after sending crypto to wrong online account address

A bitcoin trader lost nearly $70 million after criminals tricked them into sending crypto to a fake…

Kenneth Niemeyer   


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3 mins read

Crypto DeFi protocols lost $1.4 billion this year but recovered over half of it

Decentralised finance (DeFi) applications have been growing multi-fold this year, and so have the e…

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4 mins read

Rise of dark AI: Malicious LLMs like FraudGPT, WormGPT the new frontier of online threats! How can we stay safe?

These uncensored versions of everyday AI systems like ChatGPT are re-engineered for criminal activi…

PTI   


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Sam Bankman-Fried is dispensing crypto investment tips to Brooklyn prison guards: NYT

Sam Bankman-Fried was touting investments in the cryptocurrency Solana to prison guards, per The Ne…

Kwan Wei Kevin Tan   


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Cryptocurrency hacks and fraud are on track for a record number of incidents in 2021, data shows

$19.2 billion has been stolen through breaches and fraud in the last 10 years, said Crypto Head in …

Carla Mozée   


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3 mins read

Meet Paxos, the startup behind some of Wall Street's biggest crypto offerings from Bank of America, Mastercard, and PayPal

Paxos works with financial giants like Bank of America, Mastercard, and PayPal to provide the back-…

Bianca Chan,Carter Johnson   


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Crypto scammers have reportedly stolen ₹1000 crore off Indian users by posing as fake exchanges

The CoinEgg scam uses fake domains and social media accounts to coax users into investing in fake e…

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Crypto compliance provider TRM Labs is helping top Wall Street firms like JPMorgan wade into digital assets

TRM Labs is seeing increased interest in crypto compliance, fraud detection, and risk-management to…

Carter Johnson,Bianca Chan   


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Crypto stocks have notched blistering triple-digit rallies this year

Some crypto-linked names have gained over 250% this year, and bitcoin itself has climbed more than …

Phil Rosen   


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3 mins read

How the chief of staff of a $5 billion hedge fund focused on crypto and blockchain is influencing policy and legislation on digital assets

One of Emma Rose Bienvenu's favorite parts of her current role is to help regulators and politician…

Alyson Velati   


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1 min read

Cyber gangs got away with a record $1.1 billion in crypto ransom payments in 2023

The rise of "ransomware as a service" means less tech skill is required to carry out an attack, Cha…

Yuheng Zhan   


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Bitso's $2 billion rise shows the power of crypto innovation in Latin America

Bitso "paved the way for much of the crypto ecosystem in Latin America," one expert said, and helpe…

Katie Canales