Scams Schemes and Hacks

Ukraine Cancels Airdrop for Crypto Donors, Announces NFTs To Support Ukrainian Armed Forces

Ukraine is announcing the sale of non-fungible tokens (NFTs) to support the Ukrainian Armed Forces after canceling plans for a crypto airdrop. Yesterday, Ukraine said they were preparing to airdrop a new coin for crypto donors who gave to the Ukrainian war efforts against Russia. “Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6 pm Kyiv […] The post Ukraine Cancels Airdrop for Crypto Donors, Announces NFTs To Support Ukrainian Armed Forces appeared first on The Daily Hodl.

U.S. Department of Justice Indicts BitConnect Founder in $2,400,000,000 Crypto Scheme

A federal grand jury in San Diego just indicted the founder of the BitConnect crypto scheme that allegedly defrauded thousands of investors in the US and abroad.  In a statement published on Friday, the U.S. Department of Justice says that Indian national Satish Kumbhani faces up to 70 years in prison if found guilty of […] The post U.S. Department of Justice Indicts BitConnect Founder in $2,400,000,000 Crypto Scheme appeared first on The Daily Hodl.

Biden Administration Reveals Push To Expand Crypto Tracking and Analysis, Combat Ransomware

The US government is beefing up its crypto tracking and analysis capabilities to fight ransomware attacks that utilize digital assets to extort victims. In a new press briefing, Deputy Press Secretary Karine Jean-Pierre says the Biden administration is aware of a ransomware attack that targeted JBS, the world’s largest meat producer, which has plants in […] The post Biden Administration Reveals Push To Expand Crypto Tracking and Analysis, Combat Ransomware appeared first on The Daily Hodl.

Millions Laundered Through Crypto Money Services Operation Triggers Prison Sentence

A California man will spend time behind bars for a Bitcoin money-laundering operation, after being nabbed by undercover agents. Kais Mohammad, 37 years old, used the handle “Superman29″ to advertise a Bitcoin-cash exchange service dubbed Herocoin, charging commissions of up to 25%. Mohammad’s illegal business exchanged up to $25 million through in-person transactions and ATM-type […] The post Millions Laundered Through Crypto Money Services Operation Triggers Prison Sentence appeared first on Th

SEC Charges Five People Linked to 2017 BitConnect Lending Program

The U.S. Security Exchange Commission (SEC) is filing charges against five individuals linked to the BitConnect high-yield investment program. According to a new press release, the SEC says that it filed complaints against Trevon James, Craig Grant, Ryan Maasen and Michael Noble, who served as promoters of the BitConnect lending program, and Joshua Jeppesen, who […] The post SEC Charges Five People Linked to 2017 BitConnect Lending Program appeared first on The Daily Hodl.

Swindlers Pretending To Be Federal Officials Soliciting Americans’ Bitcoin Wallets

The U.S. Office of the Comptroller of the Currency (OCC) is warning consumers that internet scammers have taken up the agency’s name to send out fraudulent emails requesting Bitcoin wallet keys from various individuals. According to the agency, the fictitious email states that a Bitcoin wallet address is required to allow for a purported transfer […] The post Swindlers Pretending To Be Federal Officials Soliciting Americans’ Bitcoin Wallets appeared first on The Daily Hodl.

Ransomware Attackers Have Already Siphoned $81,000,000 in Crypto This Year: Chainalysis

Ransomware attackers have already siphoned tens of millions of dollars in crypto this year, according to the blockchain analytics firm Chainalysis. In a new mid-year ransomware update, Chainalysis notes that the stolen amount of $81 million is likely to grow, even when only looking at the first five months of 2021. “$81 million must be […] The post Ransomware Attackers Have Already Siphoned $81,000,000 in Crypto This Year: Chainalysis appeared first on The Daily Hodl.

DeFi Startup Votes To Fully Reimburse Hack Victims With $26,000,000 Allocation

Decentralized finance (DeFi) startup Rari Capital has voted to allocate roughly $26 million in reimbursements following a hack that cost them 2,600 ETH, or about $10 million. Rari Capital, which offers a suite of products offering optimized yield vaults and lending pools, was the victim of a hack over the weekend. The attackers took advantage […] The post DeFi Startup Votes To Fully Reimburse Hack Victims With $26,000,000 Allocation appeared first on The Daily Hodl.

DeFi Startup Rari Capital Reveals Details Behind Hack That Cost $10 Million in Losses

Decentralized finance (DeFi) startup Rari Capital is revealing the details behind the attack that cost 2,600 ETH, or roughly $10 million in losses. Rari Capital, which owns a suite of products offering optimized yield vaults and lending pools, was the victim of a hack early this Saturday. The targeted product was the team’s Ethereum mining […] The post DeFi Startup Rari Capital Reveals Details Behind Hack That Cost $10 Million in Losses appeared first on The Daily Hodl.

Chinese Crypto Exchange Paralyzed After Suffering Serious Cyber Attack

Hotbit is temporarily shutting down following a cyber attack that paralyzed a number of its central services.  In a statement, the Chinese crypto exchange reveals that it suffered a security breach at about 8 PM UTC (1 PM PST) on Friday. The hackers also attempted to hack into Hotbit’s wallets, but the attack was identified […] The post Chinese Crypto Exchange Paralyzed After Suffering Serious Cyber Attack appeared first on The Daily Hodl.

FBI Arrests Man Accused of Running $335,000,000 Bitcoin Money Laundering Service

FBI agents have arrested Roman Sterlingov, the alleged principal operator of Bitcoin Fog, a website that offers Bitcoin (BTC) “tumbler” or “mixer” services designed to anonymize crypto transactions. Sterlingov is now detained in Los Angeles on three charges – laundering of monetary instruments, operating an unlicensed money transmitting business, and money transmission without a license. […] The post FBI Arrests Man Accused of Running $335,000,000 Bitcoin Money Laundering Service appeared first

Crypto Scam, Frozen Assets and Missing CEO Lead to Raids in Turkey

Reports indicate that a Turkish crypto exchange used the popular cryptocurrency Dogecoin as bait to lure investors into a fraudulent scheme. The Agence-France Presse (AFP) reports that the Istanbul-based cryptocurrency exchange Thodex ran a Dogecoin promotional campaign where it sold the meme cryptocurrency at a quarter of its market price. However, investors and traders were subsequently […] The post Crypto Scam, Frozen Assets and Missing CEO Lead to Raids in Turkey appeared first on The Daily

DeFi Platforms PancakeSwap and Cream Finance Hit With Simultaneous Domain Attacks

Hackers have hit decentralized finance (DeFi) platforms PancakeSwap (CAKE) and Cream Finance (CREAM) in simultaneous attacks that sought to compromise users’ private keys. In a tweet posted Monday morning, Cream Finance revealed that their website had suffered a domain name system (DNS) spoofing attack which tried to trick their users into typing their private seed […] The post DeFi Platforms PancakeSwap and Cream Finance Hit With Simultaneous Domain Attacks appeared first on The Daily Hodl.

PAID Network Protocol Exploited, Attacker Grabs $3,000,000 in Ethereum

Decentralized finance (DeFi) platform PAID Network Protocol is dealing with the aftermath of an exploit in which the attacker got away with millions of dollars worth of Ethereum (ETH). Late Friday morning, a hacker successfully minted nearly 60 million PAID tokens, in an exploit similar to that which COVER suffered back in December of 2020. […] The post PAID Network Protocol Exploited, Attacker Grabs $3,000,000 in Ethereum appeared first on The Daily Hodl.

Google Teams With D-Wave in Massive Quantum Computing Leap, Cracking Simulation Problem

Google and D-Wave Systems say they’ve achieved a new milestone in the world of quantum computing. In a press release, D-Wave says its quantum device has far outpaced a classical computer in a direct competition to complete a difficult computational problem. The device successfully modeled the behavior of a spinning two-dimensional “quantum magnet,” and was […] The post Google Teams With D-Wave in Massive Quantum Computing Leap, Cracking Simulation Problem appeared first on The Daily Hodl.

Privacy-Centric Coin Verge Suffers Massive Reorganization Attack, Developers Say Funds Are Safe

Pornhub payment option Verge (XVG) is suffering from a brutal attack that allowed malicious actors to orchestrate what appears to be one of the deepest block reorganizations in blockchain history. Coin Metrics data engineer Antoine Le Calvez was one of the first to report the incident, highlighting that the attack involved more than 560,000 blocks. […] The post Privacy-Centric Coin Verge Suffers Massive Reorganization Attack, Developers Say Funds Are Safe appeared first on The Daily Hodl.

yearn.finance Reveals Details on Hack That Triggered $11 Million Loss

Decentralized finance (DeFi) yield aggregator yearn.finance (YFI) reveals the details of a hacking incident that caused a total loss of $11 million to the network. According to Yearn’s vulnerability disclosure posted on GitHub Thursday, yearn.finance creator Andre Cronje noticed odd patterns in a contract interacting with the platform’s vaults at 21:45 UTC on February 4th. […] The post yearn.finance Reveals Details on Hack That Triggered $11 Million Loss appeared first on The Daily Hodl.

Banks (Not Bitcoin) in Australia Laundered $387,000,000 for Latin American Drug Cartels: Report

Australian financial institutions laundered $387 million for Latin American cocaine cartels, according to a new report. The Australian Financial Review says that the money-laundering web spanned several continents including South America where the hard drugs were obtained, North America where the drugs were sold, and south-east Asia where the proceeds from drug sales were received […] The post Banks (Not Bitcoin) in Australia Laundered $387,000,000 for Latin American Drug Cartels: Report appeare