The three allegedly recruited Taiwanese and Chinese nationals in the United States to defraud several banks through double credit scams and laundered the funds through ‘crypto.’
Lazarus Group, linked to a $55 million CoinEx hack, exposed its trail, with experts tracking their cybercrime spree, now exceeding $1 billion.
FBI agents interviewed Cameron Winklevoss regarding allegations that Digital Currency Group boss Barry Silbert misrepresented the financial health of DCG’s now-bankrupt lending arm Genesis Global Capital.
The FBI seized close to $400,000 in BTC and USDT from Binance accounts in May alone as it steps up its digital asset seizures, a new public note shows.
The FBI warned that the scammers target industry leaders’ social media accounts and create a false sense of urgency to promote the NFTs before scamming victims.
The FBI searched the home of Kraken co-founder Jesse Powell in March over claims of hacking and cyberstalking, the New York Times has reported.
A May 22 warning from the FBI stated that U.S. citizens risk falling victim to job scams advertised for their competitive salaries and lucrative benefits.
The exchanges mentioned in the bust include 24xbtc.com, 100btc.pro, pridechange.com, 101crypta.com, uxbtc.com, trust-exchange.org, bitcoin24.exchange, paybtc.pro, and owl.gold.
Ben Armstrong's absence in court to face harassment charges has irked Florida Judge Damian, threatening the FTX influencer with an arrest warrant if this reoccurs in the next hearing.
A big chunk of crypto-focused financial losses in Q1 are a result of hacking activities, while rug pulls only make up a mere 4.3% of the criminal pie.
The FBI stated that the bad actors rope in victims with the promise of impressive earnings on gaming platforms; approaching them over the internet by faking a relationship to earn their trust.
Building on the SEC's earlier announcement, the U.S. DOJ and FBI are reportedly pursuing fraud charges against Terraform Labs CEO Do Kwon in relation to the collapse of TerraUSD stablecoin in May.
