The former CEO of Celsius Network, Alex Mashinsky, has been sentenced to 12 years in prison for his involvement in a multi-billion-dollar crypto. He also admitted to two fraud charges. This conviction follows a lengthy investigation done into the operations of Celsius Network, a once-prominent cryptocurrency lending platform. Prior to the platform shutting down, Alex […]
Crypto Scam
Crypto Laundering and Fraud: US Treasury Targets KNA and Huione Group, Report
The U.S. Treasury Department has put the Karen National Army, a Burma Militia group, on its list of the sanctioned entities due to alleged involvement in large-scale crypto fraud. The announcement made on May 5 by Treasury’s Office of Foreign Assets Control also outlined that KNA was playing a crucial role in a large group […]
Nomad Hack Suspect Extradited to U.S. Due to $190 Million Theft
key suspect in the notorious $190 million Nomad hack has been extradited to the United States by the Israeli authorities to face charges related to one of the largest crypto thefts in recent crypto history. Alexander Gurevich, a dual citizen of Russia and Israel from Bat-Yam, is wanted in the United States for his ‘alleged’ […]
From Bitcoin Scam to Real-World Kidnapping: The $243M Crypto Heist and Its Deadly Aftermath
The Bitcoin scam that started as an online theft, with a group of teenage hackers stealing $243 million worth of Bitcoin, has turned into something much more serious, like a real-life kidnapping in Connecticut. The theft started on August 19, 2024, and was executed by three individuals: Greavys (Malone Iam), Wiz (Veer Chetal), and Box […]
ZachXBT Confirms That The $330 Million Bitcoin Hack Targeted An Elderly Individual in the US.
ZachXBT has revealed that an elderly person in the United States is the victim of a $330 million Bitcoin scam carried out through social engineering. This massive theft, reported on Sunday, is now ranked as the fifth-largest crypto hack in crypto history. There’s been a lot of shock amongst members of the crypto community, and […]
Ledger Warns Users of Scam Letters Demanding Seed Phrases
Ledger warns users about a new scam involving fake physical letters requesting seed phrases.
DOJ Seeks 20-Year Sentence for Celsius Founder Alex Mashinsky
The U.S Department of Justice (DOJ) demands a 20-year prison sentence for former CEO of Celsius Network Alex Mashinsky. The DOJ accuses Mashinsky of creating a multibillion-dollar fraud which resulted in major financial losses for thousands of customers. The sentencing will take place on May 8 as prosecutors stress on the need for strict punishment […]
Alex Mashinsky on the Verge of 20-Year Sentence as DOJ Slams Crypto Fraud Mastermind
The Department of Justice (DOJ) has requested that the founder of Celsius, Alex Mashinsky, serve a 20-year prison sentence because they believe that his actions didn’t come as a result of negligence or market misfortune but rather a series of calculated and deliberate decisions to lie. Their decision underscored the gravity of his offenses and […]
Monero (XMR) Price Soars as $330M Bitcoin Theft Sparks Launders Across Six Exchanges
Monero saw a major surge in its price after Bitcoin worth approximately $330.7 million, (3,520 BTC), was suspiciously transferred from a suspected victim’s wallet to an unknown address. On-chain investigator ZachXBT reported that the event, which happened on Sunday, appears to be a theft. The details of the theft were covered by on-chain investigator ZachXBT. […]
Solana’s Loopscale Suffers Setback After $5.8 Million Exploit Weeks After Launch
Solana’s DeFi project, Loopscale, has been hacked and is now one of the top 2025 hacks that caused victims to lose over $5.8 million, which amounts to about 12% of its total value locked. Following the incident, the platform decided to pause its lending services so as to prevent any further damage. The exploit happened […]