September has been a disastrous month for crypto-related exploits, with a total of $329.8 million stolen. The most significant contributor to this figure was the Mixin Network attack, which resulted in a loss of $200 million. Other major incidents included the CoinEx and Stake.com attacks, resulting in losses of $53 million and $41 million respectively. […]
The North Korean hacking collective Lazarus Group has been using a new type of “sophisticated” malware, LightlessCan, as part of its fake employment scams. According to ESET’s senior malware researcher Peter Kálnai, LightlessCan is a “significant advancement” compared to its predecessor BlindingCan, as it mimics the functionalities of a wide range of native Windows commands, […]
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Pennsylvania-based Mosaic Exchange Limited and its owner and Chief Executive Officer Sean Michael for allegedly running a fraudulent digital asset commodity scheme. The CFTC alleges that Mosaic and its operators fraudulently solicited and induced at least 17 people in the US […]
The United States Securities and Exchange Commission (SEC) is facing allegations of conflicts of interest in its ongoing lawsuit with Ripple Labs. Two senior SEC officials who were part of the XRP lawsuit left the commission shortly after the regulator filed the suit against Ripple. Marc Berger, the former Acting Enforcement Director of the SEC, […]
The JPEX saga continues with the latest development of 18 suspects being arrested in Hong Kong and Macau in connection with the crypto exchange case. A total of $2.8 million has been seized in both cash and gold.Charges have been filed against two individuals in Hong Kong for allegedly using Macau casinos to launder illicit […]
An address linked to the FTX exploit, identified as 0x3e9, has recently conducted transfers exceeding 10,000 ETH, valued at more than $17.1 million, across five different addresses. A significant portion of 7,749 ETH, equivalent to $13 million, was directed toward the Thorchain router and Railgun contract. Additionally, the exploiter engaged in a swap involving 2,500 […]
An unknown hacker managed to steal more than $600 million worth of Ether from FTX shortly after the company filed for bankruptcy and its founder stepped down from his position. The hacker initially deposited the stolen funds to CoinMixer, an anonymous Bitcoin mixing service, in order to obscure the trail of funds. After withdrawing from […]
The SEC has charged Anthony Viggiano with insider trading ahead of numerous merger-and-acquisition deals. Viggiano allegedly tipped two friends on upcoming M&A deals and strategic partnerships, resulting in more than $580,000 of illegal profit. The SEC also charged the recipients of the trading tips, Christopher Salamone, Stephen Forlano, and Nathan Bleckley. Viggiano faces nine securities […]
The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Prager Metis, an accounting firm that had previously provided services to the now-defunct cryptocurrency exchange FTX. According to the SEC, Prager Metis had violated the industry’s independence standards by continuing to offer accounting services over a period of nearly three years. The […]
This week saw a number of developments in the cryptocurrency space. Valkyrie Investment Group announced that it will start offering exposure to Ether futures in the coming days, allowing investors access to Ether and Bitcoin futures “under one wrapper”. Asset manager VanEck also disclosed its upcoming Ethereum Strategy ETF, which will be listed on the […]
