Terraform Labs co-founder Do Kwon will plead guilty on Aug. 12 at 10:30 am ET in federal court. As Inner City Press reported, Judge Paul Engelmayer filed a docket order on August 11. The guilty plea represents a shift from Kwon’s previous trial defense strategy in the high-profile crypto fraud case. The change comes months…
The Bitcoin art world has suffered a blow as the enigmatic statue of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has vanished from its current home in Lugano, Switzerland. The Satoshigallery, which curated and displayed the piece, has announced a reward of 0.1 BTC to anyone who can help recover the stolen statue, further deepening the mystery…
The developers behind Samourai Wallet pleaded guilty to a single count of conspiracy to operate an unlicensed money‑transmitting business. The plea deal secures dismissal of the parallel money laundering conspiracy charge and caps potential prison time at five years. It also includes $237 million in forfeiture and a $400,000 fine. As journalist Matthew Russell Lee…
Authorities in Beijing’s Haidian District have reportedly uncovered a Bitcoin laundering operation involving approximately 140 million yuan (around $20 million) allegedly stolen by employees of Kuaishou, a leading Chinese short-form video platform. The investigation revealed that several Kuaishou employees conspired with external parties to embezzle company funds for business development incentives. Under the platform’s subsidy…
A Denver-based online pastor and his wife have been indicted on 40 criminal counts tied to a cryptocurrency fraud scheme that defrauded hundreds of faith-driven investors out of more than $3 million. Key Takeaways: A Denver pastor and his wife were indicted for defrauding over 300 investors through INDXcoin. Authorities say the couple spent $1.3…
TL;DR International law enforcement coordinated to take down BreachForum, arresting five administrators including IntelBroker (Kai West). Breakthrough came when IntelBroker accepted Bitcoin instead of Monero for a controlled purchase, enabling blockchain analysis. Chainalysis Reactor helped trace cryptocurrency flows through multiple exchanges, connecting IntelBroker’s digital persona to his real identity. The case demonstrates how blockchain analytics,…
Key findings Stolen funds With over $2.17 billion stolen from cryptocurrency services so far in 2025, this year is more devastating than the entirety of 2024. The DPRK’s $1.5 billion hack of ByBit, the largest single hack in crypto history, accounts for the majority of service losses. By the end of June 2025, 17% more…
TL;DR A UK law enforcement officer stole approximately 50 BTC from assets seized in the Silk Road 2.0 investigation. Despite using the Bitcoin Fog mixing service, the suspect’s transaction trail was traced using Chainalysis’ industry-leading data and expert investigation services. After a five-year dormancy period, authorities recovered $1.3 million worth of the stolen bitcoin. This…