U.S. federal courts have imposed about 83 years of prison phrases on crypto firm leaders since early 2024. That complete grew yesterday with Terraform Labs co-founder Do Kwon’s 15-year sentence tied to the TerraUSD and Luna collapse. Kwon was sentenced in December 2025 after pleading responsible to 2 fraud prices. According to AP News, the…
Do Kwon faces sentencing in U.S. federal court docket on Dec. 11, 2025. Prosecutors sought a 12-year time period and the protection requested for not more than 5, with Judge Paul A. Engelmayer presiding and South Korea expenses nonetheless pending. The continuing follows a June 2024 remaining judgment within the SEC’s civil case that imposed…
Two Bitcoin wallets linked by analysts to Silk Road–period exercise final moved 3,421 BTC in May this yr. Now, follow-on exercise on Dec. 10 added a contemporary pulse to a yr of dormant-supply awakenings. According to the Digital Watch Observatory, the May spends totaled about 3,421 BTC, roughly $322.5 million at the time. The sequence…
Binance co-CEO Yi He stated her WeChat account was hijacked on Dec. 10 after a cell quantity tied to the profile was reclaimed and couldn’t be recovered at first. The account was later restored after Binance labored with WeChat’s safety workforce, in accordance with a spokesperson cited the identical day. Posts that appeared after the…
In Malaysia’s unlawful Bitcoin (BTC) mining hotspots, the hunt begins in the sky. Drones buzz over rows of outlets and deserted homes, sweeping for pockets of surprising heat, which is the thermal signature of machines that shouldn’t be operating. On the floor, police carry handheld sensors that sniff out irregular energy use. Sometimes the pursuit…
Earlier this yr, one of many largest crypto exchanges in South Korea detected irregular withdrawal exercise from one among its scorching wallets. Around 15 minutes and a whole lot of transactions later, roughly ₩44.5B KRW ($33 – 35 million) had been siphoned off and the platform paused all withdrawals. Assets stolen included main tokens like…
A suspect posing as a delivery employee entered a Mission Dolores home close to 18th and Dolores round 6:45 a.m. on Nov. 22, restrained the resident, and stole a cellphone, laptop computer, and about $11 million in cryptocurrency, based on the San Francisco Chronicle. San Francisco police had not introduced arrests or supplied asset particulars…
The playbook was easy sufficient to work as soon as: gown as supply drivers, knock on the door, drive entry at gunpoint, and extract personal keys below menace. In June 2024, three males executed that script at a residential deal with within the UK and walked away with greater than $4.3 million in cryptocurrency. Five…
TL;DR OFAC, in coordination with the U.Ok. and Australia, designated Russian bulletproof internet hosting supplier Media Land, LLC and its community for enabling cybercriminal actions, together with ransomware assaults. The motion consists of one Bitcoin deal with linked to Aleksandr Volosovik (alias “Yalishanda”), although Chainalysis is monitoring hundreds of addresses and thousands and thousands of…
TL;DR The U.S. Department of Justice, along with main federal legislation enforcement and interagency companions, announced the creation of the primary Scam Center Strike Force to safe America in opposition to Southeast Asian cryptocurrency-related fraud and scams. OFAC additionally designated the Democratic Karen Benevolent Army (DKBA) and related entities for working cyber rip-off facilities concentrating…