Trump to throw spotlight on overseas crypto abuses at White House event
The president is hosting a cybercrime event that will highlight U.S. authorities’ efforts to crack down on crypto scams run by foreign criminal organizations.
Crime
How Brooklyn prosecutors and the FBI took down a massive crypto fraud network targeting Russian speakers
The scheme allegedly stole tens of millions through Russian-language Facebook ads and fake advisers, then went after victims again with fake recovery offers.
Hex founder Richard Heart arrested in Istanbul, Turkish media report
Police reportedly seized $4 million in cash and 64 luxury watches during a raid on the crypto founder’s Istanbul residence.
UK crypto trader says almost $800,000 lost in knife assault as wrench attacks proliferate
A crypto trader in the U.K. claimed masked intruders stole nearly $800,000 in cryptocurrency at knifepoint, furthering concerns of “wrench attacks” spreading in the country.
Brooklyn man sent to prison for 12 years for stealing $16M in a Coinbase phishing scheme
The fraudster managed to scam about 100 people across the United States, convincing them of transferring funds to him, claiming their accounts had been hacked.
Inside the FBI’s little-known annual crypto crime gathering
The Virtual Asset Technical Exchange brings together investigators, law enforcement officials, and crypto-security specialists to exchange intelligence on a wide range of crimes involving digital assets.
White House to speak with law enforcement groups to push Crypto’s Clarity Act
Officials from the White House are said to be sitting down with law enforcement representatives who have objected to illicit-finance portions of the bill.
Microsoft found malware that hijacks crypto wallets and spreads through USB sticks
The software intercepts shortcut files and directs them to install a worm that harvests private keys from the Windows clipboard and inserts its own destination wallet addresses when it detects a transfer.
Americans’ losses to crypto scams rose to over $11 billion last year, FBI reports
Fraud schemes grew more sophisticated and targeted larger sums than in 2024.
Maryland man charged in $50 million Uranium Finance hack after U.S. seized $31 million in crypto
Prosecutors say Jonathan Spalletta exploited smart contract bugs twice in April 2021, laundering funds through Tornado Cash and spending proceeds on rare collectibles.