Pike Finance, a cross-chain lending protocol, was exploited twice in four days as attackers discovered vulnerabilities in the project's smart contracts.The first attack, on April 26, was enabled by a flaw in the security measures related to transfers of the USDC stablecoin. An attacker was able to change the recipient address and...

Roger Ver, an early bitcoin investor who later became an outspoken evangelist for the fork Bitcoin Cash, has been arrested on tax fraud charges. According to the Department of Justice, Ver evaded almost $50 million in owed taxes by concealing income and lying to tax preparers about his bitcoin assets as he attempted to renounce his...

Former Binance CEO Changpeng "CZ" Zhao has been sentenced to four months in prison after pleading guilty to money laundering-related charges. The charges were filed in November, and Zhao entered a guilty plea, resigned from the company, and agreed to pay a $50 million fine.Prosecutors sought a three year sentence for Zhao, while...

A person or group have raised funds for various crypto projects only to abandon them, empty the project wallets, and launder the funds through Tornado Cash. The largest of the projects was called "MuskSwap", which proclaimed: "$MUSK & MuskSwap was born to show admiration to elon musk's super projects like solarcity, tesla, space...

Jay Mazini, an influencer who often boasted of his wealth on Instagram by doing cash giveaways to random strangers, has been sentenced to seven years in prison after running "overlapping fraud schemes" that scammed victims out of at least $8 million. One of them involved a multi-million dollar cryptocurrency scam in which he would...

Keonne Rodriguez and William Lonergan Hill, founders of the Samourai Wallet, were arrested and charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. The charges relate to their operation of a cryptocurrency mixer that the DOJ says helped to launder over $2 billion...