South Korea’s Seoul Southern District Court has sentenced Delio CEO Jeong Sang-ho to 15 years in prison after finding him guilty of fraud involving nearly 70 billion Korean won ($49.2 million) in customer crypto assets. The 11th Criminal Division, presided over by Judge Jang Chan, handed down the sentence on August 13. The court also […]
Goliath Ventures and its CEO, Christopher Alexander Delgado, are facing action from two US financial regulators over the same alleged crypto Ponzi scheme. The actions came two months after Delgado pleaded guilty to charges in the case. Regulators Target Goliath The Commodity Futures Trading Commission filed a complaint against the company and Delgado in the […]
A hacker made off with over $135,000 after hijacking the X accounts of SpaceX and Starlink to promote a meme coin. The profiles were used to shill a Robinhood-based token that briefly hit a $2 million market cap before crashing to almost zero. SpaceX and Starlink Fall Victim to Compromise Screenshots circulating on social media […]
Rug pulls made up over 54% of all newly detected crypto scams, according to the latest data from the on-chain security analysis platform Web3 Antivirus. The findings suggest that while scam tactics are still evolving, many attackers continue to rely on token projects that appear legitimate at first before contract controls are used to trap […]
Blockchain investigator ZachXBT has linked US-based alleged threat actor Dritan Kapllani Jr. to more than $19 million in crypto thefts carried out through social engineering attacks targeting cryptocurrency holders. In a series of posts on X, ZachXBT alleged that Dritan frequently showcased luxury cars, designer watches, private jets, and nightlife activities across social media while […]
Blockchain investigator ZachXBT has built a reputation for repeatedly calling out crypto platforms and entities he believes are involved in suspicious or illegal activity. In his latest allegation, he has turned attention to Tokenlon, a relatively lesser-known decentralized exchange with around 17,000 followers on X. Tokenlon Draws Scrutiny ZachXBT has alleged that a large share […]
World Liberty Financial (WLFI), the crypto company co-owned by the Trump family, announced a partnership with a blockchain network called AB, less than a month after the US government sanctioned more than 140 people and entities tied to what it described as one of Asia’s largest criminal organizations. But according to the Wall Street Journal […]
Cybersecurity firm Kaspersky has identified 26 fraudulent cryptocurrency wallet applications on Apple’s App Store that are designed to steal users’ digital assets. The company’s Threat Research team found that the apps imitate popular crypto wallets, such as MetaMask, Ledger, Trust Wallet, Coinbase, TokenPocket, imToken, and Bitpie, by copying their names and visual branding to appear […]
Crypto commentator Scott Melker has said that a friend of his lost nearly $450,000 worth of Bitcoin after using a fake Ledger app from the Apple App Store. According to him, musician Garrett Dutton, also known as G. Love, lost 5.92 BTC that he had been acquiring since 2017 as part of a long-term safety […]
Blockchain investigator ZachXBT has publicly called out BlockDAG Network (BDAG) for allegedly stealing more than $300 million from unsuspecting retail investors through scams that promise them unrealistic high gains. The warning was issued in response to a post by YouTube investigator Coffeezilla, who alerted his followers about a promoter that was running a similar scheme. […]