Tag Archives: Crypto Theft

A $9 million crypto case has been thrown out of court. Mark Shin was recently charged with theft, cybercrime theft, and money laundering after prosecutors accused him of using a software update to his advantage and to create his own digital currency. Mark Shin is Breathing a Sigh of Relief While the evidence appeared damning at the time, the judge overseeing the case had decided there isn’t much there. John Kellner – the 18th Judicial District attorney – explained...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A man in Aurora, Colorado has been accused of stealing roughly $9 million in crypto funds. 31-year-old Mark Shin has been charged with theft, cybercrime, and money laundering at the time of writing for allegedly taking part in a scheme back in April of 2020 through his home computer. Mark Shin: Stealer or...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Chiron Investigations is earning a reputation as the go-to platform for those who have lost crypto either due to theft or because they’ve misplaced their private keys. Chiron Investigations Seeks to Aid Victims of Crypto Loss The crypto space has grown like crazy over the past several years. Many people have a...

A new report unveiled by the United Nations in early February shows that North Korea stole more crypto in 2022 than it has in any other year. North Korea Has Stolen a Lotta Crypto North Korea has long sought to get its hands on illicit crypto and launder it so it can be used to fund its ever-growing nuclear program. The nation houses several hacking organizations such as Lazarus and has initiated attacks against regions in Asia, Europe, and even North America. The report...

Two 20-year-olds – Eric Meiggs of Brockton and Declan Harrington of Rockport – have pleaded guilty to engaging in a scheme that stole at least $500,000 in crypto funds from as many as ten different people. They are now set to be sentenced in a Boston federal court. Eric Meiggs and Declan Harrington Plead Guilty Both Meiggs and Harrington were charged in the year 2019 for running a scheme throughout the United States designed to pluck crypto assets from online accounts...

More than $3 billion in crypto funds have been stolen this year according to a new report issued by blockchain analysis firm Chainalysis. Chainalysis: Crypto Theft Has Reached a New High The crypto space is constantly in a rough spot. There are many people out there that are completely against any sort of regulation, as the crypto space was initially established to give traders and users complete financial independence. No prying eyes, no third parties, just people and...

A woman in New Hampshire has become the latest victim of crypto theft. The lady – who is only going by her first name Michelle – says that she has four crypto accounts, one of which was hacked using her Samsung phone. She has since lost thousands in digital funds. Michelle Has Lost Thousands Things took an ugly turn when her phone notified her that an update was available. She clicked on it, and it wasn’t long before the phone stopped working altogether. She explained in...

A new report from blockchain analysis firm Chainalysis suggests that in the year 2021, North Korea stole as much as $400 million worth of cryptocurrency. As many as seven separate attacks were launched as a means of gaining access to the money. North Korea Is Rich from Stealing Crypto Among the methods used to engage in thievery were “phishing lures, code exploits, malware, and advanced social engineering to siphon funds” out of organizations’ hot wallets and addresses,...

A teenager hailing from the Hamilton, Ontario area of Canada has been arrested for allegedly taking part in a SIM swapping incident that stole as much as $46 million in crypto funds. The victim, who is unnamed at the time of writing, is situated in the United States. SIM Swapping Is a Big Problem The arrest occurred following a joint investigation led by the United States Secret Service Electronic Crimes Task Force and the Federal Bureau of Investigation (FBI), which...

A new report from digital currency data site Crypto Head suggests that crypto fraud and theft is at an all-time high in the year 2021. There are more data breaches and infiltrations of exchanges and trading platforms occurring this year than at any other point in the history of cryptocurrency. Crypto Head: Digital Currency Theft Has Reached a New Peak This is to be expected in many ways given that the crypto space has risen to boast a valuation of more than $2 trillion....