Forget about Ponzi and pyramid schemes–they’re a thing of the past. The Federal Bureau of Investigation (FBI) has issued a warning of a new crypto investment scheme where scammers pose as uber-successful traders to lure victims. The FBI has dubbed this “Pig Butchering.” Given the state of the 21st century, it’s only natural for scammers […]
Category: Hacks and Crime
October 6, 2022
September 24, 2022
UK Introduces Crypto-Related Law Against Cyber crimes
This Thursday, the United Kingdom announced legislation aiming to make it simpler for law enforcement authorities to confiscate, freeze, and reclaim crypto assets used in illicit activities like money laundering, drug trafficking, and other cyber-crime. The law, written in a 250-page Economic Crime and Corporate Transparency Bill, was submitted by the Home Office, Department for […]
September 14, 2022
Binance Sued in Italy Over Exchange Outages
A group of investors from Italy and other countries filed a class-action lawsuit against Binance. The plaintiffs seek to recover damages for losses sustained during Binance’s platform outages that took place in 2021. Binance is scheduled to appear in court on Thursday, September 15 in Italy. The group of investors cite many incidents where Binance’s […]
