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A Chinese national was murdered in a luxury hotel in Jeju City, South Korea, while trading cryptocurrency. Four individuals have been arrested in connection with the murder case. The killer also stole nearly $59,000 from the victim. Chinese National Murdered While Trading Cryptocurrency in Korea Wrench attacks are rising in the cryptocurrency space. Local reports … Read more
Recently unsealed court records indicate that a family was kidnapped by a group of six individuals in Chicago last November. Kidnappers asked for a $15 million ransom in cryptocurrency before releasing the family near a dry cleaning business. Kidnappers Demand $15 Million Crypto Ransom for Release of Family in Chicago As crypto gains relevance, more … Read more
Kaspersky says scammers are targeting digital thieves — baiting them with keys to loaded-up crypto wallets and swiping any crypto added to pay fees. Go to Source
A recent investigation has shed light on a social engineering scam where the perpetrator, known as Ronald Spektor (or Ronaldd), allegedly played a pivotal role in stealing $6.5 million from a single victim last month. The victim, based in the US, reached out on October 7, 2024, after receiving a phone call from a spoofed … Read more
The industry is still recovering from the $230 million WazirX hack, which occurred less than four months ago. Go to Source
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing over more funds before vanishing with the money. FBI Warns of Growing Cryptocurrency Scams Amid … Read more
The U.S. Department of Justice (DOJ) has sentenced 12 individuals for a series of violent home invasions aimed at stealing over $3.5 million in cryptocurrency. The group’s leader received 47 years in prison, while his accomplice was sentenced to 20 years. “The victims were held at gunpoint in their home,” the DOJ stated, adding that … Read more
Cryptocurrency hacks have stolen $1.21 billion in funds so far in 2024, a 15.5% increase from 2023. Go to Source
The biggest threat posed by quantum computers may be impossible to defend against. Go to Source
Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals Indian … Read more
