Tether Redistributed $108.8M USDT from Illicit Activity
Tether has voluntarily blocked over 1,900 bitcoin wallets associated with illegal activities. According to a recent announcement, since its launch in 2014, the stablecoin issuer Tether has helped more than 145 law enforcement agencies recover more than $108.8 million USDT linked to illicit acts. Tether remains resolute in its mission to support global law enforcement […]
OmegaPro Co-founder Arrested Over $4B Crypto Fraud
Andreas Szakacs, the OmegaPro co-founder, was arrested in Turkey for his claimed involvement in a multi-billion-dollar crypto scam. In July, Andreas Szakacs, the OmegaPro co-founder of the cryptocurrency and forex platform that subsequently collapsed, was apprehended in Turkey. He is accused of defrauding investors through a $4 billion crypto Ponzi scheme. OmegaPro Co-founder is Arrested […]
CoinGecko Warns of Fake Airdrop Scam
Cryptocurrency pricing aggregator CoinGecko reports social media scams promoting GECKO token airdrops. The cryptocurrency data aggregator CoinGecko advised users to be cautious as fraudulent schemes aimed at its community gain traction and issued a warning on false airdrop frauds. CoinGecko warned its followers on August 21 on X about false rumours of a GECKO token […]
WazirX Restores Balances After Hack, Withdrawal Timeline Unclear
The withdrawal delay has impacted individual investors and increased questions about bitcoin exchanges’ general security and reliability. Nearly a month after a significant hack hit the WazirX exchange, leading to the loss of $234 million from investors in the Indian crypto exchange’s Safe Multisig wallet, the platform has restored investor balances. However, despite this progress, there […]
Styx Stealer Malware Targets Vulnerability To Access Crypto
Styx Stealer can steal data and redirect crypto transactions from an exposed computer to the hacker’s wallet. Cybersecurity solutions provider Check Point Research has identified a novel malware known as Styx Stealer. A mechanism known as clipping enables the newly discovered malware to pilfer an enormous amount of material, including cryptocurrency. The developer’s website offers […]