Bumo Sarang, a funeral services company in Korea, lost $33 million after it invested $40 million of its own customers' money into a leveraged crypto ETF. These funds were meant for prepaid funeral services, but the company exploited loopholes to siphon them into creative investments. Unfortunately, almost half of the industry in involved in similar practices.
Large cryptocurrency holders are increasingly being targeted by criminals as large wallets are traced back to their owners. Because of this, many firms and individuals are now investing in physical security and bodyguards, with some having details that rival those of high-level executives working at major banks.
Two vessels waiting to transit the Strait of Hormuz reportedly fell victim to scammers posing as Iranian authorities and asking for transit fee payments in crypto.
The hunt for Satoshi Nakamoto has circled back to a likely candidate, Adam Back, thanks to a New York Times article that draws striking parallels between the two. Back denies being Satoshi, saying it's all just a coincidence and confirmation bias on behalf of the reporter. The 40-page-long investigation goes over decades of evidence to try to prove otherwise.
Drift Protocol says that the platform is currently under attack from hackers, with multiple sources estimating that it lost somewhere between $130 million and $270 million in assets.
Blockchain trackers put the cryptocurrency heist in the hundreds of millions of dollars and is already on track to be the largest crypto theft in 2026 so far.
Jonathan Spalletta is charged with computer fraud and money laundering for stealing more than $53.3 million worth of cryptocurrency from Uranium Finance, resulting in its shut down.
Bitcoin miners are pivoting to AI infrastructure amidst the conflict in Iran. The BTC network has seen its first quarterly hashrate drop in nearly six years.
Cambridge scientists have completed the first longitudinal study of Bitcoinβs resilience to network infrastructure disruption, with a particular eye on submarine data cables.
John Daghita, the lead suspect in a major crypto theft worth $46 million has been arrested by the FBI, together with French authorities. Daghita allegedly siphoned funds from government-controlled wallets to his own, abusing the access his father's firm held because of a federal contract with the U.S. Marshals.
South Korea's National Tax Agency added a photo of a hardware wallet in a press release, which also listed its mnemonic seed phrase. This led to an unknown user using the code to recover the wallet and steal over US$4.8 million in crypto seized by the government.
The authorities found out about the theft of 22 BTC from the Gangnam Police Station during the investigation of another case of missing Bitcoin from government custody.