In a precedent-setting case, Shakeeb Ahmed pleaded guilty on Thursday to charges related to hacks on two decentralized cryptocurrency exchanges, including the July attack on Solana decentralized …
FTX founder Sam Bankman-Fried convicted of defrauding cryptocurrency customers
FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run …
SEC Charges SolarWinds and Its CISO With Fraud and Cybersecurity Failures
On Monday the Securities and Exchange Commission (SEC) has filed charges against SolarWinds and its Chief Information Security Officer (CISO) Timothy G. Brown, alleging that the software company …
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Cryptocurrency firms sued over ‘$1bn investor fraud’ by New York state
The New York attorney general, Letitia James, on Thursday sued the cryptocurrency firms Genesis Global, and its parent company Digital Currency Group (DCG), and the Winklevoss twins’ Gemini for …
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Fraud Prevention Firm Fingerprint Raises $33 Million
Fraud prevention provider Fingerprint has raised $33 million in a Series C funding round led by Nexus Venture Partners and featuring support from Uncorrelated Ventures. Fingerprint's device …
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Darwinium Raises $18 Million for Edge-based Fraud Prevention Tech
San Francisco-based startup Darwinium has raised $18 million in a funding round led by US Venture Partners, bringing its total investment to $26 million since it was founded last year. The company …
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PEACHPIT: Massive Ad Fraud Botnet Powered by Millions of Hacked Android and iOS
A recent Human Security report detailed a botnet of hundreds of thousands of Android and iOS devices called PEACHPIT. The botnet generated illicit profits for the threat actors behind a broader …
Crypto Fraud is Less Than 1% of the Annual $3.2 Trillion in Illegal Activity in the Traditional Fiat Monetary System
The current perception of the scale of fraud in the cryptocurrency and blockchain technologies ecosystem - now based largely on the scale of and level of headlines dedicated to the FTX fraud and …
JPEX snares 1,641 investors with HK$1.2 billion of funds in Hong Kong’s largest fraud case in history
The financial toll in Hong Kong’s cryptocurrency scandal has risen to HK$1.2 billion (US$154 million) involving more than 1,600 investors, making it the single largest financial fraud case in the …
Modernizing Fraud Prevention with Machine Learning
As consumers continue to spend and interact online, they have growing expectations for security and identity verification. There is an increased need for businesses to protect customers from fraud …
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