US authorities indict Canadian national behind $65m KyberSwap, Indexed Finance hacks
Federal prosecutors in the United States have charged a Canadian national with exploiting vulnerabilities across two decentralized finance protocols, alleging he stole millions in cryptocurrency and attempted to cover his tracks. Andean Medjedovic, a University of Waterloo mathematics graduate, has been indicted for wire fraud, computer hacking, attempted extortion, and money laundering in connection with […]
Thai authorities unplug Bitcoin mine that stole millions of baht in electricity
Thailand’s Provincial Electricity Authority has shut down a Bitcoin mining farm for tampering with power meters to steal electricity worth hundreds of millions of baht. According to local media, the PEA, in collaboration with the Crime Suppression Division, has seized 996 Bitcoin mining rigs during a raid on the mining farm located in the Phanat […]
1 Million Victims Noted by U.S. Authorities
U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, could potentially have one million victims all around the globe following the downfall of the Terra ecosystem. This claim was made before a New York City court on Jan. 6, 2025, where Kwon is facing nine counts of felony relating to fraud at Terraform Labs. […]
Upbit license renewal on hold after authorities uncover 500k suspected KYC violations
South Korea’s Financial Intelligence Unit reportedly found 500,000 to 600,000 potential KYC violations on Upbit, the largest crypto exchange in the nation. KYC violations of this scale could lead to fines and possible license renewal issues. According to a report by local news agency Maeil Business Newspaper, South Korea’s Financial Intelligence Unit of the Financial […]
