Tag: 1.2M

Malta regulator fines OKX crypto exchange $1.2M for past AML breaches

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Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws. Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based subsidiary — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3. While admitting that OKX has significantly improved its AML policies in the past 18 months, the authority “could not ignore” its past compliance failures from 2023, “some of which were…

Sophisticated crypto address poisoning scams drain $1.2M in March

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Victims of address poisoning scams were tricked into willingly sending over $1.2 million worth of funds to scammers, showcasing the problematic rise of cryptocurrency phishing attacks. Address poisoning, or wallet poisoning scams, involves tricking victims into sending their digital assets to fraudulent addresses belonging to scammers.   Pig butchering schemes on Ethereum have cost the crypto industry over $1.2 million worth of funds in the nearly three weeks since the beginning of the month, wrote onchain security firm Cyvers in a March 19 X post: “Attackers send small transactions to victims,…

Crypto scammers steal $1.2M from UK residents using fake police reports

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Crypto scammers stole over 1 million British pounds ($1.2 million) from nine residents in Kent, England, after gaining access to their personal information from a data leak. On March 1, Kent Police urged residents to be vigilant against ongoing cryptocurrency fraud attempts. Bad actors accessed the Kent residents’ personal information and misused it to generate fake reports from the United Kingdom’s national reporting center, Action Fraud. “Personal details were taken from the data leak and used to generate fake Action Fraud reports,” the police said. Scammers created fake reports and…

As Trump win sends Bitcoin to ATH, Dogizen raises over $1.2M

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Donald Trump confirmed as President-Elect, sparking crypto surge. Bitcoin hits new ATH at $75K, with broader market up nearly 10%. Donald Trump is confirmed as the President Elect of the United States, and markets have responded to Trump’s pro-crypto stance by sending Bitcoin to a new all-time high (ATH) at $75k. The broader crypto market has risen nearly 10% in accordance, and Dogizen has been no exception. The Telegram…

SEC charges American Bitcoin Academy founder in $1.2m crypto fraud scheme

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The U.S. Securities and Exchange Commission (SEC) has leveled charges against Brian Sewell, founder of the American Bitcoin Academy, over a fraudulent cryptocurrency scheme. In a Feb. 2 press release, the regulator claimed Brian Sewell’s scheme had siphoned approximately $1.2 million from students keen on learning about cryptocurrency investing. SEC CHARGES FOUNDER OF AMERICAN BITCOIN ACADEMY WITH FRAUD The SEC charged Brian Sewell, founder of American Bitcoin Academy, and his firm Rockwell Capital Management with fraud for allegedly targeting students to invest in a nonexistent crypto hedge fund. Sewell reportedly……

Lazarus withdraws $1.2m Bitcoin from crypto tumbler

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Notorious cybercriminal group Lazarus seems to be moving stolen Bitcoin after siphoning over $600 million from crypto protocols and users in 2023.  The North Korean-funded hacker organization withdrew some 27.3 Bitcoin (BTC) worth an estimated $1.2 million from an unidentified crypto mixer. Per Arkham Intelligence data, Lazarus cashed out its ill-gotten BTC over two transactions on Jan. 8. A Lazarus wallet received 10 BTC valued at $440,000 and 17.3 BTC worth $762,000 from a contract address. Shortly thereafter, the receiving address transferred 3.3 BTC to another address holding just under…