Feds Have Now Frozen $938M in Scam Crypto After Telegram Market Bust
Federal authorities restrained about $52 million in scam-linked cryptocurrency in a single day during a crackdown on Xinbi Guarantee, lifting the Justice Department strike force’s running total to roughly $938 million. Treasury says the marketplace processed more than $24 billion and was reportedly used by North Korean hackers. Crypto Scam Crackdown Nears $1 Billion About […]
Key Takeaways
- Federal authorities restrained about $52 million in scam-linked cryptocurrency in a single day during a crackdown on Xinbi Guarantee, lifting the Justice Department strike force’s running total to roughly $938 million.
- Treasury says the marketplace processed more than $24 billion and was reportedly used by North Korean hackers.
- Crypto Scam Crackdown Nears $1 Billion About […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Hackers mint trillions in fake Bitcoin, but 15 BTC bridge recovery leaves liquidity providers unpaid
The native bridge remains paused as a 20% bounty window closes Sep. 13 and final accounting continues. The post Hackers mint trillions in fake Bitcoin, but 15 BTC bridge recovery leaves liquidity providers unpaid appeared first on CryptoSlate.
LAPTOP Enters Memecoin Frenzy, $245 Million Crypto Heist Sees Guilty Pleas, And More – Weekly Recap
This week’s stories highlighted crypto’s widening reach — and its risks. Pump.fun paired memecoins with tokenized stocks, while Hunter Biden’s LAPTOP token collapsed 98% after launch. Liquid began recovering from a 4,000 BTC exploit, a cybercrime network…
Another Bitcoin Bridge Broke, and This Time Billions Were Minted
Over the past week, the crypto community has been hearing about bizarre hacks involving bitcoin-backed tokens, and following the troubles tied to the Liquid Network’s L-BTC and Nomic’s nBTC, Symbiosis’s bitcoin bridge was exploited. Reports say that a hacker…