Published on: 2025-04-20 03:19:47
The FBI warns that scammers impersonating FBI Internet Crime Complaint Center (IC3) employees offer to "help" fraud victims recover money lost to other scammers. Over the last two years, between December 2023 and February 2025, the FBI said it has received over 100 reports of fraudsters using this tactic. "Complainants report initial contact from the scammers can vary. Some individuals received an email or a phone call, while others were approached via social media or forums," the law enforcem
Keywords: fbi funds lost scammers victims
Find related items on AmazonPublished on: 2025-04-21 09:50:55
Jon Hicks/Getty Images Remember all those viral "money hacks" on TikTok that helped some Chase customers withdraw money fraudulently from ATMs? Chase is pursuing legal action against more customers who were involved, so they may soon have to repay any money that was illegally obtained. Last October, a temporary glitch in Chase Bank's security allowed people to write checks to themselves and deposit them at ATMs, withdrawing the funds before the bank could identify the error. Typically, you can
Keywords: bank chase error funds money
Find related items on AmazonPublished on: 2025-05-02 03:58:19
A VIX volatility index chart on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 19, 2025. Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower economic growth and higher inflation. Photographer: Michael Nagle | Bloomberg | Getty Images Already under pressure amid last week's multitrillion-dollar stock market rout, the venture capital industry now faces an even tough
Keywords: funds market private startups venture
Find related items on AmazonPublished on: 2025-05-08 15:01:34
The cryptocurrency platform Abracadabra Finance lost about $13 million worth of digital currency to hackers on Tuesday morning. The company did not respond to requests for comment confirming the amount of stolen cryptocurrency but acknowledged the incident in a message on social media. The crypto lending platform said the issue was sourced back to a product it calls “cauldrons” — isolated lending markets that allow users to borrow against a variety of cryptocurrencies. “Core contributors and
Keywords: company funds said security stolen
Find related items on AmazonPublished on: 2025-05-12 19:12:27
Over the weekend, a massive wave of credential stuffing attacks hit multiple large Australian super funds, compromising thousands of members’ accounts. The Association of Superannuation Funds of Australia (ASFA), Australia's advocacy body for the superannuation industry, said today that "a number of members were affected" even though the "majority of the attempts were repelled." Reuters has learned from a source familiar with the matter that over 20,000 accounts were breached in this massive w
Keywords: accounts attacks financial funds members
Find related items on AmazonPublished on: 2025-05-12 19:00:00
Since IPOs slowed to trickle a few years ago, limited partners who invest in venture capital funds have had one giant problem: a dearth of liquidity. Lack of cash returns has been especially troublesome for wealthy individuals or their small family offices — who manage the assets of the wealthy — that made substantial investments in VC funds. Having funds locked up in venture capital was a big issue for entrepreneur Mike Hurst. After selling Exactuals (a payments startup he founded) to City Na
Keywords: capital funds hurst lp turbine
Find related items on AmazonPublished on: 2025-05-22 13:23:46
The U.S. Department of Justice (DOJ) has seized over $8.2 million worth of USDT (Tether) cryptocurrency that was stolen via 'romance baiting' scams. Previously referred to as 'pig butchering,' in this type of financial fraud victims are manipulated into making investments on fraudulent websites/apps that showcase massive returns. Convinced they're making a profit, the victims invest increasing amounts, but when they attempt to make any significant withdrawals, they hit various problems that pr
Keywords: baiting funds money romance victims
Find related items on AmazonPublished on: 2025-05-26 03:41:04
One of the most popular acronyms in Silicon Valley these days is SPV. It stands for special purpose vehicle. In tech startup land, it's a type of investment fund that typically involves concentrating all of its assets in one company. SPVs have blown up in recent years as investors clamor to get a piece of hot startups with valuations often in the tens of billions of dollars. But buyer beware. Investors are warning of hidden fees, unclear rules about ownership, and marketing that's driven by FO
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Find related items on AmazonPublished on: 2025-06-11 03:25:46
How does North Korea launder its crypto loot? Each time the Hermit Kingdom successfully hacks a company or protocol — like when it pillaged $1.5 billion from crypto exchange Bybit on Feb. 21 — it faces the significant challenge of offramping its assets. Story continues Don't miss another story. Subscribe to the State of Crypto Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy .
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Find related items on AmazonPublished on: 2025-07-04 04:23:49
The hackers who stole around $1.4 billion in cryptocurrency from crypto exchange Bybit have moved nearly all of the robbed proceeds and converted them into Bitcoin, in what experts call the first phase of the money-laundering operation. On February 21, Bybit said that a “sophisticated attack” on one of the company’s wallets resulted in the theft of 401,346 Ethereum, worth around $1.4 billion at the time, in what is the largest crypto theft in history and possibly the largest heist of any kind e
Keywords: bybit crypto funds hackers said
Find related items on AmazonPublished on: 2025-07-08 01:30:00
As scam compounds in Southeast Asia continue to drive massive campaigns targeting victims around the world, WIRED took a deeper look at how Elon Musk’s satellite internet service provider Starlink is keeping many of those compounds in Myanmar online. Meanwhile, FTC complaints obtained by WIRED allege that an “OpenAI” job scam used Telegram to recruit workers in Bangladesh for months before the fraudsters suddenly disappeared. WIRED published the inside story of Russian tech executive Vladislav
Keywords: crypto funds russia stolen week
Find related items on AmazonPublished on: 2025-07-08 07:22:35
U.S. authorities recovered $31 million in cryptocurrency stolen in 2021 cyberattacks on Uranium Finance, a Binance Smart Chain-based DeFi protocol. Uranium Finance was a decentralized finance (DeFi) protocol built on Binance's BNB Chain that operated as an automated market maker (AMM) similar to Uniswap. The platform launched in April 2021, but hackers quickly exploited vulnerabilities in its smart contracts to drain its assets and push it to premature death, causing millions in investor losse
Keywords: 2021 finance funds million stolen
Find related items on AmazonPublished on: 2025-07-15 00:30:54
Are there any ethical VC funds? This is a genuine question. It feels like the majority of venture firms can rationalise away their position as doing good for the world but when you start to dig into it, the sole goal is making money and who they make money for isn't always the most righteous of people or entities. Even then many of the individuals at firms can be questionable, involved in scandals. And the things invested in, while there can be a thematic preference, often everything is thrown o
Keywords: ethical firms funds good money
Find related items on AmazonPublished on: 2025-07-14 15:50:47
North Korea has gotten away with its biggest crypto heist yet, this time stealing approximately $1.4 billion worth of Ethereum, about 400,000 coins, from the cryptocurrency exchange ByBit. The company’s CEO Ben Zhou on Monday said the company was able to raise new funding to fill the gap and that ByBit can cover all withdrawals, though you might remember a certain other exchange CEO who made the same promise before his exchange abruptly collapsed. The company is offering a 10% bounty for any fu
Keywords: crypto funds korea money north
Find related items on AmazonPublished on: 2025-07-14 11:22:58
Over the weekend, blockchain security companies and experts have linked North Korea's Lazarus hacking group to the theft of over $1.5 billion from cryptocurrency exchange Bybit. In what is now considered the largest crypto heist in history, the attackers intercepted a planned transfer of funds from one of Bybit's cold wallets into a hot wallet, redirecting the crypto assets to a blockchain address under their control. "On February 21, 2025, at approximately 12:30 PM UTC , Bybit detected unaut
Keywords: bybit eth funds hack lazarus
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