“On June 1 we were made aware of a theft of 201,000 XRP (transaction F6E9E1385E11649A6C2F88723A821AF209B54030886539DCEF9DDD00E6446948) and immediately started investigation. It turned out that the account robbed was managed through Gatehub.net, and that the offending account (r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k) had stolen substantial amounts from several other XRP accounts, likely to be or have been managed through Gatehub.net.” Source
“At the moment we estimate that approximately 100 XRP Ledger wallets were compromised,” Pungercar added. “So far it looks like all the victims had their XRP Ledger wallets hosted on GateHub, but we cannot yet rule out that some wallets were not.” Source
The U.S. SEC as initiated court proceedings against a California resident, Daniel Pacheco, for allegedly operating a multimillion-dollar cryptocurrency pyramid scheme. Source
The SEC’s complaint, filed Wednesday, alleges that from January 2017 through March 2018, Pacheco conducted a fraudulent, unregistered offering of securities through two California-based companies he controls, IPro Solutions LLC and IPro Network LLC (collectively, “IPro”). IPro raised more than $26 million from investors by selling instructional packages that provided lessons on e-commerce. Investors also received “points” that could be converted into a digital asset known as PRO Currency. Investors who contributed additional funds could earn a mixture of cash commissions and additional convertible points by recruiting new investors into the IPro network. As alleged in the complaint, however, IPro was a fraudulent pyramid scheme. IPro’s inevitable collapse was hastened by Pacheco’s fraudulent use of investor funds, which included, among other things, the all-cash purchase of a $2.5 million home and a Rolls Royce. Pacheco’s misappropriation accelerated the rate at which IPro became unable to pay the commissions and bonuses due its investors.
Binance announced that a “large scale security breach” was discovered earlier on May 7, finding that malicious actors were able to access user API keys, two-factor authentication codes and “potentially other info,” the exchange’s CEO, Changpeng Zhao, said in a letter. As a result, they were able to withdraw roughly $41 million in bitcoin from the exchange, according to a transaction published in the security notice.
“The hackers had the patience to wait, and execute well-prepared actions through multiple seemingly independent accounts at the most opportune time. The transaction is structured in a way that passed our existing security checks. It was unfortunate that we were not able to block this withdrawal before it was executed.”
Swindlers who used a bitcoin Ponzi scheme to rob around 56,000 people of over 21.2 billion won ($18.7 million) were arrested last Thursday.
The swindlers lured people with scant knowledge about the digital currency, mostly elderly people, housewives and retirees, with recruitment bonuses and free cryptocurrency.
(source: Korea JoongAng Daily)
FINRA, a self-regulatory body that oversees around 630,000 brokers alongside the companies where they are employed, had most recently banned 11 brokers from working in the industry of securities, while 16 people were suspended from the sector. One of the latest bans that FINRA imposed is revolving around a 1.5 million dollars-worth scam.
Singapore-based DragonEx, one of the top 50 cryptocurrency exchanges by trading volume, estimated that the value of the funds stolen in the hack on March 24 is around USD 7 million (Source). Funds were stolen and landed on these wallets
Stolen were 20 assets among other bitcoin (BTC), ether (ETH), XRP, litecoin (LTC), EOS and tether stablecoin (USDT)
Below is a text version of the list of wallets shared by the DragonEx exec.
EOS: worldfoxprin whatagoodeos
A 18-year-old hacker has been referred to prosecutors in Utsunomiya, Japan for stealing crypto running into millions of Yen. He hacked Monappy: a digital wallet that can be installed on smartphones. The 18-year-old stole 15 million yen ($134,196) in crypto. The heist occurred between August 14 and September 1, 2018. The hack affected 7,700 Monappy users. Source: Japan Today