Crypto Wallet Linked to 20-Year-Old Fraudster Moved $122M
Tether froze roughly $72M of the $120.2M routed through Monero, a quick study in how traceable stablecoin liquidity flips toward privacy rails the moment law enforcement closes in.
Tether froze roughly $72M of the $120.2M routed through Monero, a quick study in how traceable stablecoin liquidity flips toward privacy rails the moment law enforcement closes in.
The $1B tied to Iran moved despite a forfeiture order, exposing an operational gap the Treasury will have to explain before any reserve placement.
The figure is small for the global fraud curve, but the win sits in the model: a venue actively feeding its KYC graph into active police work, not just flagging on the way out.
A single verifier-side price bug let an attacker mint $9M of unbacked borrowing power on Hedera's largest lending market.
Physical wrench attacks on crypto holders in Southeast Asia keep recurring, and each one reminds holders that on-chain security does nothing if the keys can be pried out of a person.
The attacker slipped a fake price past Supra oracle verification, borrowing $10M against 250 worthless SAUCE tokens. Nearly all of Hedera's DeFi value walked out the door in 24 hours.
The flight ranks Gate second among CEXs for outflows over the same window, while Binance pulled $308M of net inflows, evidence users are rotating venues rather than exiting crypto entirely.
If untouched Bitcoin is treated as abandoned after five years, every cold wallet becomes a legal liability, and the Institute's amicus makes that exact argument to the court.
The exploit is already six weeks old, but the wallet's swelling ETH balance turns the case into a live tracking exercise for every researcher watching the funds.
The case spans a half-billion-dollar-plus fraud and a Trump-era pivot; the optics alone will shape how crypto enforcement reads through 2026.
The attacker used a signature-verification bug in Supra's oracle to spoof SAUCE prices, borrow against phantom collateral, and drain roughly $9.05M before the protocol was paused.
One governance takeover, a full chain shutdown, a new AI-focused L1, and an Uniswap burn extension in the same seven days.
On-chain investigator zachxbt traced the haul through an immediate dump, a bridge to Ethereum, and a swap into 7,918 ETH, a textbook private-key compromise playbook.
The two risks are real but on very different clocks: quantum is a slow-moving cryptographic threat, while the fee-market gap shows up the moment the next halving cuts the block reward in half again.
The 1,183x flip on the CAT token is a textbook memecoin extraction pattern: small wallet in, concentrated supply out before the curve rolls over.
The BitClub takedown once read as one of the DOJ's loudest crypto-fraud wins; if the ringleader's counts are dropped after eight years, the message that sends to pending crypto-fraud dockets is…
The Hong Kong SFC is forcing licensed exchanges to replace one-time passwords with cryptographic 2FA, and the liability shift is the part exchanges are reading closely.
The capital is going into auditing, fraud analytics, and on-chain compliance tools, a defense layer built around the same AI-driven fraud that hit DeFi hardest.
Both vendors agree the bug is real on a lab bench; Tangem argues it stays academic because resetting the PIN needs a laser, the card in hand, and rare know-how.
The complaint targets a federal inmate accused of siphoning forfeited digital assets through exchanges and mixing services, layering a theft case on top of an existing sentence.