Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInSomeone Hacked a Merger – Bloomberg
If you are a criminal mastermind, one thing you could do is go to law school, get good grades, get hired at a big M&A law firm, work 100-hour weeks on big deals, and eventually try wiring yourself the money that was meant to pay for a merger. There are many downsides to this approach, […]
FBI agents arrest Idaho man at Portland airport on warrant alleging securities fraud, insider trading – oregonlive.com
He’s accused of electronically accessing an investment advice service’s unannounced stock picks and using the information to generate millions of dollars in trading profits and providing insider tips to at least one other person, according to a federal complaint unsealed Tuesday. Investigators examined emails Stone sent to another person from January 20, 2021, through March […]
SEC Charges Five Russians in $80 Million Hacking and Trading Scheme
The Securities and Exchange Commission today announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit from stolen corporate earnings announcements obtained by hacking into the systems of two U.S.-based filing agent companies before the announcements were made public. The filing agents assist publicly traded companies with the preparation and […]
Behind the Crypto Broker Accused of Enabling Ransomware Hackers – Bloomberg
Suex OTC, a virtual currency exchange, is a transactions platform that allows cryptocurrency traders to buy and sell digital coins. It is accused by the U.S. of mixing legitimate digital currency trades with illegal transfers from ransomware gangs, allowing them to launder profits from the kind of attacks that have crippled hospitals, businesses, school districts […]
Coinbase slammed for terrible customer service after hackers drain user accounts
After CNBC inquired about what happened to the couple, Coinbase sent Tanja an email on Aug. 20 that said the company “does not have the ability to reverse crypto transfers sent off our platform. Unlike traditional banks or credit card companies, once crypto currency transfers are confirmed on the blockchain, they are permanent.” “Because this […]
Hackers Stole More Than $600 Million in Cryptocurrency, Then Gave Some of It Back – WSJ
Poly Network said Wednesday that assets worth around $260 million have been returned. In a series of lengthy question-and-answer posts about the heist on a blockchain account used to hijack the funds, the purported hacker or hackers claimed that they were always planning to return the funds. “I am not very interested in money! I […]
At least $611 million stolen in massive cross-chain hack
Cross-chain protocol Poly Network has been hacked for $611 million in the largest DeFi hack to date. “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon,” tweeted Poly Network today, adding, “We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses.” Source: […]
U.S. offers $2M reward for 2 men who hacked SEC – UPI.com
The U.S. State Department and Secret Service on Wednesday announced the two $1-million rewards for help detaining Artem Viacheslavovich Radchenko and Oleksandr Vitalyevich Ieremenko, Ukrainian nationals who have been accused of stealing information from the U.S. Securities Exchange Commission in 2016. In a statement, the Secret Service said it was the first time the agency […]
Crypto Under Attack: The Five Worst Hacks That Shook the Crypto World
Cryptocurrencies were first introduced in 2009 with the launch of Bitcoin (BTC), and since then, many other digital currencies — or altcoins — have also surfaced. Cryptocurrency is an asset that is available on a blockchain-based network and works as a medium of exchange. With their entire presence only existing online, cryptocurrencies are prone to […]
Cryptocurrency Investor Gets Second Chance to Show AT&T Liability in $24M Hack
A federal judge in California has given a cryptocurrency entrepreneur another shot to make his case that AT&T’s negligence allowed hackers to steal $24 million in digital currency. Hackers attacked blockchain and cryptocurrency investor Michael Terpin’s cellphone on two separate occasions, according to his initial complaint filed in the Central District Court of California in […]