Defraud
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Tracking the stories that matter across crypto and online security.

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🚨 FAKE TREZOR AD LINKED TO $1.5M IN STOLEN BITCOIN

A fake Trezor website appeared as the top sponsored Google result for searches like β€œTrezor wallet,” sending users to a near-identical copy of the real site hosted on Google.

Victims were prompted to enter their 12 or 24-word seed phrase, giving attackers complete access to their wallets. Multiple users say they were drained after using the site, with more than 24 BTC worth around $1.5 million reportedly sent to the scam wallet.

Trezor says it is aware of the phishing campaign and is working with Google to have the fake pages removed.

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🚨 BYBIT SUES NORTH KOREA OVER $1.5B HACK

Bybit has filed a lawsuit against North Korea and the Lazarus Group, accusing them of carrying out the $1.5 billion hack that hit the exchange in February 2025.

A US judge has already ordered identified stolen assets to be frozen, with around $75.5 million recovered or frozen so far. Bybit says more than 90% of the stolen funds have now become untraceable after being moved through mixers, bridges and other services.

Do you think Kim will send the crypto back?

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🚨 $7.9M DRAINED FROM COINSBUY WALLETS

More than $7.9 million has reportedly been drained from wallets linked to crypto payment processor Coinsbuy across Ethereum and TRON.

The attacker quickly began swapping the stolen funds into Monero, while ChangeNOW reportedly froze a six-figure portion before it could be laundered.

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🚨 ZACHXBT EXPOSES $5M CRYPTO THEFT

On-chain investigator ZachXBT has identified Tiffany Milanovich as an alleged US-based caller linked to at least $5 million in crypto thefts.

His investigation links her to a $1.2 million Trezor theft in June and a separate $500,000 Coinbase drain, alongside recordings allegedly showing her taunting victims after their funds were stolen.

ZachXBT also published chats, wallet activity and videos allegedly showing Milanovich flaunting crypto, luxury purchases and gambling with stolen funds.

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🚨 FAKE CRYPTO STARTUP HIRES NORTH KOREAN HACKERS

Security researchers created a fake crypto company and deliberately hired three people they suspected were working for North Korea, giving them access to company systems while secretly recording their activity.

The workers allegedly used fake or mismatched identities, AI-edited documents and VPNs to pass hiring checks. Once hired, they gained legitimate employee access, with one installing remote-access software on his work machine.

Would you have hired them?

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🚨 HACKER EXPLOITS BLOCKCHAIN TO MINT $5M IN TOKENS

Blockchain Harmony is investigating an exploit after an attacker minted around 4 billion $ONE tokens, worth roughly $5 million and equivalent to more than a quarter of the token’s existing supply.

Around $3.5 million worth of the newly minted tokens was sent to exchanges, while $ONE plunged as much as 57% from its 24-hour high to a record low before recovering.

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⚠️ 3 GANGS TARGET WRONG COUPLE FOR €1M IN CRYPTO

A French couple who don’t own any crypto were targeted three times after buying the former home of wealthy crypto holders whose address had leaked onto the dark web. Criminals believed around €1 million in crypto was still linked to the address.

The first crew was scared off by the couple’s dogs. A second broke in, tied up one homeowner and beat the other before realising they had the wrong people. A third crew later returned but fled after triggering a newly installed alarm.

France accounted for 33 of 52 verified physical crypto attacks worldwide in the first half of 2026.

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🚨 CRYPTO WHALE GETS DRAINED FOR ANOTHER $25M

A crypto whale has lost around $25 million after two wallets were emptied in just 15 minutes in a suspected private key compromise.

The attacker drained assets including DAI, WBTC, USDC, LDO and ETH into a fresh wallet. The same victim reportedly lost $24 million to a phishing attack in 2023.

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🚨 CEO JAILED FOR 15 YEARS OVER $50M FRAUD

Jeong Sang-ho, CEO of South Korean crypto lender Delio, has been sentenced to 15 years in prison for defrauding around 1,100 customers of $50 million.

The court found Delio used customer deposits to pay returns while hiding losses.

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🚨 HACKER EXTORTS SOFTWARE FIRM FOR $2.5M

Former Brightly Software contractor Cameron Curry stole sensitive employee data and sent more than 60 extortion emails, demanding $2.5 million in crypto under the alias β€œLoot.”

Brightly reportedly paid him just $7,541 in Bitcoin. Investigators later traced the scheme back to Curry through personal information and family debit cards linked to the ransom setup.

Curry has now been sentenced to 2 years in federal prison.

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🚨 $116M STOLEN, 53K CUSTOMERS EXPOSED

On July 15, ZachXBT warned against relying on hardware wallets. Since then, around $116 million in Bitcoin has been stolen through the COLDCARD flaw, while separate data breaches exposed 13,689 Trezor customers and 39,798 SafePal customers.

Do you still trust hardware wallets?

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🚨 SAFEPAL CUSTOMER DATA PUT UP FOR SALE

A threat actor is now advertising data allegedly stolen from SafePal on a cybercrime forum, claiming records tied to the same 39,798 customers affected in the breach.

The exposed data includes names, emails, phone numbers, shipping addresses and exact purchase details, potentially identifying thousands of hardware-wallet owners and where they live.

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🚨 BINANCE GAVE RUSSIA USER DATA OVER $700 UKRAINE DONATION

Binance gave Russian investigators the transaction history, home address, phone number, passport details and ID copies of Russian IT specialist Yuri Belenkiy after he sent more than $700 in crypto to Ukrainian military-linked fundraisers.

The records were used to charge him with terrorism financing in 2025, two years after Binance announced it had fully exited Russia. Investigators also asked Binance to identify other users who donated to the same wallet.

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🚨 $165M CRYPTO PONZI MASTERMIND DEPORTED FROM FIJI

Edward Zimbardi, 59, from Georgia, has been deported from Fiji back to the US to face federal charges over his alleged crypto investment scheme, β€œThe Crypto Program.”

Prosecutors say thousands of investors sent more than $165 million after being promised guaranteed returns of 25% per month. Zimbardi allegedly used new investor funds to pay earlier victims while spending at least $10 million on himself.

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🚨 MAYA PROTOCOL EXPLOITED FOR $1.7M

MAYA Protocol has confirmed an exploit resulting in around $1.7 million in stolen crypto, including roughly 20 BTC worth $1.34 million.

The protocol was globally halted following the attack while the team investigates and works on a recovery plan.

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🚨 764 MEMBER SENTENCED TO 77 YEARS IN PRISON

Kyle William Spitze, 27, an original member of 764, has been sentenced to 77 years in federal prison after coercing minors into producing sexual abuse material through threats and blackmail.

Spitze also helped run HarmNation, part of the 764 online extremist network. He pleaded guilty to producing and possessing child sexual abuse material, as well as helping distribute animal-cruelty videos.

The DOJ says the 77-year sentence is the longest ever imposed in the U.S. for this type of violent online extremism.

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