Bitmart Users Form Group to Recover Trapped Assets
Echo Base has organized a committee of claimholders to represent users with frozen assets on Bitmart and retained legal counsel to explore recovery options. Echo Base Steps in After Ignored…
South Korea’s Crypto Crackdown Lands Delio CEO 15 Years
A South Korean court sentenced Delio CEO Jeong Sang-ho to 15 years in prison for misusing roughly $49.2 million in customer cryptocurrency assets and using false documents to secure a…
The $763.9 Million Shift: Why Smart Contract Audits Couldn’t Stop Web3’s Worst Quarter
Threat actors stole $763.9 million across 67 incidents in Q2 2026, making it the most severe period for Web3 security since Q2 2025. Breaches in audited protocols highlighted an industry…
Memecore Crashes 76% as $3B Vanishes and ZachXBT Revives Manipulation Claims
Crypto token memecore plummeted 76% in a single day, dropping from $2.64 to $0.50 before a minor rebound to $0.80. The crash wiped out nearly $3 billion in value, reducing…
Celsius Founder Alex Mashinsky Faces $4.72B FTC Judgment, Gets Lifetime Ban From Crypto
A federal judge this week entered a $4.72 billion judgment against Alex Mashinsky, the founder and former CEO of collapsed crypto lending platform Celsius Network, while permanently banning him from…
US DOJ Opens Compensation for $4 Billion Onecoin Fraud Victims
The U.S. Department of Justice has launched a compensation process for victims of the $4 billion Onecoin fraud. More than $40 million in recovered assets will be distributed to eligible…
U.S. Federal Contractor’s Son Arrested in $46 Million Theft of Seized Government Crypto
Bitcoin Magazine U.S. Federal Contractor’s Son Arrested in $46 Million Theft of Seized Government Crypto John Daghita, an alleged U.S. government contractor accused of stealing more than $46 million in…
US Federal Judge Hands 8-Year Prison Term to Safemoon CEO
A U.S. court sentenced the former CEO of defunct crypto firm Safemoon to 100 months in federal prison for defrauding investors. The CEO was also ordered to forfeit $7.5 million…
FTX-Fraudster Caroline Ellison Set for Release From Federal Custody After Serving Reduced Sentence
Bitcoin Magazine FTX-Fraudster Caroline Ellison Set for Release From Federal Custody After Serving Reduced Sentence Caroline Ellison, the former co-CEO of Alameda Research and a central figure in the collapse…
Crypto Fraud Hits $15.8B in 2025, Far Outpacing Losses from Hacks and Exploits
In 2025, Web3 fraud surged to $15.87 billion, far surpassing the $2.5 billion plus lost to traditional hacks. Unlike isolated breaches, losses were spread across millions of transactions, reflecting the…