The former CEO, CFO, and CCO of the cryptocurrency lending service Cred have been indicted on multiple charges involving wire fraud and money laundering. They were charged in connection with their operation of the Cred platform, which went bankrupt in November 2020 after hiding its insolvency for several months.Cred had claimed to...

Robinhood has disclosed that they received a Wells notice from the US Securities and Exchange Commission in relation to their "Robinhood Crypto" product. This indicates that the SEC believes that some of the assets that can be traded via Robinhood Crypto are securities.In the past, Robinhood has removed cryptocurrencies from trading...

An exploiter was able to create a fake version of the $GNUS token on the Fantom blockchain, then bridge the tokens to Ethereum and Polygon where they were then sold as though they were authentic. They were able to drain $1.27 million from the project's liquidity pools.GNUS.ai (short for "Genius", not a reference to the animal) is...

An Ethereum wallet was apparently drained of 1,155 wrapped bitcoin (~$72.7 million) when they transferred it to a malicious address that had been operating an address poisoning scheme.Address poisoning is a scam tactic that takes advantage of crypto traders' tendencies to copy and paste wallet addresses from their transaction histories,...

In the wake of the $33 million ZKasino rug pull, Dutch police have arrested an as yet unnamed 26-year-old who is likely "Derivatives_Ape", the creator of the project. The police also seized assets estimated at more than €11.4 million (~US$12.3 million) including real estate, a luxury car, and crypto. According to police, they began...

Pike Finance, a cross-chain lending protocol, was exploited twice in four days as attackers discovered vulnerabilities in the project's smart contracts.The first attack, on April 26, was enabled by a flaw in the security measures related to transfers of the USDC stablecoin. An attacker was able to change the recipient address and...