Crypto crime, investigated: who got hacked, who ran, who got caught. Real cases, no hype. Where On-Chain Drama Lives. By @usmansaifcheema
On Chain
Joined November 2021
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In the 90 days before crypto custodian Prime Trust collapsed in 2023, it paid $9.08M to the company that runs Poloniex. A trust suing for Prime's customers asked for it back. Poloniex's operator never answered, so a Delaware judge ordered it to pay. Justin Sun is defending his part; nothing is decided against him. cryptomediazone.com/court-wa…
A trading team's shared wallet lost $7.45M through a permission it had granted 233 days earlier and forgot about. A bot spotted the opening and grabbed the money before the thief could, then gave back all but $371,000. cryptomediazone.com/hack-dat…
A Chinese national has been extradited to Los Angeles. Prosecutors say he moved $36.9M from 174 American scam victims through a Bahamas bank to scam bosses in Cambodia. These are charges; nothing is proven yet. cryptomediazone.com/the-rap-…
Polymarket: Its Ads Showed $1.9M of Winning Bets. None Were Real
The WSJ found $1.9M of fake wins in Polymarket's paid videos. Its marketing chief is out, the NY Post reports, and the CEO repaid jet and rent costs.
cryptomediazone.com/scam-enc…
Electrum: Fake 'Stuck' Bitcoin Payments Tricked Users Into Paying Thieves
Rogue servers showed Electrum users a fake stuck bitcoin payment. Users who paid a higher fee to speed it up sent money to a thief. Version 4.8.3 fixes it.
cryptomediazone.com/scam-enc…
Crypto Media Zone retweeted
Pump fun: Traders Paid $2.3B in Fees, and 0.4% of Wallets Made Over $10,000
Did anyone make money on Pump fun? Traders paid $2.34B in fees, the site kept $1.37B, and few wallets won big. The data, the winners and the lawsuit.
via @CryptoMediaZone cryptomediazone.com/meme-coi…
Update: Trenton Johnston, the Canadian who started stealing crypto at 17, was sentenced in Miami on 26 Oct to 25 months in prison over a $13M bitcoin theft. He handed over about $3.8M and is expected to be deported to Canada. cryptomediazone.com/the-rap-…
A gang calling itself WhiteArmor is demanding $15M in bitcoin from the crypto casino Gamdom, and claims 15.4M accounts, a figure Gamdom's founder disputes. The same week, Coinbase and Bithumb disclosed separate data leaks. No coins were reported stolen. cryptomediazone.com/hack-dat…
A St. Louis man has pleaded guilty to joining a 2024 plot to rob the Connecticut family of a man tied to a $245M bitcoin theft. His crew stalked them for two days, then gave up. A second gang went ahead and kidnapped the parents. cryptomediazone.com/the-rap-…
Did anyone make money on PumpFun? CMZ counted: traders paid $2.34B in fees and the site kept $1.37B. In Jan 2025 only 0.41% of wallets had made over $10,000. The lawsuit, the founders' own words and their defence: cryptomediazone.com/meme-coi…
Datavault AI took $150M in bitcoin for its shares. It says it has been trying since June to withdraw the coins from an exchange, and that a year of its accounts can no longer be relied on. The shares halved. cryptomediazone.com/dead-nar…
The US has charged six people over a fake NFT dating scam run from 13 compounds in Madagascar, a ring that moved there from Cambodia. FBI tracing puts losses at $516,695. All are accused, not convicted. cryptomediazone.com/the-rap-…
Bloom, a Telegram trading bot, saw 9,408 SOL (about $947,000) leave nine users' wallets in 94 seconds. Bloom blames a supplier's flaw and promises full repayment; on-chain data shows each wallet's own key signed. cryptomediazone.com/hack-dat…
An attacker borrowed $1.94M for one transaction, bought two of X100's three "Senate" seats and voted the treasury to himself: about $4.85M. The token fell 96%. cryptomediazone.com/hack-dat…
Hackers took the key that proves Keystone's hardware wallets are genuine, so it will destroy 18,835 unsold devices. 25,964 buyers' details were also exposed. No crypto was reported stolen. cryptomediazone.com/hack-dat…
Cocaine Money in Tether: Colombian Broker Gets Over 13 Years for Laundering $14.5M
Colombian crypto broker Leonardo Zuluaga Duque got 160 months for laundering $14.5M of drug money in Tether's USDT and helping set up a cocaine deal.
cryptomediazone.com/the-rap-…
Railway: After a Cloud Breach, a Thief Drained $371,000 From 200+ Crypto Wallets
A researcher traced $371,000 drained from 200+ crypto wallets to keys stored on Railway, a cloud host. The thefts began before Railway warned anyone.
cryptomediazone.com/hack-dat…
"FTX is fine. Assets are fine." Sam Bankman-Fried tweeted that in November 2022. Four days later FTX was bankrupt. He got 25 years. Now he is asking the Supreme Court. cryptomediazone.com/sbf
A coin named after Squid Game went from about a cent to $2,861 in a week. Everyone could buy it. Nobody could sell it. Then its makers made their move. cryptomediazone.com/squidgam…