Category: Cybercrime

Featured image showing a crypto payment processor tangled in legal documents, casino chips, and red flags, symbolizing the CoinsPaid–SoftSwiss controversy.T
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May 16, 2025

The SoftSwiss Connection: The War Between CoinsPaid and Ex-Director Frédéric Hubin!

A corporate war has erupted between Frédéric Hubin, former director of CoinsPaid, and the crypto payment processor itself. In an explosive LinkedIn post from April 2025, Hubin accuses CoinsPaid of processing payments for illegal SoftSwiss casinos, operating with negative equity, and being backed by Russian owners linked to controversial business networks. Meanwhile, CoinsPaid has partnered with Payabl in legal action against FinTelegram.
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Coinbase has been hackedC
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May 15, 2025

Coinbase Breach Exposes Compliance Gaps: Criminals Stole Customer Data—$20M Bug Bounty Offered

Coinbase has revealed that unknown criminal actors exploited a zero-day vulnerability in a third-party library, enabling them to steal sensitive customer data. While no funds were lost, the breach highlights systemic compliance and operational risks in the crypto industry's cybersecurity infrastructure. The platform has responded with a $20 million bug bounty.
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Rene Benko and his wife Natalie Benko are suspects in the criminal case in AustriaC
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May 15, 2025

Chasing René Benko’s Loot: New Investigations Target Benko’s Wife

In recent days, the Austrian Economic and Corruption Prosecutor’s Office (WKStA) has significantly expanded its investigations into the collapse of the Signa Group and its founder, René Benko. According to multiple Austrian media reports, new house searches have taken place at properties belonging to Benko’s wife, Natalie Benko, and his brother in Tyrol.
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An abstract image showing a dark blockchain tunnel surrounded by handcuffs, dollar signs, and the Binance logo—symbolizing crypto money laundering and regulatory crackdown.C
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May 15, 2025

Crypto’s Dark Side: Money Laundering Scandals Are Reshaping the Cyber Finance Landscape

The $4.2 billion criminal settlement with Binance and the sentencing of its founder, Changpeng Zhao (CZ), was not an isolated event—it marked the beginning of a new regulatory era. In 2024 and 2025, multiple crypto platforms have come under fire for facilitating money laundering, especially in connection with online gambling, cyber fraud, and unregulated exchanges.
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The espionage case around Wirecard and Jan Marsalek continuesW
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May 13, 2025

Wirecard’s Jan Marsalek Confirmed as Russian Spy Mastermind in UK Espionage Conviction

A London court has delivered a seismic verdict in the ongoing saga of Wirecard, the collapsed German fintech giant: six Bulgarian nationals have been convicted and sentenced for spying on behalf of Russian intelligence, acting under the direct orders of Wirecard’s fugitive former COO, Jan Marsalek. This marks the first time a court has definitively established that Wirecard, under Marsalek’s leadership.
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Former Austrian Banker Peter Weinzierl in prison in New YorkO
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May 13, 2025

Odebrecht Scandal: Former BankerPeter Weinzierl Extradited to U.S., Held Without Bail in Brooklyn Jail

Former Meinl Bank CEO Peter Weinzierl has been extradited from the United Kingdom to the United States and is currently in custody at the Metropolitan Detention Center (MDC) in Brooklyn. The 59-year-old Austrian banker faces charges related to his alleged involvement in laundering over $170 million in bribes connected to the Odebrecht corruption scandal.
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Andelskasse and the money laundering network around Clearhaus and MoorwandK
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May 13, 2025

KBH Andelskasse Conviction Exposes Deep-Rooted Fintech-Driven Money Laundering Network

The recent conviction of former KBH Andelskasse CEO Bo Stengaard marks a pivotal yet incomplete chapter in one of Denmark’s most alarming money laundering scandals. While Danish media focuses on Stengaard’s four-month suspended sentence, a broader compliance investigation reveals a sophisticated network involving payment firms Clearhaus and FCA-regulated Moorwand.
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FinTelegram Startup on trial reports the 12 year prison sentence of Celsius founder Alex MashinskyS
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May 11, 2025

Startup on Trial: Alex Mashinsky Sentenced to 12 Years for Orchestrating Celsius Network Fraud​PC Gamer+5bloomberg.com+5Coindoo+5

In an expected decision underscoring the perils of unchecked ambition in the crypto industry, Alex Mashinsky, founder and former CEO of Celsius Network, has been sentenced to 12 years in federal prison. This sentencing follows his December 2024 guilty plea to securities and commodities fraud charges. ​Mashinsky was one of the crypto high-flyers in the crypto bull run 2020/21.
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FinTelegram report on the latest court order against FCA regulated payment processor MoorwandL
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May 9, 2025

Legal Analysis: Landmark Ruling Against Moorwand Ltd in APP Fraud Case

The recent High Court ruling in the UK against Moorwand Ltd marks a watershed moment in the fight against authorised push payment (APP) fraud in the UK. The judgment held the FCA-regulated e-money institution liable for failing to prevent fraudulent transfers, reinforcing the application of the Quincecare duty to modern payment service providers.
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Former SafeMoon CEO John Karony faces trialD
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May 8, 2025

DeFi Drama in the Dock – SafeMoon CEO John Karony on Trial for Massive Investor Fraud!

The sensational federal trial of SafeMoon CEO Braden John Karony kicked off in Brooklyn, promising to be one of the most explosive DeFi crime showdowns of the year. Karony stands accused of masterminding a multimillion-dollar scheme under the guise of a “decentralized” finance token that defrauded over a million investors. Former CTO Thomas Smith turned on him, founder Kyle Nagy reportedly hides in Russia.
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Illustration of a hacker manipulating IT support systems with UK retail logos in the background.S
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May 6, 2025

Scattered Spider Hackers Exploit IT Help Desks in UK Retail Cyberattacks

The hacker group Scattered Spider has been identified as the perpetrator behind recent cyberattacks on UK retailers, including M&S and Co-op, by manipulating IT help desks to reset employee passwords, gaining unauthorized access to sensitive systems. ​Scattered Spider is a hacking group mostly made up of teens and young adults believed to live in the U.S. and the U.K.
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FinCEN against Huoni GroupF
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May 2, 2025

FinCEN Drops the Hammer: Cambodia’s Huione Group Exposed as Global Money Laundering Kingpin

In a bombshell move in the global financial underworld, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has officially branded Cambodia-based Huione Group as a “primary money laundering concern” and is moving to sever its access to the U.S. financial system. The allegations are staggering: Huione is accused of laundering billions in dirty money for North Korean cybercriminals.
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