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Tag: Brian Krebs

August 8, 2024

Bank Fraud Allegations: Rapper “Punchmade Dev” Sues PNC Bank

In January, Brian Krebs, the cybercrime expert behind KrebsOnSecurity, exposed rapper Punchmade Dev, who glorifies cybercrime in his music videos, as a key figure behind online stores selling stolen bank account and payment card data. Now, the 22-year-old Kentucky native, identified as Devon Turner, is suing Kentucky-based PNC Bank after it blocked a $75,000 wire transfer and froze his account amidst an active law enforcement investigation.

July 23, 2022

Worthwhile Reading: Brian Krebs Explains ‘Pig Butchering’ Investment Scams!

According to security expert Brian Krebs, the term "pig butchering" refers to a heavily scripted and human-intensive process of using fake profiles on dating apps and social media to lure people into investing in elaborate scams. "The fraud is named for the way scammers feed their victims with promises of romance and riches before cutting them off and taking all their money," the U.S. Federal Bureau of Investigation (FBI) warned in April 2022 in a podcast.

Cybercrime

April 26, 2019

Facebook – 300,000 Cybercriminal Activists Uncovered

The security news and investigation platform KrebsOnSecurity uncovered vast cybercrime activities on Facebook early April 2019. Almost 120 private Facebook groups totaling more than 300,000..

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.

Startup on Trial: Celsius Network and Alex Mashinsky – When Deception Dressed Up as DeFi Innovation!

Celsius Network promised financial freedom through crypto, only to collapse into one of the most catastrophic failures in the DeFi sector. Founder Alex Mashinsky portrayed himself as the champion of the unbanked—yet behind the scenes, Celsius engaged in reckless trading strategies, misled customers, and operated more like a hedge fund than a lending platform.