Two Men Sentenced to Prison for SIM-Swapping Crypto Scam

Two Massachusetts men were sentenced to two years in prison for stealing the social media accounts of crypto executives and using SIM-swapping to bypass 2FA protections. DOJ

$1.6M Stolen from an FTX Account

Details are unclear but it seem that hackers exploited automated trading bot API 3commas in order to take control of the user’s account and make thousands of trades. WU Blockchain

Localbitcoins User “Mustangy” Sentenced in Federal Court for Money Laundering

AKA Mustafa Goklu, Mustangy posted ads on localbitcoins.com offering to pay cash for up to $99,999 in Bitcoin. The cash he was offering came from his drug trafficking business. DOJ

Coinbase Users Sue over $21 Million in Crypto Scam Losses

Nearly 100 Coinbase users are taking the company to arbitration for failing to protect them from mining pool scams. Forbes

Three States Take Action Against Slotie NFT

Three US states have filed cease-and-desist orders against Slotie NFT for selling NFTs without proper registration and funneling the proceeds into metaverse casinos. Coindesk