U.S. cyber intelligence staff is vastly outnumbered by Chinese hackers, Federal Bureau of Investigation Director Christopher Wray told Congress as he pleaded for more money for the agency.

Crypto community influencer and Youtuber Ben “BitBoy” Armstrong has been referred to the Federal Bureau of Investigation (FBI) after refusing to appear for a court hearing surrounding his promotion of FTX. 

Ben Armstrong, also known as ‘BitBoy Crypto’, missed a court appearance ordered by a federal magistrate judge in response to the YouTuber’s alleged harassment of counsel in a lawsuit involving several crypto influencers.

Binance, the world's largest cryptocurrency exchange, has expressed its pride in supporting a significant case that led to the seizure of over $112 million linked to cryptocurrency investment schemes.

Florida attorney Adam Moskowitz has contacted the FBI and local police over concerns for his safety after receiving threats from influencer Ben “Bitboy” Armstrong.

Despite the predominantly bearish year for the cryptocurrency industry, 2022 was fruitful for criminals. They stole nearly $2.6 billion from American consumers using investment schemes related to bitcoin and other digital assets. In contrast, such fraud resulted in “just” $907 million in 2021.

Former employees of Terraform Labs, the company behind the Terra-Luna stablecoin that collapsed in May last year, are being questioned by the Federal Bureau of Investigation and prosecutors from the Southern District of New York, the Wall Street Journal reported citing unnamed sources familiar with the matter. Terra-Luna founder Do Kwon, a South Korean, is the subject of an Interpol Red Notice and is believed to be living in Serbia. The SEC alleged that Do Kwon, whose full name is Kwon Do-hyung, and Terraform defrauded investors by saying that Chai used Terra blockchain to process payments, to add value to the Luna cryptocurrency. (forkast)

The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part of a scheme to defraud users of funds stored in the form of cryptocurrency. Criminals are introducing victims to this kind of game and then use malware to extract the funds from cryptocurrency wallets linked to the game, according to the bureau.

The hunt for the infamous “CryptoQueen,” Ruja Ignatova, took a dark turn as an investigation by Bulgarian news outlet Bird reported that she was killed in 2018, citing documents reportedly found in the possession of a murdered Bulgarian police official.

The Federal Bureau of Investigation (FBI) has blamed a cyber-attack group backed by the government of North Korea for its role in a $100m crypto heist reported on 24 June 2022. The funds mainly in Ethereum (ETH) were stolen from Harmony's Horizon bridge.