Crypto-Funded COVID Fraud Case Ends in Prison Sentence for John Gotti’s Grandson
Carmine G. Agnello has been sentenced to 15 months in federal prison after admitting he fraudulently obtained about $1.1 million through the U.S. Economic Injury Disaster Loan program and diverted part of the proceeds into a cryptocurrency venture. The sentence turns a pandemic-relief fraud case into another example of how illicit funds can move quickly […]
Phishing accounted for most of $464.5M in Q1 Web3 losses, Hacken says
Web3 projects lost $464.5 million to hacks and scams in the first quarter of 2026, and the damage profile says as much about changing attacker behavior as it does about raw numbers. Hacken later revised the tally to $482 million across 44 incidents, showing that the quarter was defined not just by losses, but by […]
DOJ Flags Three Crypto Frauds as Centerpiece of ‘America First’ Enforcement Push
The U.S. Department of Justice used its 2025 Year in Review, to spotlight three cryptocurrency-linked schemes as flagship examples of modern fraud enforcement. The signal is that crypto is being treated as a recurring enforcement thread inside broader fraud sweeps, not as a niche category.
North Korean actors exploit “fake Zoom” ruse to drain crypto wallets, $300M reported stolen
North Korean-linked actors have used a deceptive video-call technique dubbed “fake Zoom” to extract funds from cryptocurrency wallets, resulting in reported losses of $300M. The campaign targets individual and institutional holders by combining impersonation with remote interaction to gain access to credentials and authorization flows.