According to ChainCatcher, as reported by crowdfundinsider, the Supreme Court of India dismissed the petitions of 54 victims of the WazirX hacking incident on April 16, 2025, on the grounds that cryptocurrency regulation falls under government policy rather than judicial jurisdiction. The hack occurred on July 18, 2024, resulting in over $235 million in user funds being stolen. The victims requested a criminal investigation into WazirX, its co-founder Nischal Shetty, Binance, and the custodian provider Liminal, but the court stated it could not intervene in the absence of a clear regulatory framework. WazirX has proposed a restructuring plan to return 85% of the stolen funds and issue recovery tokens for the remaining portion.

ChainCatcher news, according to unchained, the U.S. Department of Justice (DOJ) stated in a memorandum that it will re-examine a practice: how to compensate investors at a price lower than the current market value after digital assets are seized in cases involving fraud and theft.The memorandum mentioned that the DOJ focused on some high-profile bankruptcy cases in 2022, including FTX, Voyager Digital, Celsius Network, Genesis Global, BlockFi, and Gemini Trust. Although not all of these bankruptcy cases involved criminal charges, the DOJ pointed out that many of them resulted in investor losses of digital assets due to "fraud and theft." Additionally, the DOJ noted that the value of these digital assets has significantly increased in the following years.However, the court's approach is not intended to cause suffering to creditors. The issue is that current U.S. bankruptcy regulations stipulate that seized assets should be returned to victims at the dollar value at the time the fraud occurred. While this may seem unfair, experts indicate that there are important reasons behind this rule, and changing it could be very difficult.

ChainCatcher news, encrypted KOL EnHeng posted on platform X, expressing gratitude for receiving $100,000 support from Binance co-founder Zhao Changpeng. The first phase of funding aimed at victims of the SOL chain-based Argentina token rug has been fully completed, with all operations traceable on-chain.As there is still $30,000 unused, EnHeng has decided to return the original amount to Zhao Changpeng for continued development of the BNB Chain.It is reported that this funding has supported the meal expenses of over 800 university students and the treatment of cancer patients.EnHeng stated: "Doing charity is not a show, but a long-term value. Openness, transparency, and responsibility are the bottom lines I always adhere to."Previously, the Argentina presidential token rug incident caused many crypto users to suffer losses. To help the affected users, EnHeng decided to donate $50,000 and accepted donations through a BSC address. EnHeng expressed that this aid is a transmission of hope, encouraging everyone to help those in distress and provide them with more courage and strength.Binance co-founder Zhao Changpeng commented under EnHeng's tweet, expressing support and sponsoring 150 BNB (approximately $100,000).

ChainCatcher news, according to News.bitcoin, the U.S. Department of Justice (DOJ) announced on March 21 that $7 million in proceeds from a cryptocurrency investment fraud scheme has been recovered, and victims are now being invited to submit petitions to have the funds returned.Authorities stated: "These fraudulent websites mimic legitimate cryptocurrency investment platforms, but they funneled victims' funds to the perpetrators through more than 75 bank accounts opened in the names of shell companies." Victims were misled into believing that the value of their investments was increasing, but in reality, the profits were fabricated.After laundering the funds through a series of complex domestic and international transactions, the criminals ultimately transferred the money overseas. In June 2023, the U.S. Secret Service seized funds from a foreign bank account, prompting the DOJ to file a civil forfeiture lawsuit.After a claim was made by the foreign bank, both parties reached a settlement, resulting in the $7 million being forfeited to the United States.

ChainCatcher news, according to Cointelegraph, securities regulators in Alberta and New Brunswick, Canada, have warned that crypto scammers are exploiting trade war panic by using fake news articles and images of government figures to profit.The Alberta Securities Commission stated in a warning on March 7 that a crypto investment scam named "CanCap" has been impersonating news articles from the Canadian Broadcasting Corporation (CBC) and falsely claiming endorsement from then-Prime Minister Justin Trudeau. The regulator said, "The false articles claim that the Prime Minister is responding to U.S. tariffs and supports an investment plan involving digital currency."The New Brunswick Financial and Consumer Services Commission also warned on March 5 that CanCap used fake news articles claiming that New Brunswick Premier Susan Holt supports the platform, including fabricated interview records with Holt and altered photos with CBC.Regulators noted that scammers are increasingly exploiting current events to prey on the fears of potential victims and are using artificial intelligence to forge endorsements and generate content to make the scams appear legitimate.They added that scammers can quickly change the names and appearances of their schemes, having already used names like "CanCentra" and "Immediate Flectinium," linking them to at least six other different domain websites.

ChainCatcher news, according to a report by Cryptoslate, based on a press release from February 13, the Federal Bureau of Investigation (FBI) has helped thousands of victims avoid losses of hundreds of millions of dollars by combating cryptocurrency investment fraud through "Operation Level Up." The program aims to proactively identify and intervene in scam traps, having saved over 4,300 potential victims and prevented approximately $285 million in losses.The FBI tracks fraudulent activities in real-time, directly contacting victims to stop fund transfers, and addresses the emotional trauma of victims by providing necessary psychological support. The FBI urges the public to be vigilant against unsolicited investment opportunities, especially in cryptocurrency, and is committed to gathering intelligence to dismantle fraud crime networks.According to the FBI's Internet Crime Complaint Center (IC3), losses from cryptocurrency investment fraud reached as high as $3.9 billion in 2023, with global losses from "pig butchering" scams amounting to $3.6 billion in 2024, and the actual losses may be even higher. An average of 3,200 cryptocurrency fraud complaints are submitted to the IC3 each month.

ChainCatcher news, Slow Mist's Yu Sen stated in a post on X that the group theft incident disclosed by GoPlus today involves over 800 tokens on multiple Ethereum Virtual Machine (EVM) compatible chains, with the attacker having profited $1.24 million.It is worth noting that he pointed out that the victims are primarily from the "yield farming group" (participants active in multiple project airdrop tasks).

ChainCatcher news, WazirX has received approval from a Singapore court to repay $235 million to victims of a hacking incident.The restructuring plan was proposed by WazirX's parent company, Zettai, aiming to recover creditors through a court-supervised process and avoid liquidation. WazirX estimates that users can recover 75% to 80% of their account balances through token distribution.According to the court hearing, there is no evidence that WazirX was at fault or acted improperly during the cyber attack.WazirX will initiate a user voting process, expected to be completed within three months, along with an independent third-party audit. If the majority votes in favor, the plan will be implemented, and net liquid assets will be allocated to users based on their claims within 10 days, including any profits generated during the bull market.

ChainCatcher news, according to Cointelegraph, the company The Giving Block, which collaborates with non-profit organizations to promote cryptocurrency donations, has launched an emergency fundraising campaign for the victims of the wildfires in Los Angeles, Southern California.Ben Pousty, Chief Operating Officer of The Giving Block, stated that the goal of this fundraising campaign is to raise $2 million, and Jared Isaacman, CEO of The Giving Block's parent company Shift4, will donate $1 million to the charity. Since its inception, its platform has raised approximately $200 million in cryptocurrency donations.

ChainCatcher news, Indian cryptocurrency exchange CoinSwitch has announced the launch of a ₹6 billion ($69.9 million) WazirX hacker recovery fund.The company's recovery fund "CoinSwitch Cares" aims to assist WazirX users who suffered financial losses due to the alleged cyber attack in July 2024. As part of the initiative, CoinSwitch will distribute funds to affected users over the next two years, aiming to promote the Indian crypto ecosystem.

ChainCatcher news, according to Cointelegraph, prosecutors in the United States responsible for overseeing the criminal case against Do Kwon, co-founder of Terra form Labs, estimate that after the collapse of the Terra ecosystem, Kwon may have caused over one million victims worldwide. On January 6, Daniel Gitner, the acting U.S. Attorney for the Southern District of New York, notified the court in a filing about the procedures for informing Kwon's victims of their rights in the criminal case. According to the U.S. Attorney, the government will establish a website for the public procedures regarding the Kwon case, as other methods of providing rights protection for victims are "impractical."Gitner stated, "Given the enormous volume of transactions involving Terraform cryptocurrency and the manner in which these transactions occurred (many of which were conducted on foreign exchanges through digital asset wallets or cryptocurrency trading accounts without personal identification information), while it is difficult to precisely quantify the number of Kwon's victims, the government estimates that the number of victims in this case exceeds hundreds of thousands of individuals and entities, and may total over one million."Previous news indicates that Kwon is expected to appear in court again on January 8.

ChainCatcher news, according to Cointelegraph, the police department of Hanoi, Vietnam, has prevented 300 potential victims from investing in a meticulously designed cryptocurrency scam that has defrauded approximately 10 billion Vietnamese dong (about 1.17 million USD) from around 100 businesses and 400 individuals.It is reported that the Hanoi police have arrested individuals associated with Million Smiles Company, which orchestrated an illegal and fraudulent cryptocurrency investment scheme targeting Vietnamese citizens, promoting its internal cryptocurrency QFS (Quantum Financial System) and linking it to ancestral treasures and spiritual claims through deceptive advertising.

ChainCatcher news, according to Cryptonews, the French Financial Markets Authority (AMF) reports that cryptocurrency-related scams are the main cause of approximately 500 million euros in losses for victims each year. French authorities are strengthening cooperation with the Paris Public Prosecutor's Office, the Financial Regulatory Authority (ACPR), and the Directorate General for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) to address this issue.The AMF points out that the scale of scams remains enormous. In particular, scams triggered by social media, influencers, and identity theft, where scammers deceive the public through deepfake videos, fake news, and impersonation of government agencies.

ChainCatcher News: U.S. Attorney Tessa M. Gorman announced that victims of business email compromise (BEC) who lost millions of dollars may be compensated due to the swift actions of the U.S. Secret Service and the asset forfeiture division of the U.S. Attorney's Office. In December 2023, a company engaged in real estate transactions reported that its system had been breached, with scammers stealing over $1 million by submitting fraudulent wire transfer instructions.Investigations revealed that at least ten other businesses or individuals were also victimized, with losses ranging from $75,000 to $425,000. The funds obtained from these scams were laundered through multiple bank accounts, some of which were held by "money mules," and were subsequently consolidated into a cryptocurrency wallet controlled by Nigerian scammers.Law enforcement acted quickly, seizing approximately 32.68 bitcoins from the scammers' cryptocurrency wallet, valued at around $900,000 at the time. The U.S. Attorney's Office subsequently filed a civil forfeiture lawsuit for the seized bitcoins. Since the seizure, the price of bitcoin has more than tripled. Due to the increase in bitcoin prices, ten victims who have filed claims may receive full compensation.

ChainCatcher message, Scam Sniffer disclosed on the X platform that two victims recently lost 272 SOL due to a Solana address poisoning attack. The same fraudster has caused over 3.1 million dollars in losses through Solana address poisoning attacks in the past month.

ChainCatcher News, U.S. securities regulators have charged a fraud ring, accusing them of impersonating U.S. securities brokers and investment advisors, and defrauding at least $2.9 million through fake websites and phone scams.Since 2019, the group has posed as employees of well-known U.S. securities firms, promising monthly investment returns of 15%-25%. The group instructed investors to open accounts with brokerage firms and cryptocurrency trading platforms to purchase crypto assets, which they then misappropriated. The defendants also directed investors to fake online investment platforms they created, displaying fictitious high returns on these platforms.The victims of this case are primarily U.S. residents, with at least 28 victims and total losses amounting to $2.9 million.

ChainCatcher news, David Sacks, the crypto chief appointed by Trump, tweeted that there are too many stories of victims harmed by "Operation Choke Point 2.0" that need attention.Previously, Trump clearly stated during his campaign that if elected, he would immediately terminate the regulatory action known as "Operation Choke Point 2.0" to ensure that the banking system can provide a fair service environment for crypto businesses.

ChainCatcher news reports that, according to the U.S. police, a Florida man impersonated billionaire Elon Musk on Facebook and scammed over $250,000 from an elderly woman.Earlier this week, police arrested 56-year-old Jeffrey Moynihan, Jr. on charges of grand theft. The Bradenton Police Department stated that financial records show the victim, a woman from Texas, sent at least $250,000 to Moynihan's company in Florida. The victim's husband further told police that she had sent a total of "about $600,000" to Moynihan.Bradenton police said they arrested Moynihan at his home on November 19, noting that the real Elon Musk was likely busy with the sixth SpaceX Starship test flight that day.Police stated that the 74-year-old victim became friends on Facebook with an account named "Elon Musk" in 2023. The woman communicated with the fake account for "months," during which the impersonator encouraged her to invest in his business.The "fake Musk" promised the woman a $55 million return on her investment. However, police indicated that the money went directly into Moynihan and his company "Jeff's Painting and Pressure Washing, LLC" bank accounts.In body camera footage released by the police, Moynihan questioned why they had issued an arrest warrant when he was taken into custody. He asked in the video, "Grand theft? What did I steal?" It is currently unclear whether Moynihan has hired a lawyer. The Bradenton Police Department has not yet commented on this matter.

ChainCatcher news, South Korean virtual asset exchange Upbit announced that it has refunded approximately 8.5 billion won (about 6.07 million USD) to around 380 victims of telecom fraud. The operator Dunamu utilized a real-time abnormal transaction monitoring system (FDS) to freeze the affected funds and collaborated with the Seoul Metropolitan Police Agency to advance the refund process. In February of this year, refunds of about 5 billion won were made to 246 victims, and this time an additional 3.5 billion won was refunded to 134 victims.Upbit stated that it will continue to strengthen monitoring and collaboration to protect user assets from telecom fraud.

ChainCatcher news, according to the official announcement, the SEC will distribute over $4.6 million to investors harmed by BitClave (PTE Ltd.'s unregistered digital asset securities ICO). After the notification and claims process, investors will now receive their respective shares from BitClave, and checks have started to be sent out.This payment is part of the settlement that BitClave agreed to pay in 2020, after the SEC charged the search engine with failing to register its 2017 ICO as a securities offering. In 2020, BitClave agreed to compensate approximately 9,500 investors who purchased its $25.5 million ICO three years prior. BitClave did not admit to any wrongdoing but committed to returning the $25.5 million raised from the ICO and paying an additional $4 million in penalties.