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Jailed crypto scammers blew stolen funds on shark tank, hookers: Report
24.10.2024
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers
South Korean ‘Crypto Fraudsters’ ‘Duped Financier Out of $4.1m’
26.3.2024
Suspected South Korean crypto fraudsters allegedly fooled a wealthy financier into parting with over $4.1 million, the nation’s police force said on March 25.
The post South Korean ‘Crypto Fraudsters’ ‘Duped Financier Out of $4.1m’ appeared first on Cryptonews
South Korean Police Shut Down ‘International Crypto Fraud’ Ring, Freeze $1.2m
8.11.2023
Source: Maksim Shmeljov/Adobe South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49. Newsis reported that the Cyber Investigation Department of the Seoul Metropolitan Police Agency has “arrested a total of 49 people...
Brazilian Police to Auction Assets Seized from Suspected Crypto Fraudsters
11.7.2023
Police in Brazil have announced plans to auction off assets seized from Trust Investing, a suspected crypto-themed financial pyramid operator.
Per the media outlet Portal do Bitcoin, a Federal Court in Campo Grande granted the authorities the right to auction off “seven luxury cars,” including...
Brazil: Suspected Braiscompany Crypto Fraudsters Detained in Argentina
27.6.2023
Three suspected Brazilian crypto fraudsters have been detained while trying to flee to Argentina – as police continue to probe the troubled Braiscompany.
In March, a number of suspected employees were filmed apparently emptying the firm’s São Paulo premises under cover of night.
In May, police...
Crypto Fraudsters Bait Victims with Promises of Free ETH and Rolex Watches
7.11.2022
The ringleaders of a South Korean crypto fraud ring that sucked victims in with promises of Rolex watches and etheruem (ETH) giveaways have been sentenced to jail.
Money Today reported that three individuals were sentenced at a branch of the Seoul Central District Court’s Criminal Division...
S Korean Police Shut Down $472,000 Group Chat-based Crypto Fraudsters
1.11.2022
South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims.
MBN Money reported that the Incheon Metropolitan Police Agency explained that it had arrested three men...
Crypto Fraudsters Preying on Japanese Social Media & Chat App Users
24.10.2022
Crypto-related crime continues to rise in Japan – where a media outlet has recounted how two men in their thirties were stung by chat app-based crypto fraudsters running a bogus crypto exchange....
Read More: Crypto Fraudsters Preying on Japanese Social Media & Chat App Users
Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds
15.7.2022
The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’...
7-Eleven Branch Workers Thwart Crypto Fraudsters
5.8.2021
Convenience store operators and workers who thwarted two separate crypto scams have been handed special awards by Japanese police.
According to Ryuku Shimpo, officers in Naha, Okinawa Prefecture, presented special letters of appreciation to a 54-year-old man named Katsuya Fujiwara and...
Despite the Crackdown, Crypto Fraudsters Still Run Amok in China
6.7.2021
Against all odds, crypto fraud is reportedly on the rise in China, where a massive crackdown on mining, trading and crypto brokerage services appears to have failed to deter those hoping to get rich quick from crypto-themed schemes.
Per the 21st Century Business Herald, a woman this month fell...
‘Intense Crackdown’ until End of June as Seoul Fights Crypto Fraudsters
21.4.2021
A new joint South Korean police-government-regulator crackdown on crypto-related fraud and multi-level marketing (MLM) fraudsters will be complete “by the end of June,” authorities stated, as Seoul moves to stamp out bogus and illicit crypto operators.
Per Seoul Kyungjae and the Segye Ilbo,...
Despite COVID-19 Scams, Crypto Fraudsters’ Incomes Fell 30% in March
11.4.2020
The average value of weekly transactions sent to the wallets of known scammers has taken a 30% hit since the start of March