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Scammed: Korean Police Bust $232M Fraudulent Crypto Scheme, Youtube Star at Center
14.11.2024
South Korean police arrested 215 individuals, including a Youtube influencer, for their role in perpetrating a $232 million crypto scam. 28 Fraudulent Digital Assets Issued The South Korean police recently arrested 215 individuals implicated in a virtual assets scam that fleeced approximately $232...
FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ
11.11.2024
The estate argued that Sam Bankman-Fried’s $1.75 billion repurchase deal with Binance in July 2021 was a fraudulent transfer because of FTX’s insolvency
CLS Global Clarifies Position Amid SEC, FBI, DOJ Takedown of Fraudulent Crypto Firms
7.11.2024
In response to recent actions by a U.S. prosecutor and the U.S. Securities and Exchange Commission (SEC) against…
MEV bot scam rides AI hype to return under new name, says SlowMist
15.10.2024
Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy
SEC, FBI, DOJ coordinate takedown of 4 fraudulent crypto firms
9.10.2024
A complex set of overlapping companies, individuals and alleged crimes have been tackled by US federal authorities
SEC, FBI, DOJ coordinate takedown of fraudulent crypto firms
9.10.2024
A complex set of overlapping companies, individuals and alleged crimes were tackled by US federal authorities
Revolut prevents $13.5M of ‘potential fraud transactions’ in crypto
8.10.2024
Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”
SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting
10.8.2024
The Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for rigorous compliance with federal securities laws
Peter Schiff Slams Bitcoin as Fraudulent Investment
11.7.2024
Peter Schiff has increased his earlier complaints to describe Bitcoin as a ‘fraud. ‘ He says this is due to the comparison of the digital currency to traditional precious metals such as gold and silver. He thinks the cryptocurrency requires constant funding for its mining and promotion...
SEC Revokes Lufkin Advisors’ Registration Amid Fraudulent Crypto Activities
28.6.2024
The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin Advisors engaged in fraudulent activities, including...
Microsoft India X Account Hijacked by Crypto Scammers
5.6.2024
Cryptocurrency scammers recently hijacked the official Microsoft India X account, which boasts over 211,000 followers, to impersonate Roaring Kitty, the pseudonym of well-known meme stock trader Keith Gill. Microsoft India’s X account, marked with a gold check indicating official...
Texas Issues Emergency Cease and Desist Against Arkbit’s Crypto Operations
30.5.2024
The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns...
Hong Kong Cracks Down on Fake Crypto Exchange Allegedly Linked to Elon Musk
8.5.2024
The Hong Kong Securities and Futures Commission (SFC) has warned the public regarding Quantum AI, an entity allegedly engaged in fraudulent activities related to virtual assets and deceiving the public by impersonating Elon Musk.
The post Hong Kong Cracks Down on Fake Crypto Exchange Allegedly...
Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong
8.5.2024
A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services
India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud
1.5.2024
The CBI in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme.
The post India’s CBI Conducts Nationwide Search Operation in Crackdown on App-Based Crypto Investment Fraud appeared first on Cryptonews
Brooklyn District Attorney Seizes 21 Web Domains Linked to ‘Pig Butchering’ Scams
5.4.2024
The Brooklyn District Attorney's office has seized 21 web domains associated with fraudulent cryptocurrency investments.
The post Brooklyn District Attorney Seizes 21 Web Domains Linked to ‘Pig Butchering’ Scams appeared first on Cryptonews
Google Files Lawsuit Against Crypto Scammers for Launching Fraudulent Apps on Google Play
4.4.2024
Google has filed a lawsuit against a group accused of defrauding more than 100,000 individuals worldwide by uploading fraudulent investment and crypto exchange apps to Google Play.
The post Google Files Lawsuit Against Crypto Scammers for Launching Fraudulent Apps on Google Play appeared first...
Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps
4.4.2024
The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."
Sophisticated Email Phishing Targets Bankrupt Crypto Firms’ BlockFi, FTX Creditors
25.3.2024
FTX and BlockFi claimants received legit-looking fraudulent emails luring them with a promise of instant withdrawals of their remaining balances.
The post Sophisticated Email Phishing Targets Bankrupt Crypto Firms’ BlockFi, FTX Creditors appeared first on Cryptonews
San Diego Federal Court Denies Silvergate’s Dismissal Motion in FTX Fraud Case
22.3.2024
The San Diego federal court has ruled that Silvergate Bank must face a class-action lawsuit filed by FTX users which alleges that the bank aided the exchange and Alameda Research in fraudulent activities.
The post San Diego Federal Court Denies Silvergate’s Dismissal Motion in FTX Fraud Case...