Search
Brazilian Judge Ends Inquiry Into Bitcoin Ponzi Scheme Mastermind’s Death
17.8.2024
A Brazilian federal judge has ordered criminal charges against Johann Steynberg, the late CEO of the bitcoin trading platform Mirror Trading International (MTI), to be dropped after a police investigation confirmed reports of his death. The order was handed down by Judge Silvio Gemaque, who said...
Feds bust $73M crypto scam, arrest two masterminds
18.5.2024
The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds
New Zealand Police Seize Residential Property and Cash Owned by Fugitive Former Luxembourg Spy and Onecoin Adviser
30.1.2024
A residential property in Wellington, New Zealand and more than $282,000 belonging to an adviser of Onecoin mastermind Ruja Ignatova was recently seized by the police. Detective Inspector Christiaan Barnard said his organization has no reason to believe that Onecoin masterminds are hiding in...
SEC Charges Two Masterminds Behind $1.9 Billion HyperFund Crypto Ponzi Scheme
30.1.2024
The US Securities and Exchange Commission (SEC) has charged two masterminds behind the $1.9 billion crypto fraud investment scheme HyperFund. The regulator has indicted Australian blockchain entrepreneur Sam Lee and HyperFund promoter Brenda Chunga for their involvement in the Ponzi scheme....
Estonian Government Approves Extradition of Crypto-Fraud Accused Duo to the US, Again
27.1.2024
The Estonian government has once again approved the extradition of the two alleged masterminds behind the Hashflare crypto mining Ponzi scheme to the United States. According to a local news report, the government has met the conditions for the men’s extradition set by the Tallinn Circuit Court....
Taiwanese Crypto Exchange ACE Founder, Employees Arrested Over Fraud Allegations
5.1.2024
Source: Pixabay Taiwan’s leading crypto exchange ACE and its masterminds have been accused of making false claims around speculative token listings to defraud investors. The local city police on Wednesday conducted multiple raids, arresting ACE founder David Pan, and co-conspirator Lin Nan. A total...
Indian Law Enforcement Arrest Key Player in GainBitcoin Scam Year After Mastermind’s Death
19.12.2023
Source: Pexels The Directorate of Enforcement (ED) has arrested Simpy Bhardwaj aka Simpy Gaur, wife of Ajay Bhardwaj in the ongoing money laundering investigation in the country’s largest crypto ponzi scam GainBitcoin. The main accused Ajay Bhardwaj and Mahender Bhardwaj managed to escape...
South Korean Police Shut Down ‘170-victim Robot-themed Crypto Scam’
28.11.2023
Source: DrArt/Adobe Police in South Korea have arrested a group of people they suspect of duping 170 “crypto investors” – by posing as cryptoasset-issuing robot developers. Per Joongang Ilbo, the Jeonnam Police Agency, officers made at least two arrests, with a 63-year-old and a 36-year-old charged...
Chinese Court Hands 6-Year Prison Terms to Masterminds in $300 Million USDT Money Laundering Case
2.11.2023
The Tongliang Court in China handed down sentences to 21 individuals, including key figures in a $300 million USDT money laundering case. The massive crypto money laundering case, which spanned from November 2020 to late April 2021, revolved around the actions of the primary defendants, Jiang...
JPEX scandal masterminds still at large as 11 suspects taken into custody: Report
25.9.2023
Hong Kong police said the leaders of the JPEX crypto exchange are still at large and are now enlisting the help of Interpol to track them down
UK Court Slaps Telecoin Crypto Scam Masterminds With 6-Year Jail Terms
31.7.2023
Two masterminds of the Telecoin cryptocurrency scam will each serve more than six years in jail after a court in the United Kingdom found them guilty of fraud. According to Lee Parish, the detective chief inspector, the duo used the allure of crypto investment to dupe prospective investors....
Aussie Crypto Scammers Charged in $5.5 Million Fraud Case, $600K Ferrari Among Seized Luxury Vehicles
24.6.2023
Authorities in Australia have charged two individuals accused of operating a cryptocurrency scam that defrauded two companies of $5.5 million. Luxury vehicles worth $2.7 million including a $600,000 Ferrari have been seized by law enforcement. Ferrari Seized From Car Dealer Australian authorities...
$178M Brazilian ‘Crypto Scam Ring’ Flees Abroad – Where Did Masterminds Go?
11.4.2023
The Brazilian operators of a suspected crypto scam reportedly fled the country just before the police launched a probe into the company behind the project.
Police think that the company raised some $178 million in investments from around 7,500 people.
The Brazilian media outlet Livecoins reported...
Report: Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam
14.3.2023
The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the police said domestic and foreign currency valued at $194,000 was recovered during the arrests....
Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges
16.1.2023
On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates....
South Korean Kok Play Token Masterminds Reportedly Face Prosecution Probe, Investors 'Must Escape Now'
19.8.2022
South Korean prosecutors are reportedly set to investigate the company behind an Ethereum (ETH)-based altcoin named Kok Play over allegations of fraud.
The coin is, per its white paper, the brainchild of the Kok Foundation, and has been listed on a number of large international crypto exchanges....
Brazilian Judge Dismisses Bitcoin Scam Mastermind’s Attempt to Block His Extradition to South Africa
9.6.2022
A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann...
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million
12.5.2022
Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts. Liquidators’ Influence Liquidators of the South African...
Kenyans Lose Millions of Dollars to yet Another Cryptocurrency Scam: Bitstream Circle
20.3.2022
The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals....