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Hong Kong court rules for investors in JPEX cryptocurrency fraud case
30.10.2024
This was the first case against JPEX, which operated in Hong Kong without a license
Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal
23.10.2024
Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against false or misleading representations. The funds were...
Fake Coinbase Sites Steal $20M — How Indian Man Led the Massive Crypto Fraud
19.10.2024
A cryptocurrency scam targeting Coinbase users has resulted in a significant theft of over $20 million. An Indian national, Chirag Tomar, was sentenced for orchestrating this scheme, where fake websites mimicking Coinbase led to victims surrendering credentials. U.S. authorities revealed...
Fake Coinbase website leads to $20M fraud, 5-year sentence
18.10.2024
A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence
Fake Coinbase website leads to $20M fraud, 5-year sentence
18.10.2024
A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence
US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
17.10.2024
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw...
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
FBI Warns of Ichcoin Targeting American Crypto Investors
5.10.2024
The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of money. Victims are led to believe their investments...
FBI seizes $6M from crypto scammers targeting US citizens
28.9.2024
Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized.
FBI seizes $6M from crypto scammers targeting US citizens
28.9.2024
Tether said it aided in recovering the stolen crypto by freezing the scammers’ wallets, which the FBI then seized.
Supreme Court of India YouTube channel hijacked to shill XRP
20.9.2024
India's Supreme Court YouTube channel fell victim to a Ripple and XRP scam, promoting fraudulent investments via a fake livestream
5 US States Settle With GSB Group Over Unregistered Crypto Sales
14.9.2024
Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting...
Indian Police Investigate Cryptocurrency Fraud Targeting Ex-Servicemen
12.9.2024
Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately $96,000) through a cryptocurrency scam since 2022. The ex-servicemen had invested their retirement...
Crypto scam livestreams deepfaked Tim Cook amid Apple iPhone 16 launch
10.9.2024
A deepfake of Apple CEO Tim Cook asked viewers to deposit crypto into a wallet address in a bid to pull off the common “double-your-money” scam
Crypto scammers deepfake Apple CEO Tim Cook amid iPhone 16 livestream
10.9.2024
A deepfake of Apple CEO Tim Cook asked viewers to deposit crypto into a wallet address in a bid to pull off the common “double-your-money” scam
FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023
9.9.2024
The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found
FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023
9.9.2024
The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found
Istanbul Police Arrest Omegapro Managers Over $4 Billion Crypto Fraud Scheme
8.9.2024
Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest of Swedish co-founder Andreas Szakacs. Omegapro, founded in 2018...