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Nalezeno "Crypto fraud": 418

UK High Court Grants Worldwide Freezing Order Against Craig Wright

6.7.2024
The UK High Court has granted a Worldwide Freezing Order (WFO) against Craig Wright, amounting to £1.548 million (approximately $1.98 million). This decision stems from Peter McCormack’s application, which argued for the necessity of the WFO due to Wright’s fundamentally fraudulent...

Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud

5.7.2024
The Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and cryptocurrency scams. Nearly half of the 1,332 consumer...

CFTC Wins Case Against Crypto Fund Operators

4.7.2024
The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment...

Consensys acquires Wallet Guard to enhance MetaMask security

3.7.2024
Consensys integrates Wallet Guard to boost MetaMask’s security, aiming to drive user fund losses to zero amid rising Web3 threats

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...

US Offers $5 Million Reward for Information Leading to Onecoin Founder Ruja Ignatova

26.6.2024
The U.S. government has announced a $5 million reward for information leading to the arrest or conviction of Ruja Ignatova, the Onecoin co-founder who is wanted for orchestrating one of the largest global fraud schemes. Ignatova has been a fugitive since 2017 after Onecoin defrauded investors...

FBI Warns of Fake Firms Promising to Recover Lost Cryptocurrencies

25.6.2024
The Federal Bureau of Investigation (FBI) has alerted the public to “an emerging criminal tactic” targeting investors who have already fallen victim to cryptocurrency scams and seek to recover their lost funds. These fraudsters often claim to be authorized by the FBI, Consumer Financial...

Prime Suspect in $2.2M Crypto Fraud Faces Up to 20 Years in Prison

23.6.2024
The U.S. Department of Justice (DOJ) announced on Friday that Robert Wesley Robb, 46, from Colorado, pled guilty to wire fraud for deceiving investors with false promises about a Maximum Extractable Value (MEV) cryptocurrency trading bot. Robb solicited investments via social media, claiming high...

1inch partners with Blockaid to combat DeFi fraud and cyber threats

20.6.2024
Blockaid CEO Ido Ben-Natan told Cointelegraph that the product allows developers to integrate the solution through an API, avoiding the need to develop security measures from scratch

Cop intercepts $40,000 Bitcoin ATM scam by Chase Bank impersonator

20.6.2024
The officer intervened during the Bitcoin ATM deposit, preventing the victim from depositing more funds to the machine

Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments

20.6.2024
The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of...

Indian Authority Busts Cryptocurrency Fraud Ring Targeting Foreign National

9.6.2024
India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The ED seized digital evidence, froze fixed deposits...

AI-driven crypto crime is only just beginning — Elliptic report

7.6.2024
Elliptic’s 2024 report exposes how AI is increasingly used for sophisticated crypto crimes, from deepfake scams to state-sponsored cyberattacks, signaling that these threats are just beginning

NY Attorney General sues crypto trader NovaTech, claims $1B fraud

6.6.2024
Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges

Ukrainian Police Bust International Crypto Fraud Ring, 14 Arrested

5.6.2024
Ukrainian authorities have dismantled a criminal ring defrauding citizens across Ukraine, Moldova, Kazakhstan, and the European Union through deceptive call centers promising lucrative cryptocurrency investments. The National Police of Ukraine detained 14 suspects, including the alleged organizers...

Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme

2.6.2024
Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by promising high returns from cryptocurrency...

Estonian Nationals Extradited to US for $575M Crypto Fraud

1.6.2024
Two Estonian nationals have been extradited from Estonia to the U.S. to face charges for their roles in “a massive multi-faceted cryptocurrency Ponzi scheme,” according to an announcement by the U.S. Department of Justice (DOJ). Sergei Potapenko and Ivan Turõgin are accused of operating...