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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...
Former banker sentenced to 41 months for crypto fraud
30.5.2024
Rashawn Russell, a former Deutsche Bank executive, also intended to commit fraud with stolen bank cards
NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report
30.5.2024
The US Treasury findings highlighted several potential risks and security concerns and challenges involved in NFTs.
The post NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report appeared first on Cryptonews
Romance and crypto scams surge on Canadian dating apps
29.5.2024
Canadian authorities warn against discussing cryptocurrency investments with online matches, advising that such conversations should be considered a red flag
Ex-Kansas Bank CEO Pleads Guilty to Embezzling $47M in Crypto Scheme
24.5.2024
Now-failed Heartland Tri-State Bank CEO Shan Hanes squandered millions in cryptocurrency, leading to the bank’s failure in July 2023.
The post Ex-Kansas Bank CEO Pleads Guilty to Embezzling $47M in Crypto Scheme appeared first on Cryptonews
South Korean Police Arrest 19 in ‘Reading Room’ Crypto Fraud Bust
24.5.2024
South Korean police have arrested 19 people on fraud charges in a swoop on a social media “crypto reading room.”
The post South Korean Police Arrest 19 in ‘Reading Room’ Crypto Fraud Bust appeared first on Cryptonews
ESET And Dutch Police Uncover Ebury Botnet’s Crypto Theft Operation
23.5.2024
The Dutch authorities and Slovakian cybersecurity company ESET discovered a significant cryptocurrency theft connected to the infamous Ebury botnet. This botnet poses a serious threat to the industry because it has hacked more than 400,000 systems in the last 15 years.
The post ESET And Dutch...
Major Crypto Exchanges Launch ‘Tech Against Scams’ coalition to Combat Crypto Fraud
23.5.2024
Meta, Coinbase, Ripple, Kraken, Gemini, Match Group and the Global Anti-Scam Organization have partnered to launch a ‘Tech Against Scams’ alliance.
The post Major Crypto Exchanges Launch ‘Tech Against Scams’ coalition to Combat Crypto Fraud appeared first on Cryptonews
Binance helps Taiwan solve $6.2M crypto fraud
17.5.2024
Working with Binance, Taiwan prosecutors pieced together the evidence, resulting in the indictment of nine individuals for financial crimes, including money laundering and fraud
South Korean Police Officers on Trial in ‘Crypto Fraud Bribes’ Case
16.5.2024
Two South Korean police officers are standing trial over alleged bribery in an increasingly high-profile crypto fraud case.
The post South Korean Police Officers on Trial in ‘Crypto Fraud Bribes’ Case appeared first on Cryptonews
Taiwan proposes tougher AML measures for crypto service providers
9.5.2024
Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance
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
Six Arrested in Connection with Austrian Crypto Fraud Scheme, €2M Worth of Assets Frozen
8.5.2024
A joint operation involving national authorities from Austria, Cyprus, and the Czech Republic has led to the arrest of six individuals connected to an online scam related to the sale of rights or tokens for a supposed new cryptocurrency.
The post Six Arrested in Connection with Austrian Crypto...
South Korea to Make Temporary Crypto Investigative Unit Permanent
29.4.2024
South Korea is taking decisive measures to combat the surge in cryptocurrency-related crimes and fraud cases by moving to establish its temporary crypto investigative unit as a permanent entity.
The post South Korea to Make Temporary Crypto Investigative Unit Permanent appeared first on Cryptonews