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Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning
28.4.2021
Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely...
Turkey may establish central custodian bank following alleged fraud at two major exchanges
27.4.2021
Vebitcoin CEO Ilker Bas is reportedly in police custody, with Thodex owner Faruk Fatih Özer suspected to have fled to Albania
2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments
25.4.2021
Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with...
Four arrested after Turkish exchange Vebitcoin closes its doors
24.4.2021
The arrested employees, including directors, are suspected of fraud
Turkish police detain 62 over alleged $2B Thodex crypto exchange fraud
23.4.2021
After major Turkish crypto exchange Thodex abruptly halted trading amid fears of a possible exit scam, police have already detained 62 people across eight provinces and issued detention warrants for 16 more
National Court of Spain Takes the Investigation of the Alleged Ponzi Crypto Scheme Arbistar
23.4.2021
The investigation against an alleged major Spanish Ponzi crypto scheme will now be in charge of the National Court of Spain. A judge from the national legal instance is now taking the investigation of Arbistar after the inhibition of a judge in Tenerife. Economic Damages Could Reach Over $120...
Thodex Users File Complaints Alleging Fraud as CEO Flees the Country
22.4.2021
Turkish crypto traders have reportedly filed thousands of criminal complaints against local crypto exchange Thodex alleging fraud, while its head had reportedly fled the country.
The lawyer representing the users said that the complaints were filed after the users were unable to access their...
Crypto Fraud Reports in South Korea Surged Over 41% in 2020, Says Financial Watchdog
21.4.2021
Although bitcoin prices plummeted over the weekend, the overall bull-run remains alive, as well as the crypto-related fraud cases in South Korea. The latest figures by the domestic financial watchdog show that such incidents are still on the rise. Police to Dedicate a Special Unit to Investigate...
UK prosecutor expects crypto scams to increase, but numbers remain low for now
5.4.2021
Less than 1% of overall fraud cases relate to cryptocurrency, but that number could be rising in line with Bitcoin and the crypto market's ascension
iPhone user blames Apple for $600K Bitcoin theft via fake app
31.3.2021
Apple removed the fake Trezor app several times, but it kept appearing on the App Store days later
Editor At Japan's Biggest Game Publication Famitsu Arrested For Alleged Fraud
29.3.2021
Famitsu editor Eiichi Sato was arrested for alleged fraud. According to Asahi News, Sato is accused of pulling off an impersonation ruse to collect freelance fees for articles.Read more
Instagram Influencer Charged for Allegedly Stealing Millions of Dollars in Bitcoin From Followers
27.3.2021
A popular Instagram personality has been charged in the U.S., accused of stealing bitcoins worth millions of dollars from his followers. He allegedly convinced the “victims to sell him their bitcoin at attractive, but inflated, values” but he never wired them the money for the coins...
Instagram influencer charged over duping followers out of $2.5M BTC
25.3.2021
A social media influencer known for “cash giveaways” has failed to show the money in alleged Bitcoin wire fraud scheme
John McAfee’s Bodyguard Pleads Not Guilty in the $13M Crypto Fraud Case
25.3.2021
The legal tussle between the U.S. authorities and John McAfee continues as his associate Jimmy Watson has entered a plea. The former antivirus tycoon’s bodyguard has pleaded not guilty to the alleged cryptocurrency fraud case. McAfee and Watson Jr. Are Accused of Having Built a ‘Pump...
Study Finds Cryptocurrency Scams Surged 40% in 2020, Forecasts an Increase of 75% in 2021
19.3.2021
A new study revealed that cryptocurrency-related scams almost doubled over the last year. However, forecasts are not optimistic going forward, as the report forecasts another significant increase in the number of cases in 2021. Research Scanned Over 300 Million Websites According to...
SEC issues first ever charges over phoney ‘insider information’ on darknet
19.3.2021
The SEC has taken action against a Californian man for fraudulently offering insider stock trading tips on a darknet marketplace
Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms
18.3.2021
The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are fraudulent....
Former Pop Idol Arrested In Japan Over Fraud Allegations
16.3.2021
Former pop star Juna Yamada has been arrested for allegedly swindling money from a man she met through a dating site.Read more
Texas securities board takes action against hoax ‘Binance’-branded scheme
16.3.2021
The Texas State Securities Board has entered an emergency cease and desist order against a shape-shifting, fraudulent cryptocurrency scheme using the Binance brand to lure investors
Don't Click On Those Resident Evil Village Early Access Emails
11.3.2021
Lotta people want to play the game with the big lady! And scammers know this, so fake emails have been circulating inviting players to an early access beta which doesn’t actually exist. Enough emails that Capcom has sent out a warning email of its own.Read more