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Onecoin Co-founder Karl Sebastian Greenwood Sentenced to 20 Years in Prison
14.9.2023
One of the founders of the crypto pyramid Onecoin, British and Swedish national Karl Greenwood, has been sentenced to 20 years in prison in the United States. Greenwood was the architect of the scam’s multi-level marketing structure and served as Onecoin’s global master distributor. Cryptoqueen...
Gemini Earn users could recover all funds in new DCG remuneration scheme
13.9.2023
DCG suggests a new deal in Genesis bankruptcy, offering unsecured creditors 70%–90% baseline recovery; if approved, it would involve the renegotiation of a $630-million loan between Genesis and DCG
Thai authorities arrest five in 3,200-victim, $27M crypto scam
11.9.2023
Victims lost over $27 million worth of Thai bhat after investing in a fraudulent cryptocurrency investment platform
Ronaldinho denies part in alleged $61M crypto scam at congressional hearing
1.9.2023
The former pro soccer player said in a congressional hearing that his likeness was improperly used to market an allegedly fraudulent crypto scheme
Former NJ Officer Arrested for Alleged Crypto Scheme Targeting First Responders
24.8.2023
A former corrections officer from New Jersey has been arrested for targeting law enforcement and first responders in an investment scheme involving a digital token.
John DeSalvo, a 47-year-old resident of Marmora, New Jersey, allegedly created and promoted the Blazar Token in a bid to lure...
US Court Hands 3-Year Jail Sentence to Man Accused of Conspiring to Defraud Crypto Holders
23.8.2023
A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud scheme. SIM Swap Fraud Scheme A United States district...
Axie Infinity's play-to-earn 'scheme' alarms Phillippine National Police
17.8.2023
Playing crypto games can be riskier than investing in cryptocurrencies, according to the Filipino ACG, considering the ease with which gamers can lose their digital tokens and NFTs
Report: Brazilian Court Fines Mastermind of South African Bitcoin Ponzi Scheme
16.8.2023
A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg’s three-and-a-half-year sentence to a fine of just...
Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme
16.8.2023
A Chinese local court has started the trial in the case of Shenzhen Shikongyun (Space-Time Cloud) Technology, a major Filecoin mining firm, for an alleged $83.2 million pyramid scheme.
The ongoing trial in Pingnan County in the Guangxi autonomous region involves the company's four executives...
Mining service provider faces $100M lawsuit over pyramid scheme allegations in China
15.8.2023
Prosecutors alleged that the executives of a Filecoin mining project orchestrated an elaborate pyramid scheme and scammed the participants
Crypto Fraud Scheme Organizers Face Legal Action by CFTC in Florida, Louisiana, and Arkansas
13.8.2023
The Commodity Futures Trading Commission (CFTC) has taken legal action against four individuals and their organization, Fundsz, for their involvement in a fraudulent scheme related to cryptocurrencies and precious metals trading. ...
Read More: Crypto Fraud Scheme Organizers Face Legal Action...
Nigeria’s National Youth Scheme To Issue Blockchain-Based Certificates To Citizens
10.8.2023
The Nigerian government has unveiled plans to deploy blockchain technology to issue and verify all National Youth Service Scheme (NYSC) certificates.
At a policy gathering organized by the National Information Technology Development Agency (NITDA) to promote plans around the proposed National...
Prosecutors will still consider Sam Bankman-Fried's alleged campaign finance scheme at trial
8.8.2023
Rather than reinstating a count on campaign finance violations to SBF’s indictment, the Justice Department said it will consider the evidence as part of a wire fraud charge
Scottish Author Exposing Onecoin Cancels ‘Devil’s Coin’ Book Tour After Death Threats
7.8.2023
An author from Scotland has been targeted for her work to expose one of crypto history’s most notorious Ponzi schemes, Onecoin. Jennifer McAdam recently canceled book signings after receiving death threats for writing about the massive fraud and its ‘Cryptoqueen’ mastermind. Writer Cancels...
SEC Charges 18 Utah Defendants in $50M Crypto Fraud Scheme
3.8.2023
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Disgraced U.S. Congressman George Santos Involved Crypto in Nigerian Prince-Like Scheme: NYT
27.7.2023
A source told The New York Times that Santos and two others appeared to try a crypto-centric version of the classic Nigerian prince email scam
CFTC Files Complaint Against Clarksville Couple for $6 Million Digital Assets Scheme
26.7.2023
The Commodity Futures Trading Commission (CFTC) has filed a complaint against a couple in Tennessee who convinced people to pay into an investment pool called “Blessings of God Thru Crypto.”
The couple, identified as Michael and Amanda Griffis of Clarksville, Tennessee, defrauded more than...
CFTC charges Tennessee couple over 'Blessings of God Thru Crypto’ scheme
26.7.2023
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool
Maker Price Prediction as MKR Pumps 13% on Token Buyback Scheme – Can it Break This Key Resistance?
21.7.2023
Maker (MKR), the governance token of the Maker Decentralized Autonomous Organisation (DAO) and of the decentralized finance Maker Protocol behind the issuance of the DAI USD-pegged stablecoin, has pumped around 13% on Friday.
MKR/USD was last trading around $1140 per token, but went as high...
MakerDAO’s MKR Soars 28% in a Week as Token Buyback Scheme Goes Live
21.7.2023
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in a month, according to blockchain data