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Gamestop Whale Roaring Kitty Sued for Securities Fraud
1.7.2024
Keith Patrick Gill, also known as “Roaring Kitty,” an investor in Gamestop stock, has been sued in the Eastern District of New York for allegedly committing securities fraud. The lawsuit alleges that Gill, using social media posts on X and Reddit, orchestrated a pump-and-dump scheme...
Roaring Kitty faces securities fraud claims in ‘doomed’ GME lawsuit
1.7.2024
Keith Gill is facing a new class-action lawsuit stemming from his recent social media posts. However, a lawyer says the case is likely “doomed” to fail
Malicious Crypto Wallet App Submitted to Apple Store Leads to Fraud Charges
29.6.2024
The U.S. Department of Justice (DOJ) announced on Wednesday that Nikita Andreevich Sklyuev, also known as Valeriy Dorojkin, has been extradited from Ukraine and arraigned in Buffalo, NY, on charges of wire fraud and fraudulent use of an unauthorized access device. Sklyuev is accused of submitting...
Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024
29.6.2024
Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across...
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...
Tron Founder Justin Sun Wins Landmark Defamation Case Against Chinese Media Group
27.6.2024
A court in China has ruled in favor of Justin Sun in his defamation lawsuit against the Chongqing Business Media Group. In its verdict, the court stated that claims of Sun’s involvement in insider trading, fraud, and money laundering were “entirely unsubstantiated.” The Chongqing...
Binance enforces stricter measures against account misuse
27.6.2024
The platform encourages users to report any suspected incidents of misuse and offers a reward for verified cases
Crypto losses to deep fakes could reach $25B in 2024 — Bitget
27.6.2024
Criminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022
Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud
27.6.2024
In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices...
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...
Join the premier Fraud, Asset Tracing & Recovery conference in Miami this October
24.6.2024
The American Conference Institute (ACI) is proud to announce the upcoming Fraud, Asset Tracing & Recovery – Miami Conference, taking place on October 24-25, 2024, at the prestigious Hotel AKA Brickell. This highly anticipated event is set to be the networking highlight of the year for senior...
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...
Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports
21.6.2024
Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft...
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...
Unlicensed Crypto Business Leads to Indictments in Utah
20.6.2024
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal...
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
17.6.2024
The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit...
Trader claims to lose $310K on dodgy exchange pitched in LinkedIn request
14.6.2024
The investor said they learned about the exchange from a “random friend request on LinkedIn.”