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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
Disgraced FTX Founder Sam Bankman-Fried is Being Transferred to California Prison
23.5.2024
Sam Bankman-Fried, sentenced to 25 years for financial fraud, is being moved to a federal correctional facility in California despite his request to stay in New York for appeal preparations.
The post Disgraced FTX Founder Sam Bankman-Fried is Being Transferred to California Prison appeared first...
South Korean Police Arrest 28 in Raid on ‘Crypto Investment Fraud Ring’
23.5.2024
South Korean police officers have arrested 28 people they suspected of orchestrating a crypto investment fraud ring.
The post South Korean Police Arrest 28 in Raid on ‘Crypto Investment Fraud Ring’ appeared first on Cryptonews
Crypto exchanges form ‘Tech Against Scams’ partnership to combat fraud
22.5.2024
Centralized exchanges led by Coinbase, along with Meta, Match, and Ripple Labs, have formed an educational group to prevent pig butchering scams
Hong Kong Police Arrest 100 Fraud Suspects and Recovers Over HK$180 Million
22.5.2024
Hong Kong police have arrested 100 individuals in a significant crackdown on fraud and money-laundering syndicates, recovering over HK$180 million (US$24.2 million) from 295 victims.
The post Hong Kong Police Arrest 100 Fraud Suspects and Recovers Over HK$180 Million appeared first on Cryptonews
Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
22.5.2024
Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient punishment of no more than 18 months. Clash Over...
Hong Kong Police Arrest Three in HK$5.1 Million Virtual Investment Talk Show Ticket Scam
21.5.2024
Hong Kong police have arrested three individuals linked to a fraud syndicate that allegedly defrauded at least 10 residents out of HK$5.1 million (US$653,900) by deceiving the victims into bidding for fake tickets to a virtual investment talk show with the intention of reselling them for...
Hong Kong Police Arrest Three in ‘Hell Money’ Cryptocurrency Scam
21.5.2024
Hong Kong police have arrested three men at a currency exchange shop in Tsim Sha Tsui, a major tourist area, for allegedly presenting “hell money” to a customer, leading the customer to transfer approximately HK$1 million ($128,206) worth of cryptocurrency in exchange for cash....
This Is (Hopefully) the Last CoinDesk Article to Mention Craig Wright
20.5.2024
He "is not nearly as clever as he thinks he is," says a U.K. Judge reviewing the Australian computer scientist’s many questionable legal maneuvers
New York AG reaches $2B settlement with Genesis ’for defrauded victims’
20.5.2024
The attorney general’s office filed a lawsuit against Genesis in October 2023 for allegedly defrauding investors through the Gemini Earn program
Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity
19.5.2024
Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit. Astonishingly, despite being tied to...
US Authorities Arrest Chinese Nationals Allegedly Behind Crypto Scam Network
19.5.2024
An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to launder at least $73 million tied to an international crypto investment scam, often known as “pig butchering.” Li and Zhang allegedly...
Feds bust $73M crypto scam, arrest two masterminds
18.5.2024
The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds
Crypto personality pleads guilty to fraud after promising 60% 'fictitious' returns
18.5.2024
The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a "fictitious" cryptocurrency” wallet after promising significant gains
Ontario ‘Crypto King’ Faces Major Fraud and Money Laundering Charges
18.5.2024
The Ontario Securities Commission (OSC) announced on May 15 that two Ontario residents have been charged with offenses under the Criminal Code of Canada as part of Project Swan, a joint investigation by the Durham Regional Police Service (DRPS) and the OSC. Aiden Pleterski, self-proclaimed...
Ontario ‘Crypto King’ Faces Major Fraud and Money Laundering Charges
18.5.2024
The Ontario Securities Commission (OSC) announced on May 15 that two Ontario residents have been charged with offenses under the Criminal Code of Canada as part of Project Swan, a joint investigation by the Durham Regional Police Service (DRPS) and the OSC. Aiden Pleterski, self-proclaimed...
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
$25M Sophisticated Ethereum Blockchain Exploit Leads to Arrests in US
17.5.2024
The U.S. Department of Justice (DOJ) has indicted two brothers for wire fraud and money laundering. They allegedly exploited the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds. Using sophisticated techniques, they manipulated transactions and concealed their...
'Crypto King' Aiden Pleterski faces fraud, money laundering charges
16.5.2024
Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation