Search
New York Mayor urges state to abandon ‘stifling' BitLicense scheme
28.4.2022
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement
ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed
25.4.2022
The central banker compared crypto market dynamics to the 2008 financial crisis and called for extra regulation and taxes
Another 6 Members of Finiko Crypto Pyramid Arrested in Russia
23.4.2022
Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted dozens of searches as part of an ongoing investigation into the pyramid, which defrauded investors...
13 apps removed after researchers uncover Trojan crypto wallet scheme
30.3.2022
The scheme, which has been in operation since May 2021, targeted Chinese users through social media groups and fake websites
NFT Rug Pull: DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors
26.3.2022
The U.S. Department of Justice (DOJ) has charged two people allegedly behind a million-dollar non-fungible token (NFT) “rug pull” scheme. They abandoned the NFT project within hours after selling out, deactivated the website, and transferred over $1 million in crypto to the wallets...
Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme
26.3.2022
A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Bitclub Network Investor Pleads Guilty The U.S. Department of Justice (DOJ) announced Thursday that Gordon Brad...
Crypto Pyramid Busted in Russia, Losses Exceed $10 Million
24.3.2022
Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto...
Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in $722M Ponzi Scheme
24.3.2022
A former accountant is the latest associate of the notorious BitClub Ponzi scheme to plead guilty
US Justice Dept. Charges 2 in NFT Money-Laundering, 'Rug Pull' Scheme
24.3.2022
"They pulled the rug out from under the victims," law enforcement said of the creators of the Frosties NFT collection
Nepalese Police Investigate Actress Priyanka Karki for Possible Involvement in Crypto Scheme
22.3.2022
Nepalese actress and model Priyanka Karki is being questioned by the police after her picture was found in promotional material for a cryptocurrency scheme. “The investigation is still underway. We are trying to find out if the actress is involved in the crypto trading promotion or only...
Kenyans Lose Millions of Dollars to yet Another Cryptocurrency Scam: Bitstream Circle
20.3.2022
The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals....
US Justice Department Returns Stolen Bitcoin to Victim of Government Imposter Scam
16.3.2022
The U.S. Justice Department has seized bitcoin stolen from an elderly man in a government imposter scam and will be returning the cryptocurrency to him. “The fraudsters deceived the victim into believing his personal information had been used to facilitate a drug trafficking and money...
Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme
16.3.2022
Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high returns and a regular income to lure more victims....
Shanghai Police Bust $16M Crypto Pyramid Scheme
15.3.2022
The scheme was Shanghai's first cracked case of an online pyramid scheme using cryptocurrencies, according to the police
CFTC Brings Charges Against 4 Alleged Operators of $44M Bitcoin Ponzi Scheme
8.3.2022
Tuesday’s charges are just the latest in the CFTC’s efforts to regulate the crypto industry
SEC unable to locate BitConnect founder convicted in $2.4B fraud case
1.3.2022
BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion
BitConnect Founder Indicted in $2.4B Ponzi Scheme Has Disappeared
1.3.2022
Attorneys said efforts to locate the convicted founder could remain unfruitful
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect
27.2.2022
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years...
DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
26.2.2022
A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations
Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors
22.2.2022
Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million. 11 People Arrested so Far in Cryptocurrency Scam in India Indian police have cracked down on a cryptocurrency investment scheme that has duped...