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Co-founder of OneCoin Pyramid Scheme Pleads Guilty, ‘CryptoQueen’ Still Wanted
16.12.2022
One of the founders behind OneCoin pleaded guilty to federal U.S. charges on Friday after one of the largest financial scams of all time, according to the Department of Justice. The purported cryptocurrency project was fraudulent from its 2014 beginnings, prosecutors said, with OneCoin – co-founded...
Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
16.12.2022
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail
SEC sues Atlas Trading for $100M stock manipulation scheme
14.12.2022
Eight individuals promoted deceptive demand for stocks via Twitter, Discord and YouTube to sell their shares at a high point
Another Member of Russian Crypto Pyramid Finiko Arrested in UAE
11.12.2022
Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state of a high-ranking member of the pyramid announced...
Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme
10.12.2022
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is still trading above $1 per unit, and it managed...
Bieber, Madonna Among Dozens of Celebs Named in Lawsuit Alleging Yuga Labs NFT 'Scheme'
9.12.2022
The suit claims that celebrity endorsements of Bored Ape Yacht Club NFTs and ApeCoin tokens resulted in financial loss for investors. Yuga Labs called the allegations ""opportunistic and parasitic."
Leader of Suspected Russian Ponzi Scheme Is Arrested in UAE: Report
8.12.2022
Edvard Sabirov's arrest leaves just one of the four known leaders of Finiko at large
North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme
5.12.2022
The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of an already existing malware product called...
EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'
1.12.2022
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil
Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation
27.11.2022
According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian...
Trouble in the Bahamas following FTX collapse: Report
25.11.2022
The locals say they are having to contend with vacant apartments and the loss of job opportunities, once provided by the collapsed exchange
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
23.11.2022
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate,...
HashFlare founders arrested in 'astounding' $575M crypto fraud scheme
22.11.2022
The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy
Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme
20.11.2022
Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried to the infamous Ponzi Scheme of Bernie Madoff. “It felt very Bernie Madoff-like in that way,” she said. Former FDIC Chair Compares FTX...
Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme
18.11.2022
The U.S. CFTC had previously taken legal action against the man
Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE
18.11.2022
One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close associate of the crypto pyramid’s mastermind left the Russian Federation as the scam collapsed last summer....
Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year
14.11.2022
A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees in a number of European countries. Cyberpolice...
3 key crypto price events to watch in the wake of the FTX and Alameda debacle
11.11.2022
FTX and Alameda’s Ponzi-like trading scheme has dealt a heavy blow to the entire crypto industry. Here are three developments to keep a close eye on
Musk Blows Up Latest ‘Official’ Twitter Verification Badge Scheme In Mere Hours
9.11.2022
As the sun rose on Twitter this morning, many users found new “Official” verification badges, which had just been announced yesterday, attached to their accounts. (Kotaku notably did not; what did we do to upset you, Elon?) But before anyone could even enjoy their first lunch as double-verified...
SEC Charges 4 People in $295M Global Crypto Ponzi Scheme That Duped Over 100,000 Investors
6.11.2022
The U.S. Securities and Exchange Commission (SEC) has charged four people for their roles in a global cryptocurrency Ponzi scheme that duped more than 100,000 investors worldwide. The scheme raised more than $295 million in bitcoin. SEC Says ‘Trade Coin Club’ Is a Crypto Ponzi Scheme...