Search
Washington Man Faces Charges in $64 Million Crypto Laundering Scheme
31.8.2024
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum...
Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances
28.8.2024
Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through...
SEC Freezes Assets of Crypto Trading Bot Operators in Alleged Ponzi Scheme
28.8.2024
The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns, while the funds were allegedly used for personal...
Singapore Court Imposes 6-Year Prison Sentence on Crypto Ponzi Scheme Mastermind
27.8.2024
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claimed to own 300,000 cryptocurrency mining machines...
SEC Charges Two Brothers for a $60 M Crypto Ponzi Scheme
27.8.2024
US Securities and Exchange Commission (SEC) has charged two brothers for allegedly executing a $60 Million crypto Ponzi…
SEC charges siblings over $60M Ponzi touting a crypto trading bot
27.8.2024
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
SEC charges siblings over $60M Ponzi touting a crypto trading bot
27.8.2024
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
Wazirx Defends Restructuring Decision — Founder Assures ‘Not Bankruptcy or Liquidation’
24.8.2024
Indian crypto exchange Wazirx has defended its restructuring strategy in response to the July 18 cyberattack that led to the theft of over $230 million. The company emphasized that this approach is the quickest and most legally sound way to address these challenges. “This is not bankruptcy...
Crypto pyramid scheme leader extradited to China after global pursuit
23.8.2024
As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases
FBI will use NFTs to contact victims of crypto fraud scheme Clucoin
23.8.2024
The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pled guilty to using the funds to fund his online gambling habit.
OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports
22.8.2024
The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022
Montenegro arrests executive suspected of $21M crypto fraud
21.8.2024
Montenegrin police arrested FutureNet co-founder Roman Ziemian, alleging he was living under a false identity in the country’s capital city
Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two
19.8.2024
Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto
Brazilian Judge Ends Inquiry Into Bitcoin Ponzi Scheme Mastermind’s Death
17.8.2024
A Brazilian federal judge has ordered criminal charges against Johann Steynberg, the late CEO of the bitcoin trading platform Mirror Trading International (MTI), to be dropped after a police investigation confirmed reports of his death. The order was handed down by Judge Silvio Gemaque, who said...
Crypto Sleuth Uncovers Sahil Arora’s Celebrity Token Scheme
15.8.2024
Cryptocurrency influencers and celebrities continue to be controversial, mainly because of their role in token pumps. The latest…
Chinese Police Uncover $1M USDT Money Laundering Scheme
15.8.2024
According to BlockBeats, the police in Qingdao, China, are gearing up to take a deep dive into a…
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
13.8.2024
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to...
SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme
12.8.2024
The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws
Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang
7.8.2024
The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto exchange, the police said on X (formerly Twitter) on Tuesday
Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO
3.8.2024
The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme...