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Fake Coinbase Sites Steal $20M — How Indian Man Led the Massive Crypto Fraud
19.10.2024
A cryptocurrency scam targeting Coinbase users has resulted in a significant theft of over $20 million. An Indian national, Chirag Tomar, was sentenced for orchestrating this scheme, where fake websites mimicking Coinbase led to victims surrendering credentials. U.S. authorities revealed...
Fake Coinbase website leads to $20M fraud, 5-year sentence
18.10.2024
A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence
Fake Coinbase website leads to $20M fraud, 5-year sentence
18.10.2024
A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence
20-Year Prison Sentence Looms for Man Accused of Crypto Money Laundering Scheme
18.10.2024
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses....
US Treasury used AI to recover $4 billion in fraud over past year
18.10.2024
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud
FBI Arrests Alabama Man in Connection With SEC X Account Hack That Spiked Bitcoin Prices
17.10.2024
A man from Athens, Alabama, was arrested Thursday for his role in the January 2024 hack of the U.S. Securities and Exchange Commission’s X account. The hack led to a false announcement regarding bitcoin exchange-traded funds (ETFs), temporarily causing bitcoin prices to rise by $1,000. SEC...
US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
17.10.2024
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw...
Hong Kong cops clean out alleged $46M deepfake crypto scam
17.10.2024
Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region
Forcount ‘Ponzi scheme’ promoter sentenced to 20 years in prison
17.10.2024
According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme
Forcount ‘Ponzi scheme’ promoter sentenced to 20 years in prison
17.10.2024
According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme
Indian Police Crush ‘Goldcoat Solar’ Fraud — Binance Aids in Crypto Seizure
16.10.2024
Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and promising high returns. Multiple arrests were made,...
Hong Kong Busts Crypto Fraud Group Involving Students, Defrauding Victims of HK$360M
15.10.2024
Hong Kong police busted a local crypto fraud group and arrested 27 people, involving students for defrauding victims…
MEV bot scam rides AI hype to return under new name, says SlowMist
15.10.2024
Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy
$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway
15.10.2024
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions...
Telegram to open an office in Kazakhstan, boost regulatory compliance
14.10.2024
Telegram’s agreement to set up an office in Kazakhstan aligns with the firm’s increasing compliance efforts as its CEO remains in France amid an ongoing investigation
Convicted FTX executive Ryan Salame is officially in prison custody
12.10.2024
During a recent appearance on Tucker Carlson's podcast, Salame claimed federal prosecutors unfairly targeted him for political reasons.
Alleged crypto fraudster on the run after tampering ankle bracelet
12.10.2024
USI-Tech’s former CEO Horst Jicha was placed under home detention in New York on a $5 million bond guaranteed by his partner and children before fleeing
SEC Hits Market Makers With Fraud Charges for Misleading Crypto Investors
12.10.2024
The U.S. Securities and Exchange Commission (SEC) has charged multiple market makers and individuals with manipulating crypto asset markets, alleging they created fake trading activity to mislead retail investors. These schemes, including practices like wash trading, aimed to fabricate the illusion...
FBI token: How the FBI used a fake AI fund coin to nab fraudsters
11.10.2024
The FBI’s 'NexFundAI' coin was used to catch alleged market manipulators, but the crypto community may have confused it with another coin
High-Return Crypto Scheme Hit With Cease-and-Desist in Texas
11.10.2024
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading...