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Meta loses bid to wriggle out of billionaire’s crypto scam ad lawsuit
20.6.2024
Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough
Trader claims to lose $310K on dodgy exchange pitched in LinkedIn request
14.6.2024
The investor said they learned about the exchange from a “random friend request on LinkedIn.”
OKX feels the pinch from a breach affecting its users
10.6.2024
OKX’s SMS notification safety feature was compromised by a miscreant who whacked crypto amounts, leaving the users high and dry. The company is engaged in going into the crux of the matter, assuring its users of complete compensation. As per SlowMist, the information began trickling in, with...
ZkSync’s Gemholic project suspected $3.5M rug pull
8.6.2024
Community members are currently trying to trace the Gemholic contract creator's address, supposedly funded by Binance
Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison
8.6.2024
Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities in the U.S., and Tacuri benefited significantly...
US Authority Seizes 70 Crypto Scam Sites Targeting Russian Community
7.6.2024
The Brooklyn District Attorney’s Office has seized 70 domains used to scam the Russian community. The scam involved deceptive Facebook ads featuring a deepfake of Tesla CEO Elon Musk. Over 20 Brooklyn residents and additional victims nationwide lost a total of $5 million. 70 Crypto Scam...
Over 35 fake Elon Musks live-streamed during SpaceX launch
7.6.2024
“This is not a fake, this is a real giveaway. I personally guarantee it to you,” one of 35 deepfake versions of Elon Musk promised
Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets $474,000 From Token Sale
31.5.2024
Nigerian artist Davido has been accused of perpetrating an “outright scam” after pocketing over $468,000 from selling his recently launched meme coin. A prominent Nigerian crypto enthusiast claims Davido’s actions create problems for many legitimate crypto businesses and startups...
Former banker sentenced to 41 months for crypto fraud
30.5.2024
Rashawn Russell, a former Deutsche Bank executive, also intended to commit fraud with stolen bank cards
Iggy Azalea’s MOTHER memecoin triumphs over scandal-ridden IGGY
29.5.2024
The Aussie artist launched her own memecoin as she distanced herself from the scandal-tainted project bearing her name
ZKasino Implements 72-Hour “2-Step Bridge Back Process” to Return Funds to Investors
29.5.2024
ZKasino has taken steps to address the allegations of a $33 million "rug pull" by initiating a 72-hour "2-step bridge back process" to return funds to investors.
The post ZKasino Implements 72-Hour “2-Step Bridge Back Process” to Return Funds to Investors appeared first on Cryptonews
Caitlyn Jenner And Rich The Kid X Accounts Push Memecoins, Sparking Scam Concerns
27.5.2024
Celebrities Caitlyn Jenner and Rich The Kid began boosting namesake crypto memecoins on their respective X accounts over Memorial Day weekend, prompting hacking concerns from X users. Several celebrities have been charged by the SEC for illegally promoting cryptocurrencies, though it is unclear...
Forex and Crypto Investment Fraud Busted in Malaysia, Ten Arrested and Millions Seized
24.5.2024
Malaysian authorities have dismantled a forex investment fraud and cryptocurrency syndicate that had been operating in the country.
The post Forex and Crypto Investment Fraud Busted in Malaysia, Ten Arrested and Millions Seized appeared first on Cryptonews
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
YouTube Investigator ‘Coffeezilla’ Accuses Rabbit AI of Involvement in an NFT Scam
22.5.2024
Stephen Findeisen, popularly known as "Coffeezilla" on YouTube, has accused artificial intelligence company Rabbit AI of orchestrating an NFT scam and attempting to cover it up.
The post YouTube Investigator ‘Coffeezilla’ Accuses Rabbit AI of Involvement in an NFT Scam appeared...
Coffeezilla calls out AI firm Rabbit over alleged NFT scam
22.5.2024
Coffeezilla said that the artificial intelligence product Rabbit R1 was overhyped, similar to the Gama NFT project, which he believes to be a “scam.”
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...
Russian Court Jails Finiko Crypto Scam Exec for Three Years
20.5.2024
A Russian court has sent a Finiko executive to prison for three years, after finding her guilty of helping to mastermind the biggest crypto scam in “post-Soviet history.”
The post Russian Court Jails Finiko Crypto Scam Exec for Three Years appeared first on Cryptonews
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