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Six People Connected to a $36M Crypto Scam Arrested, Scheme Operated From Multiple Locations in Europe
18.5.2021
Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.2 million worth in virtual currencies from individuals...
Wallstreetbets Forum Members Targeted by a Crypto Scam That Reportedly Left Over $2M in Losses
7.5.2021
The famous Wallstreetbets (WSB) Reddit forum has made headlines again in the cryptocurrency community, but this time around, it’s not because of ban-related topics or endorsements on a digital asset. Some WSB members reportedly fell into a crypto scam which has left people with millions...
Crypto Fraud Reports in South Korea Surged Over 41% in 2020, Says Financial Watchdog
21.4.2021
Although bitcoin prices plummeted over the weekend, the overall bull-run remains alive, as well as the crypto-related fraud cases in South Korea. The latest figures by the domestic financial watchdog show that such incidents are still on the rise. Police to Dedicate a Special Unit to Investigate...
‘Intense Crackdown’ until End of June as Seoul Fights Crypto Fraudsters
21.4.2021
A new joint South Korean police-government-regulator crackdown on crypto-related fraud and multi-level marketing (MLM) fraudsters will be complete “by the end of June,” authorities stated, as Seoul moves to stamp out bogus and illicit crypto operators.
Per Seoul Kyungjae and the Segye Ilbo,...
Warnings as Crypto, Digital Yuan Fraudsters Run Wild in China
16.3.2021
Chinese media outlets are reporting a sharp rise in bogus crypto, blockchain and digital yuan-related schemes in the country, as bitcoin (BTC) prices rise and the rollout of the Chinese central bank digital currency (CBDC) approaches.
Per reports from JRJ and the National Business Daily...
Crypto Exchange Owner Sentenced to 10 Years in Prison for Multimillion-Dollar Scheme to Defraud Americans
15.1.2021
The U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison. He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the Department...
Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company’s Bankruptcy
23.12.2020
Italian police accused a man who ran a cryptocurrency exchange of being responsible for a series of hacks that caused millions in losses as part of an alleged massive fraud scheme. Italian Authorities Accuse Bitgrail Owner of Faking Hacks That Led Exchange’s Bankruptcy According to Reuters...
Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters
27.11.2020
The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks
Watch out, fraudsters are claiming they are from Blockchain.com
20.11.2020
The U.K.'s Financial Conduct Authority advised caution against phony actors
Fraudsters are switching from credit cards to Bitcoin, says consumer protection company
5.10.2020
Scammers are taking advantage of one of Bitcoin's strengths, as once lauded by Satoshi Nakamoto
Regulatory Attention and Fraudsters: Bad Crypto News of the Week
26.7.2020
Check out this week’s Bad Crypto podcast
Despite COVID-19 Scams, Crypto Fraudsters’ Incomes Fell 30% in March
11.4.2020
The average value of weekly transactions sent to the wallets of known scammers has taken a 30% hit since the start of March
Lightning Solves Bitcoin’s Speed Problem, But Watch Out for Fraudsters
25.2.2020
Lightning-based fiat-bitcoin systems could popularize crypto payments, as long as fraud and bitcoin's non-reversibility don't get in the way
Glaciers, Novogratz, Fraudsters and 20 Crypto Jokes
4.1.2020
We are back with another crypto summary and jokes article to start this new crypto year. First, let's see what happened at the very end of 2019 and beginning of 2020.
Ethereum's unplanned Muir Glacier upgrade was two days away when 74% of the clients were ready for it, and finally the network saw...
Russian Programmer 'Sends' USD 450m in Crypto to Fraudsters + More News
30.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Legal news
Russian computer programmer Alexei Bilyuchenko, who was involved in the collapse of Wex (World Exchange Services)...
Komodo Hacks Itself and Saves Crypto Worth $13M After Learning of Security Vulnerability
6.6.2019
Crypto wallet provider Komodo effectively hacked itself to prevent fraudsters from accessing its users’ funds