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South Korean Stablecoin Fraudster Aged-60+ Jailed for Six Years
14.11.2022
Crypto fraud continues to escalate in South Korea – where a scammer aged over 60 has been given a six-year jail term for duping victims into investing in a sham stablecoin.
Segye Ilbo reported that an unnamed individual in their sixties – named for legal reasons as A – was imprisoned on charges...
El Salvador President Bukele says Bitcoin is ‘the opposite‘ of FTX
14.11.2022
Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different
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...
Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims
14.11.2022
Manhattan District Attorney (DA)’s Office has frozen more than $1.3 million in cryptocurrency “during fraud investigations conducted over the past ten months.” The authority said: “We are returning that money to the victims of these schemes — while raising awareness...
Former US Treasury Compares FTX Collapse to Infamous Enron Fraud – Crypto Regulation Incoming?
13.11.2022
Former Treasury Secretary Larry Summers has compared the sudden fall of cryptocurrency exchange FTX to energy trader Enron's scandal in the early 2000s.
In a "Wall Street Week" interview with Bloomberg, he said that while "a lot of" people have compared this to Lehman, he believes it is more...
Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud
13.11.2022
Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons from the collapse of FTX. Larry Summers Compares...
Disco Elysium Writer Alleges Fraud While Studio Accuses Him Of Toxic Management
9.11.2022
After being sued by one of its cofounders and accused of fraud, ZA/UM now says the lead writer behind 2019’s hit RPG, Disco Elysium, was fired for professional misconduct, including gender discrimination and verbally abusing co-workers. It’s the latest twist in a messy saga about the indie studio...
Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round
9.11.2022
Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million
US Attorney Seizes $3.6 Billion From Silk Road Dark Web Fraud – Second-Largest Crypto Seizure in History
8.11.2022
The US Department of Justice (DOJ) has seized 50,676 BTC worth around $3.36 billion in its second-largest crypto seizure in history.
According to a Monday press release, the billion-dollar seizure is from a man who “unlawfully obtained” the coins from darkweb market Silk Road over a decade ago....
‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam
8.11.2022
The list comes out as part of Australia's 2022 Scams Awareness Week
Crypto Fraudsters Bait Victims with Promises of Free ETH and Rolex Watches
7.11.2022
The ringleaders of a South Korean crypto fraud ring that sucked victims in with promises of Rolex watches and etheruem (ETH) giveaways have been sentenced to jail.
Money Today reported that three individuals were sentenced at a branch of the Seoul Central District Court’s Criminal Division...
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...
Piloting into Digital Economy, Leading the Fraud Rings, Stealing Billions and 20 Crypto Jokes
5.11.2022
Read More: Piloting into Digital Economy, Leading the Fraud Rings, Stealing Billions and 20 Crypto Jokes
Crypto News Summary: Mastercard Launches Start Path Crypto, Meta Bringing NFT Minting & Trading to Instagram
3.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Mastercard Launches Start Path Crypto, Meta Bringing NFT Minting & Trading to Instagram
Ethereum Founder Vitalik Buterin Concerned About Elon Musk’s Twitter Plan
2.11.2022
Ethereum (ETH) co-founder Vitalik Buterin has shared a scam-related concern over Tesla and Twitter chief Elon Musk's blue check system, but said that there may be a solution.
On November 1, following statements that a blue checkmark on Twitter for verified users could cost its owners $20 a month...
South Korean regulators aim to toughen crypto fraud punishments
1.11.2022
The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023
S Korean Police Shut Down $472,000 Group Chat-based Crypto Fraudsters
1.11.2022
South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims.
MBN Money reported that the Incheon Metropolitan Police Agency explained that it had arrested three men...
US Tether Bank Fraud Investigation Changes Hands Within the DOJ: Report
31.10.2022
A criminal investigation into whether Tether’s executives committed bank fraud in the early days of the stablecoin issuer’s existence has been reassigned after months of stagnation, according to Bloomberg
Cryptocurrency Scams: How to Spot & Protect Yourself Against Crypto Fraud
28.10.2022
Cryptocurrency is a new, exciting way to interact with money. However, scammers are looking to take advantage of people who don't know how to navigate this new and often complex world. Cryptocurrency scams have become the new fraud of choice for cybercriminals looking to make a quick buck.
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US Judge Orders Bitcoin Ponzi Operator Imprisoned for Ignoring Court Order to Pay SEC $40 Million
28.10.2022
A district judge has ordered a bitcoin Ponzi operator to be arrested and imprisoned after he ignored multiple court orders and failed to pay the U.S. Securities and Exchange Commission (SEC) $40 million. He pleaded guilty to securities fraud in 2015. Bitcoin Ponzi Operator Faces Imprisonment After...