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An Elusive Indian Suspect at the Center of Indiana’s Crypto Fraud
14.11.2024
Authorities in Grant County, Indiana, have recovered $36,000 in a cryptocurrency scam involving Prateek Jain, a 33-year-old man from Kolkata, India. Jain faces charges of felony fraud and money laundering after allegedly convincing a Marion, Indiana resident to deposit funds into a bitcoin ATM...
S. Korean influencer allegedly led $232M crypto scam, 215 arrested
13.11.2024
South Korea has been taking steps to suppress crypto scams. This latest one is the biggest ever though
Crypto scam launderer pleads guilty to role in $73M scheme
13.11.2024
Daren Li is looking at a maximum of 20 years in prison after pleading guilty to his role in laundering crypto in a $73 million scam scheme
US bids to seize Bankman-Fried’s crypto allegedly used in China bribes
13.11.2024
Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried
FBI-Created Token Hits Its Mark: Landmark Guilty Plea Shatters Crypto Fraud Ring
2.11.2024
The FBI’s fake cryptocurrency token unraveled a landmark market manipulation case, leading a founder to plead guilty to running automated wash trades across exchanges. In FBI-Created Token’s Trap, Crypto Mogul’s Empire Collapses The U.S. Department of Justice (DOJ) announced on Wednesday that...
Judge sentences IcomTech promoter to 8 years to deter ‘crypto frauds’
31.10.2024
Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison
Judge sentences IcomTech promoter to 8 years to deter ‘crypto frauds’
31.10.2024
Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison
Jailed crypto scammers blew stolen funds on shark tank, hookers: Report
24.10.2024
The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers
South African Bank Blocks Crypto Payments, Faces Industry Backlash
21.10.2024
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry...
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...
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…
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 Seeks Crypto Fraud Victims in Major Market Manipulation Case
11.10.2024
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive...
Mango Labs sues DAO members for alleged embezzlement scheme
10.10.2024
The drama around Mango Labs just never seems to stop. Its problems are with its own members, too
Gotbit, ZMQuant, CLS Global, My Trade Crypto Fraud Case Details: What We Know So Far
10.10.2024
The Gotbit, ZMQuant, CLS GLOBAL, My Trade case is slowly becoming one of the most sophisticated crackdown by…
Ohio’s New Crypto Fraud Unit Claims First Victory, Recovers $130K From Scam
10.10.2024
The Ohio Bureau of Criminal Investigation’s new Electronic Fraud Investigations unit has recovered $130,000 from a cryptocurrency scam in its first victory. The unit was established to address the growing complexity of cyber financial crimes, particularly those involving cryptocurrency....
SEC, FBI, DOJ coordinate takedown of 4 fraudulent crypto firms
9.10.2024
A complex set of overlapping companies, individuals and alleged crimes have been tackled by US federal authorities
SEC, FBI, DOJ coordinate takedown of fraudulent crypto firms
9.10.2024
A complex set of overlapping companies, individuals and alleged crimes were tackled by US federal authorities
Nigerian Regulator Pledges to Fight Crypto Fraud
9.10.2024
The Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the importance of educating investors. Lagos State Governor Babajide Sanwo-Olu said he supports...
Crypto Fraud Ring Dismantled by Vietnamese Authorities
7.10.2024
Vietnamese authorities have reportedly dismantled a cross-border fraud ring involved in romance scams and fraudulent cryptocurrency schemes. Led by foreign criminals, the group operated from Laos and defrauded victims of tens of billions of dong. Key Vietnamese suspects, trained in digital...