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Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings
25.6.2025
A newly unsealed complaint reveals DCG executives anticipated legal fallout and ignored risk warnings as Genesis spiraled toward collapse
Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings, scripted lies
25.6.2025
A newly unsealed complaint reveals DCG executives anticipated legal fallout and ignored risk warnings as Genesis spiraled toward collapse
$124M Crypto Laundering Scheme Exposed in Australia—Authorities Charge Four
12.6.2025
A long-running Australian multi-agency investigation has dismantled a sophisticated money laundering scheme in Queensland, charging four individuals and freezing $13.7 million. At the heart of the alleged operation was a security company that reportedly converted $124 million in cash into...
Crypto scammers plead guilty to $37M scheme targeting Americans
10.6.2025
Five members of an international crypto scam ring are accused of stealing nearly $37 million from American victims and sending the funds to Cambodia
Russian Police Arrest Suspect in $3.2M Illegal Mining Operation: Report
29.5.2025
A similar mining scheme occurred in the region in 2022
Bitcoin vs. Social Security: Former Maryland Governor’s Ponzi Scheme Remark Sparks Fury
11.5.2025
Former Maryland Gov. Martin O’Malley recently compared bitcoin to a Ponzi scheme while defending the U.S. Social Security Administration. The comparison drew criticism from bitcoin supporters, who countered by asserting that Social Security itself resembles a Ponzi scheme. O’Malley: Trump...
Operation Fantasos: Brazil Cracks Down on Remnants of $290M Crypto Ponzi Scheme
2.5.2025
The Brazilian Federal Police carried out Operation Fantasos, with more than 50 officers executing 11 search and seizure warrants in various locations across Rio de Janeiro. The mastermind behind these activities was extradited from Switzerland to the U.S. in February. Operation Fantasos Targets...
$198M Crypto Mirage? SEC Targets AI Trading Kingpin in Global Ponzi Uprising
26.4.2025
A $198 million crypto fraud empire disguised as AI trading has been unraveled, exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and Exchange Commission (SEC) announced on April 22 that it...
PGI Global Founder Hit With Fraud Charges in Alleged $200M Crypto Ponzi Scheme
23.4.2025
According to the SEC, Ramil Palafox misappropriated more than $57 million in customer funds, using it to buy Lamborghinis and luxury products
SEC and feds charge man over $200M crypto trading scheme
23.4.2025
The US Securities and Exchange Commission and federal prosecutors have charged a man they allege created a crypto scheme that swindled 90,000 people out of $200 million in the hopes of earning returns from Bitcoin and forex trading.The SEC said on April 22 that it had charged Ramil Palafox, a dual...
SEC and feds charge man over $200M crypto trading scheme
23.4.2025
The US Securities and Exchange Commission and federal prosecutors have charged a man they allege created a crypto scheme that swindled 90,000 people out of $200 million in the hopes of earning returns from Bitcoin and forex trading.The SEC said on April 22 that it had charged Ramil Palafox, a dual...
Feds Mistakenly Order Estonian HashFlare Fraudsters to Self-Deport Ahead of Sentencing
18.4.2025
Ivan Turogin and Sergei Potapenko ran a crypto mining Ponzi scheme that defrauded investors around the world of more than $575 million
Leaders of $190M Brazilian Crypto Ponzi Scheme Sentenced to Over 170 Years in Prison
18.4.2025
The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them
Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison
18.4.2025
The Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified as the main operator of Braiscompany, a Brazilian crypto scheme that raised over $100 million from nearly 20,000 investors. Brazilian Crypto Ponzi Scheme Operators...
Over $4 Billion Moved by Cryptocurrency Scams in Paraguay
18.4.2025
Diosnel Alarcon, head of the cybercrime unit of the National Police of Paraguay, has indicated that over $4 billion was moved by cryptocurrency scams and Ponzi schemes in 2023 and 2024. Alarcon stated that middlemen help these platforms thrive, as people investing don’t know the basics...
$2.5M Crypto Scheme Busted: Nigerian Suspect Tracked to US Custody
12.4.2025
A globe-spanning crypto romance scam that funneled $2.5 million through digital wallets has unraveled, exposing a mastermind now staring down 40 years behind bars. Feds Hunt Down Suspect in $2.5M Crypto Scam—Now He Faces 40 Years in Prison The U.S. Department of Justice (DOJ) announced on April...
Ukraine Considers Up to 23% Personal Income Tax on Crypto in Newly Proposed Tax Scheme
9.4.2025
Under a proposal, certain crypto transactions would be taxed at the country’s standard 18% rate, as well as an extra 5% levy to support the country’s war costs
Tariff Watch: Trump Defends Current Scheme and Vows Further Hikes
8.4.2025
President Donald Trump remarked on the effects of the newly established reciprocal tariff scheme, including lower prices across the board and reduced inflation. He also stated that the U.S. would respond with stiffer tariffs if China continued to retaliate. Trade War Escalates as Trump Celebrates...
WazirX Creditors Back Restructuring Plan to Payback $230M Hack Victims
8.4.2025
The scheme would trigger an initial payout within 10 business days, followed by phased resumptions of withdrawals and trading, subject to regulatory compliance
Crypto Exchange MEXC Halts Market Manipulation Scheme
26.3.2025
MEXC said it has liquidated a large-scale group of market manipulators engaged in various malicious activities, including self-trading, spoofing, and front-running. Presence of Institutional Actors Draws Concern Cryptocurrency exchange MEXC recently announced that it liquidated a large-scale...