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SEC Chairman Gary Gensler Stresses Crypto Markets Are Open to Manipulation, Investors Vulnerable
6.12.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has called for more investor protection in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications,” he said. “In many cases, investors aren’t able...
US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings
5.12.2021
The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds...
Founder of Coin Signals Funds Pleads Guilty in Crypto Scam — Faces up to 10 Years in Prison
2.12.2021
The founder and manager of several cryptocurrency funds has pleaded guilty to luring investors to his crypto investment scam. His funds consistently lost money and his scam left investors with a $5 million loss, according to the U.S. Department of Justice (DOJ). Investors Scammed Into Investing...
Blockchain-Based Identity Systems Are Our Only Chance Against Online Fraud
1.12.2021
The entire social media landscape has sprung up around the idea that we just love to engage with people online. On Facebook, Twitter, Instagram, or TikTok, we form groups and communities based on mutual likes or dislikes and find ourselves chatting to complete strangers, sometimes on the other side...
4JNET Team Warns of Fraud as Limited-Edition NFTs Are Selling Hot
30.11.2021
Recently, 4JNET has become a heated topic in the token industry, and 61% of its limited-edition NFTs were sold within 1 months, reaching up to 3365BNB. As 4JNET fever continues, lots of swindling gangs make trouble. According to the responsible person of 4JNET, a gang disguised as one of...
Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft
21.11.2021
A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused of stealing tens of millions of dollars through a SIM swap targeting a crypto holder in the U.S. Teen Arrested...
Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto Fraud
20.11.2021
Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club. 8 People Arrested in Crypto Fraud Scheme...
Wasabi Lightning Wallet Grant, Binance's New Integration & Funding, Norway Crypto Mining Ban Talk + More News
19.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
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Read More: Wasabi Lightning Wallet Grant, Binance's New Integration & Funding, Norway Crypto Mining Ban Talk + More News
DOJ Selling Cryptocurrency Seized From Bitconnect Worth $56 Million
16.11.2021
The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect...
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
16.11.2021
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department
Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet
13.11.2021
A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited...
FBI Public Service Announcement Warns of ‘Increased’ Crypto ATM, QR Code Fraud
5.11.2021
The Federal Bureau of Investigation (FBI), America’s domestic intelligence and security service, has published a public service announcement concerning fraudulent schemes associated with cryptocurrency ATMs and QR codes. The FBI’s warning, published on November 4, highlights...
Connecticut jury finds crypto-related products are not securities
3.11.2021
Once again, the question of whether digital assets constitute securities is under question
‘Kimchi Premium Fraud Ring’ Busted in South Korea
30.10.2021
The South Korean police have arrested three people it claims orchestrated a major crypto fraud ring that told investors they could take advantage of the so-called “kimchi premium.”
Per NoCut News, the alleged scam’s center of gravity was the North Jeolla Province, in the southwest of the country....
Wu-Tang Clan’s Unreleased Album Changes Hands From Martin Shkreli to an NFT Art Collective
27.10.2021
After fighting in court since 2015, the former hedge fund manager Martin Shkreli was sentenced to seven years in prison for conspiring to commit securities fraud and he was forced to pay $7.4 million in fines. One of Shkreli’s prized possessions, an unreleased Wu-Tang Clan album, was seized...
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware
27.10.2021
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States....
Alleged South African Bitcoin Fraudster Makes First Court Appearance Since Arrest
26.10.2021
Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate. Shezi out on Bail The bitcoin trader’s court appearance came just days after he honored his pledge to surrender himself to the police....
Seven Hours With Turnip Boy Commits Tax Evasion's Free DLC
19.10.2021
With a name like Turnip Boy Commits Tax Evasion, I was hoping to learn a thing or two about taxes, government regulation, and the ways in which the system fundamentally screws people out of money and property. While I can’t say I learned anything about tax evasion playing this adorable 2D action...
Fraud-Accused South African Bitcoin Trader to Turn Himself Over to Police: Report
19.10.2021
Sandile Shezi, the young South African bitcoin trader who is facing fraud charges, has denied allegations he scammed shareholders in his Global Forex Institute. Shezi: Shareholders Signed Up for Education, Not Investments Despite his rejection of the allegations, a spokesperson for...
South Africa Police Issue Arrest Warrant for Fraud-Accused Crypto Trader
12.10.2021
Reports from South Africa say the country’s police have now issued a warrant for the arrest of Sandile Shezi, a 29-year-old cryptocurrency trader. The warrant was issued after one Allan Ledwaba, an investor with Shezi’s Global Forex Institute, accused the cryptocurrency trader...