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Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages
16.3.2021
A massive police operation took place in Istambul, Turkey, against a Chinese gang’s crypto scam. Authorities found that criminals kidnapped 101 people and forced them to run scam operations. Scammers Tricked Hostages by Promising Them Work in a Legit ‘Crypto Investment...
Portuguese Authorities Contemplate Launching an Investigation on Local Crypto Social Media Influencers
10.3.2021
Portuguese authorities are reportedly planning to take action against social media influencers who provide advice on crypto-related investments. The plans are being discussed in the wake of an online petition signed by thousands of Portuguese. A Crypto Youtuber Already in the Authorities Loop...
Heartbreaking Stories of People Who Got Scammed on Tinder During the Pandemic
9.3.2021
Every social media site has scammers, but there’s something extra depressing about people getting scammed on dating sites like Tinder. Unfortunately, it happens all the time, and that hasn’t stopped with more people turning to dating apps during the pandemic.Read more
US Court Sentences Another Centra Tech Co-Founder to 8 Years in Jail
8.3.2021
Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit...
Binance Smart Chain 'copykat' project loses $31 million in possible rugpull
4.3.2021
Users now need to ask: how many more protocols are at risk?
Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund
27.2.2021
As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene. The police in a Chinese province are now warning about a “sophisticated” CBDC-themed scam. Bogus Platform Is Set to Be Launched in March, Say Scammers...
Austrian regulators call for stricter crypto regulations amid rising fraud
19.2.2021
Crypto scams appear to be dominating investment fraud cases in Austria
Crypto criminals got away with $5B less in 2020 as scam revenue falls
17.2.2021
The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams
Argentinean Prosecutor Investigates an Alleged Bitcoin Scam Ganancias Deportivas
16.2.2021
In Mendoza, Argentina, law enforcement launched an investigation against a sports-related investment site for presumably being a bitcoin scam. Among the inquiries, authorities are investigating if they’re involved in money laundering and tax evasion. Platform Claims to Invest Customer’s...
Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million
14.2.2021
Blockchain analysis firm, Chainalysis’ latest crime report has named Mirror Trading International (MTI) as the biggest cryptocurrency scam of 2020. Chainalysis arrived at this conclusion after an investigation found that MTI had taken in $589 million from more than 471,000 deposits. According...
EY, Quadriga Law Firm Warn of ‘Imitation’ Site
10.2.2021
The imitation site is not authorized by EY and affected users have been advised to avoid at all costs
Serbian National Arrested and Extradited to the US for His Role in a $70M Crypto Mining Case
9.2.2021
A Serbian national has been extradited to the United States to face charges of defrauding investors out of more than $70 million through a cryptocurrency mining and binary options scam. Antonije Stojilkovic, 32, and six accomplices, who were all arrested between July and October 2020, faces up...
Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison
7.2.2021
The founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that...
Australian pleads guilty to $90 million crypto fund scam in the U.S.
5.2.2021
The Australian man admitted to cheating investors out of $90 million taken from two crypto funds in the U.S
South African regulators issue fresh crypto investment warning
4.2.2021
Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market
Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US
3.2.2021
Three people have been charged in the U.S. over two cryptocurrency scams, one of which was promoted by famous Hollywood actor Steven Seagal. The main promoter of the schemes has already been arrested and is facing criminal charges. Seagal previously settled the charges against him relating to...
Crypto Fund Manager Charged in $5M Ponzi Scheme, Facing up to 30 Years in US Prison
30.1.2021
A cryptocurrency fund manager has been charged in a U.S. federal court. He allegedly took over $5 million from investors interested in investing in his crypto funds, promising them high returns. In reality, he was running a Ponzi scheme and is now facing up to 30 years in prison. Crypto Fund...
Europol, Spanish Police Bust Alleged Scam Posing as Crypto Investment Training Firm
28.1.2021
Europol worked with Spain’s Civil Guard and Catalan police to arrest six suspects aged in connection with the scheme
California Man Loses $27,000 in Bitcoin After Falling Prey to Crypto Scammers
26.1.2021
In Daly City, California, authorities are investigating a crypto scam incident where a man lost $27,000 worth of bitcoin. A 48-year-old man claimed the scammers tricked him into giving them the keys to his wallet. Scammer Impersonated a Crypto Wallet Hardware Firm Ledger Representative Per KTVU...
Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam
19.1.2021
The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft. The exchange claims that it...