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Australian Government Official to Question Regulator Over Its Failure to Warn Crypto Investors
10.1.2024
The Australian government’s assistant treasurer, Stephen Jones, has stated his intention to query the country’s securities regulator over its failure to warn investors about the risks of investing in the now-collapsed crypto investment firm Hyperverse. Jones stated that a “bunch”...
U.S. Arrests 'Bitcoin Rodney,' Alleged HyperVerse Crypto Scheme Promoter, on IRS Charges of Fraud
9.1.2024
Rodney Burton was arrested on Friday in Florida and will be transferred to Maryland
Thai Government’s Digital Wallet Stimulus Plan Under Scrutiny
9.1.2024
Source: AdobeStock / kikujungboy Has the Thai government’s plan to deposit money in citizens’ digital wallets received approval from the legal adviser? Depends on whom you’re asking. The confusion began on Sunday. According to The Nation, the Council of State has given its opinion...
HyperVerse Promoter “Bitcoin Rodney” Arrested in US: Report
8.1.2024
HyperVerse crypto promoter Rodney Burton, better known as “Rodney Bitcoin,” has been arrested for his role in an elaborate crypt investing scheme, court documents reveal. A $58 million debt Court documents filed on January 4th show Burton has been charged with operating and conspiring to operate...
Report: Taiwan Police Arrest Crypto Exchange Bosses Accused of Fraud
7.1.2024
The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $7 million in both cash and virtual currencies. Worthless Virtual...
Australia’s Security Regulator Faces Scrutiny Over Failure to Warn Citizens of the HyperVerse Crypto Scheme
5.1.2024
Source: AdobeStock / FiledIMAGE Australia’s Assistant Treasurer Stephen Jones has expressed the intention to look into reasons why the country’s securities regulator failed to warn citizens of the potential danger posed by the HyperVerse crypto scheme. A recent Guardian report says Jones would...
Report: CEO of Collapsed Crypto Investment Scheme Hyperverse May Not Exist
5.1.2024
A probe into the affairs of the collapsed crypto fund Hyperverse has determined that its highly educated CEO may not exist. The investigation also found that before its collapse, Hyperverse and its CEO both enjoyed celebrity support. The CEO’s Records Do Not Exist An investigation into...
Australian Treasury to Question Regulator Over HyperVerse Crypto Scheme: Report
5.1.2024
Australia's Assistant Treasurer and Minister for Financial Services Stephen Jones has said he would be asking the Australian Securities and Investments Commission (ASIC) why it didn't warn consumers about the HyperVerse crypto scheme like other nations did
The Road to Digital Euro: ECB Publishes Crucial Rulebook Draft
4.1.2024
Source: Adobe/Christian The European Central Bank (ECB) has unveiled progress in the development of the digital euro, with the publication of a report detailing the advancements made by the digital euro scheme’s Rulebook Development Group (RDG). The update follows a June 2023 report from...
Crypto Scammers Swipe $123K in stETH from Nest Wallet Founder in Fake Airdrop
2.1.2024
The Nest Wallet founder has lost his life savings in an elaborate fake crypto airdrop scam. Image by Kerem Goktug Kaya, DALL-E 3. In a sobering reminder of the prevalence of cryptocurrency scams, Nest Wallet co-founder Bill Lou revealed on Tuesday he fell victim to an elaborate fake airdrop scheme...
Argentina’s President Javier Milei Sends Omnibus Bill to Congress, Seeking Legislative Powers
29.12.2023
Argentina’s President Javier Milei has sent a massive new bill to Congress to adopt a scheme of regulations to advance his goal of modernizing the Argentine state. If approved, the bill would allow Milei to legislate by executive order on certain emergency areas and privatize state companies...
DOJ Charges Four Individuals for Laundering Millions in Pig Butchering Scheme
14.12.2023
Four individuals have been charged by the Department of Justice for their alleged roles in a scheme designed to launder millions in proceeds of a cryptocurrency investment scam, according to a recently unsealed indictment. Over $80 million stolen According to a Thursday press release from...
US Seizes Half a Million Dollars in Digital Currency Linked to Chinese Man Involved in Crypto Fraud
13.12.2023
Source: Pexels The United States has seized digital currency valued at approximately half a million dollars from an account registered to a Chinese individual who was implicated in a crypto-investment fraud scheme. The scam, commonly referred to as “pig butchering,” involves...
DOJ Charges Two Men For $25 Million Crypto “Trading Bot” Ponzi Scheme
13.12.2023
Source: Department of Justice In another crackdown against crypto criminals, the U.S. Department of Justice (DOJ) has charged two middle-aged men with stealing over $25 million from victims in a so-called “cryptocurrency Ponzi scheme.” Citing court documents, the DOJ accused David Gilbert Saffron...
Jailed Mastermind of South African Bitcoin Scam Reportedly Getting Preferential Treatment in Brazilian Prison
12.12.2023
Johann Steynberg, the imprisoned CEO of Mirror Trading International, a South African Bitcoin scam entity, is allegedly receiving preferential treatment in a Brazilian prison. The General Directorate of Penitentiary Administration (DGAP) has confirmed receiving a complaint about Steynberg’s access...
El Salvador Partners Tether to Launch Freedom Visa On Bitcoin and USDT Investment
8.12.2023
El Salvador Bitcoin. Source: RawBeautyPixels/Adobe El Salvador has announced a citizenship-by-investment scheme powered by Tether, the company behind stablecoin, USDT that allows people to acquire citizenship through Bitcoin (BTC) and USDT investments. The stablecoin issuer disclosed...
Minnesota Power Co-op Accuses Couple of Major Electricity Theft for Bitcoin Farm Operation
5.12.2023
In a case that intertwines crypto mining and utility theft, a Minnesota power company, North Star Electric Cooperative, has accused a former couple, Ryan Jaenicke and Tina Fehlhaber, of stealing vast amounts of electricity. The alleged scheme, detailed in a 19-page civil suit filed in Roseau County...
Spanish Man Wanted by FBI for North Korean Crypto Scheme Arrested
4.12.2023
A Spanish fugitive wanted by the FBI for his role in providing blockchain services to North Korea has been arrested, according to a statement from the National Police of Spain. Spanish police alleged Alejandro Cao de Benós, founder of the Korean Friendship Association, has been hiding out...
Estonian court nixes extradition of accused crypto scammers to US
29.11.2023
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions
Blast's One-Week, $600M Haul Shows Promise of Yield, Pitfalls of Hype
29.11.2023
The idea of a yield-paying layer-2 blockchain atop Ethereum has clearly demonstrated market allure. But even the project's biggest investor has taken issue with the execution and marketing surrounding the initial rollout