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Another 6 Members of Finiko Crypto Pyramid Arrested in Russia
23.4.2022
Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted dozens of searches as part of an ongoing investigation into the pyramid, which defrauded investors...
Report: South African University to Issue Blockchain-Based Certificates to Graduating Students
22.4.2022
A South African university has said starting this year it will issue blockchain-based certificates to students graduating from the learning institution. University administrators argued that a blockchain-based certification system will help prevent fraud and end the production of fake documents....
US Secret Service Has Seized Cryptocurrency Worth Over $102 Million in 254 Fraud Cases
20.4.2022
The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities,” said the assistant director of the Secret Service’s Office...
Brazilian Congress Aims to Pass Unified Crypto Framework in Coming Months
16.4.2022
The Brazilian Congress is trying to approve a cryptocurrency legal framework before the end of Q2. According to reports from local media, The proponents of the different law projects presented in the Senate and the Congress have stated they will seek the unification of the projects due to their...
Here’s how OpenSea NFT hacks hurt owners, buyers and even entire collections
12.4.2022
Anyone can become the victim of a malicious NFT hack, so what more could OpenSea do to protect its users?
Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex
3.4.2022
Members of the team of the now defunct Turkish crypto exchange Thodex may receive thousands of years in prison, if the court backs the prosecutor’s plea in the case. The trading platform’s CEO has been missing for the past year since Thodex suspended activities in a suspected exit...
China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment
1.4.2022
Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually...
Gold industry taps blockchain for supply chain management and fraud prevention
28.3.2022
LBMA CEO Ruth Crowell said the new blockchain-based initiative can help promote “confidence” in the “integrity and accountability” of gold that is traded
NFT Rug Pull: DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors
26.3.2022
The U.S. Department of Justice (DOJ) has charged two people allegedly behind a million-dollar non-fungible token (NFT) “rug pull” scheme. They abandoned the NFT project within hours after selling out, deactivated the website, and transferred over $1 million in crypto to the wallets...
Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme
26.3.2022
A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Bitclub Network Investor Pleads Guilty The U.S. Department of Justice (DOJ) announced Thursday that Gordon Brad...
Satoshi Island, Thailand vs. Crypto, NFT Fraud + More News
25.3.2022
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: Satoshi Island, Thailand vs. Crypto, NFT Fraud + More News
Crypto Pyramid Busted in Russia, Losses Exceed $10 Million
24.3.2022
Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto...
President of Fake UN Affiliate Convicted of Fraud in Crypto Scam
18.3.2022
Asa Saint Clair was convicted of wire fraud for devising an investment scheme that swindled hundreds of thousands of dollars from more than 60 victims
How do crypto monitoring and blockchain analysis help avoid cryptocurrency fraud?
17.3.2022
Read this guide to learn how to identify and protect yourself from crypto frauds using blockchain analysis tools
China’s Digital Yuan App Gets Update as Police Deal with First-Ever CBDC ‘Fraud’ Case
15.3.2022
The central People’s Bank of China (PBoC) has added new functionality to its pilot digital yuan app – but it appears that some citizens are already trying to commit crimes using the new token, and have attempted to use it to launder money.
Per IT Home, the PBoC’s app, which debuted in 11 cities...
Siblings charged over mining coin that turned into alleged $124M fraud
9.3.2022
The brother and sister team will face charges of wire fraud, securities fraud, and conspiracy for their alleged roles in the Ormeus Coin ICO
Pokémon Card Fraudster Sentenced To Three Years In Prison
8.3.2022
Last year a Georgia man was charged by federal prosecutors after allegedly lying to apply for a Covid disaster loan, then turning around and spending it on a single Pokémon card. He has now admitted his guilt and been sentenced to prison.Read more
SEC investigating NFT market over potential securities violations: Reports
3.3.2022
NFT creators and marketplaces have been targeted by the SEC for conducting illegal activity in a new wave of regulatory action against unregistered securities
‘Help Ukraine’ Scams Appear as Country Seeks Crypto Donations, Report Reveals
2.3.2022
Scams have started exploiting the desire of many in the crypto community to support Ukraine’s efforts to withstand Russia’s military assault and help its citizens endure the conflict. As the country is raising millions in bitcoin, a report has indicated that fraudulent schemes luring...
SEC unable to locate BitConnect founder convicted in $2.4B fraud case
1.3.2022
BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion