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Argentinian Presidential Hopeful Reportedly Faces Crypto Scam Promotion Wrap
23.8.2022
A group of Argentine crypto investors have launched a lawsuit against Javier Milei, an outspoken MP and bitcoin (BTC) advocate who wants to run for president.
The media outlet Clarín reported that a lawyer named Juan Pablo Chiesa, who is representing the group, says that the investors lost around...
Brazilian Local Gov’t Chief & ‘Bitcoin Pharaoh’ Suspected of Crypto-powered Money Laundering
22.8.2022
Brazilian law enforcement agencies have swooped on the home of a local government chief they suspect of heading a crime ring that laundered money using cryptoassets – along with a controversial figure named “the Bitcoin Pharaoh.”
The raid took place at the home of the Armação de Búzios councilman...
Landmark Crypto Judgment: Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability
21.8.2022
Kate Gee is Counsel at Signature Litigation LLP, specialising in crypto disputes, civil fraud, and asset tracing.__________...
Read More: Landmark Crypto Judgment: Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability
Russian Hospital Employee ‘Mined Crypto in a COVID-19 Ward’; SBI Crypto to Halt Mining in Russia
19.8.2022
A Russian medical specialist could face up to two years behind bars after authorities caught him allegedly running an illegal mining setup in a facility designed to treat coronavirus patients.
The specialist had been placed in charge of information security at a state-run hospital...
South Korean Kok Play Token Masterminds Reportedly Face Prosecution Probe, Investors 'Must Escape Now'
19.8.2022
South Korean prosecutors are reportedly set to investigate the company behind an Ethereum (ETH)-based altcoin named Kok Play over allegations of fraud.
The coin is, per its white paper, the brainchild of the Kok Foundation, and has been listed on a number of large international crypto exchanges....
Crypto Scam BitConnect Founder Reportedly Booked in India on Fresh Charges
18.8.2022
The legal woes of Satish Kumbhani, the discredited founder of crypto scam BitConnect, continue - Indian police have booked him after a lawyer told the authorities that he had been defrauded out of close to BTC 220 (USD 5.2m) through a series of scams perpetrated by Kumbhani and others....
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Indian police launch probe into BitConnect founder wanted by US SEC
17.8.2022
The Indian police launched an investigation against BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he relocated from India
Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list
15.8.2022
BNB Chain's Red Alert system flags projects based on obvious features that have been historically used in scams, rug pulls and phishing
Brazilian Cop Charged with Duping 23 Fellow Officers in ‘Crypto Pyramid Scam’
2.8.2022
A military police officer in the Brazilian state of Goiás is being tried for allegedly scamming fellow officers with a cryptoasset-themed scheme.
The media outlet Globo reported that the officer, named as Francisco de Assis Jesus dos Santos Soares de Oliveira, stands accused of defrauding some...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme
2.8.2022
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including...
Greek Police Scramble to Catch Onecoin’s ‘Cryptoqueen’ Ruja Ignatova, Local Media Reports
29.7.2022
Law enforcement in Greece has recently tried to locate Ruja Ignatova, founder of the infamous Onecoin pyramid scheme. According to a leading Greek daily, investigators acted on intelligence suggesting she was still in the country. Also known as ‘Cryptoqueen,’ Ignatova was last seen...
Fed demands Voyager remove 'false' claims deposits are FDIC insured
29.7.2022
The Fed and FDIC allege that Voyager “made various representations online" that its funds were FDIC insured
US Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme
23.7.2022
A federal jury has convicted the founder of “My Big Coin” in a fraudulent scheme that swindled $6 million from cryptocurrency investors. The defendant made several false claims, including that the coins were backed by gold and that the company had a partnership with Mastercard. My...
Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds
17.7.2022
A majority of the financial pyramids identified in 2022 used cryptocurrencies in one way or another, Russia’s central bank announced in a new report. Amid Western sanctions, Russian scams have stepped up their activities, often claiming to be licensed by foreign authorities to offer access...
SEC Fines John McAfee’s Associate $375K in Penalties for ICO Promotions
16.7.2022
According to a Securities and Exchange Commission (SEC) judgment, Jimmy Gale Watson, a former associate of the now deceased John McAfee, has been fined for being paid to promote pump and dump-fashioned initial coin offerings (ICOs). The SEC has ruled that Watson must pay roughly $375K in penalties...
How to identify and avoid a crypto pump-and-dump scheme?
16.7.2022
Pump-and-dump in crypto is an orchestrated fraud that involves misleading investors into purchasing artificially inflated tokens — typically marketed and hyped by paying celebrities and social influencers
Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more
8.7.2022
The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space
Tax Agency Starts Checking Crypto Traders in Romania
3.7.2022
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million...
Onecoin’s Co-Founder Ruja Ignatova Has Been Added to the FBI’s 10 Most Wanted Fugitives List
30.6.2022
One of the Onecoin co-founders, Ruja Ignatova, otherwise known as the ‘Cryptoqueen,’ has been added to the Federal Bureau of Investigation’s (FBI) Ten Most Wanted Fugitives list on Thursday. In addition to adding the Cryptoqueen to the most wanted list, the FBI is offering...
Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital
25.6.2022
Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth...