Crypto Fraud News

05.08 / 06:53

Chainalysis Australia Discovers 2,000+ Crypto Wallets Compromised in Global Operation

Police in Australia, in collaboration with blockchain analytics firm Chainalysis, have uncovered a massive crypto scam targeting Australian citizens. Over 2,000 compromised digital wallets were identified as part of their worldwide operation to combat cryptocurrency fraud.

02.08 / 12:59

UPS information reports Investigations Indian Enforcement Directorate Conducts Raid Linked to Crypto Fraud Ring

The Indian Directorate of Enforcement (ED), on Friday, raided at least six premises, probing a money laundering case linked to a crypto fraud ring – Emollient Coin.

31.07 / 19:42

Citi security Bitcoin reports Investigations China’s Shaanxi Province Cracks Crypto Fraud Scheme, Arrests Four Despite Crypto Ban

Mainland China, known for its stringent regulations on cryptocurrencies like Bitcoin, continues to face challenges with crypto investment frauds. Despite the nation’s comprehensive crypto ban, fraudulent activities persist.

31.07 / 15:30

Wisconsin Unveils Public Tracker to Combat Crypto Investment Scams

The Wisconsin Department of Financial Institutions (DFI) has launched a publicly accessible investment scam tracker in a bid to combat financial and crypto scams and fraud.

12.07 / 17:27

Former FTX Executives Nishad Singh and Gary Wang Await Sentence this Fall

Two former senior executives of the collapsed cryptocurrency exchange FTX are set to face sentencing later this year for their roles in one of the biggest financial scandals in recent history. This was revealed in a July 9 court docket entry in the U.S. District Court for the Southern District of New York.

20.06 / 12:51

Ponzi scheme Philippines SEC Warns Public Against Unauthorized Skyline Crypto Trading

The Philippines Securities and Exchange Commission (SEC), the nation’s markets watchdog, has issued an advisory on Wednesday, warning the public against Skyline Crypto and Dry Goods Trading.

19.06 / 17:43

Meta Billionaire Andrew Forrest’s Crypto Ad Scam Lawsuit Against Meta Will Go Ahead, Judge Rules

Australian mining billionaire Andrew Forrest’s lawsuit against Meta for hosting several crypto ad scams bearing his likeness has been given the green light after the tech conglomerate failed to have it dismissed, U.S. District Court Judge Casey Pitts ruled on Monday.

11.06 / 23:17

Crypto Crime British Columbia Officials, RCMP Issue Warning To International Crypto “Money Mules”

The British Columbia Securities Commission (BCSC) and Royal Canadian Mounted Police (RCMP) have issued a warning to ten B.C. residents over their alleged involvement in international crypto fraud schemes, the officials revealed in a press conference Monday.

06.06 / 06:55

Ponzi scheme American Promoter Behind Forcount Crypto Ponzi Scheme Pleads Guilty to Wire Fraud Conspiracy

Juan Tacuri, 46, from Florida, a promoter in the global crypto Ponzi scheme known as Forcount pleaded guilty to conspiracy to commit wire fraud.

05.06 / 15:01

FTX SBF Sam Bankman-Fried Back In NYC Prison Following Transfer To Oklahoma

Now disgraced FTX founder Sam Bankman-Fried (SBF) is back at the Metropolitan Detention Center (MDC) in Brooklyn, New York to work on his appeal following nearly a week spent at a transfer facility in Oklahoma, inmate records reveal.

30.05 / 17:29

Crypto Theft Ponzi 85 Year Old Former Attorney On Hospice Care Pleads Guilty To $9.5 Million Crypto Fraud

David Kagel, a now disbarred 85-year-old Beverly Hills attorney on hospice care, pleaded guilty to an elaborate, years-long crypto ponzi scheme on Wednesday.

30.05 / 05:55

NFT U.S. Treasury NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report

The US Treasury, on Wednesday, released it first risk-assessment report, exploring the vulnerabilities associated with non-fungible tokens (NFTs). The report stressed that these asset classes are “highly susceptible to use in fraud and scams,” most of which are traditional schemes.

24.05 / 07:27

Bank Ex-Kansas Bank CEO Pleads Guilty to Embezzling $47M in Crypto Scheme

Kansas-based now-failed Heartland Tri-State Bank’s former head has pled guilty on Thursday for embezzling $47.1 million for a series of “personal crypto purchases.”

23.05 / 17:47

PeckShield dutch ESET And Dutch Police Uncover Ebury Botnet’s Crypto Theft Operation

Slovakian cybersecurity firm ESET and the Dutch police uncovered a major crypto theft linked to the notorious Ebury botnet last week. The botnet has compromised over 400,000 servers in the past 15 years, making it a major threat to the sector.

29.04 / 18:19

Southern Justice reports Department Investigations South Korea to Make Temporary Crypto Investigative Unit Permanent

Local media reports that South Korea is taking decisive measures to combat the surge in cryptocurrency-related crimes and fraud cases by moving to establish its temporary virtual asset investigative unit as a permanent entity.

23.04 / 06:42

Progressive CEO security Pool community safemoon SafeMoon CEO John Karony Claims He’s “Innocent” Of Multi-Million Crypto Fraud Scheme

SafeMoon (SFM) CEO John Karony took to X (formerly Twitter) on April 21 to defend his innocence after being charged by U.S. officials with fraud over a multi-million dollar crypto scheme last November.

18.04 / 11:18

Chainalysis Coincover Unveils ‘Protected Co-Signing’ for Crypto Transactions to Prevent Fraud and Hacks

Coincover, a provider of protection and insurance for digital assets, is launching an extra layer of protection service which screens transactions to detect risk of fraud or hacking.

04.04 / 17:15

OneCoin OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme

Irina Dilkinska, former atty of the infamous OneCoin cryptocurrency scam, was sentenced to 4 years in jail on Wednesday. Dilkinska pled guilty last year for her role in helping launder $4 billion crypto fraud scheme in 2019.

29.03 / 10:15

TRON TRON Blockchain Accounted for 45% of Illicit Crypto Volume in 2023: TRM Report

TRM Labs data revealed that 2023 saw illicit crypto volumes drop by a third from $49.5 billion in 2022 to $34.8 billion. However, of all crypto frauds in 2023, TRON blockchain hosted 45%, up from 41% in 2022.

28.03 / 06:45

Bitcoin voice reports Investigations South Korean Civil Servant Charged with Crypto Fraud

A South Korean civil servant was arrested on March 27 on charges of committing crypto-related fraud and carrying out voice phishing attacks.

26.03 / 13:41

South Korean Police Capture Fraudsters Who Stole $4.1 Million in Crypto Investment Scam

The Haeundae Police Station in Busan, South Korea, has caught a pair of fraudsters who stole $4.1 million from a senior citizen with the promise of profitable crypto investments.

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