Crypto Scam News
12.09 / 06:11
FIVE
Citizens
Platform
Mobile
Five Arrested in Thailand for Alleged Involvement in $76M Crypto Scam
In a coordinated cross-border operation, Thai authorities have arrested four Chinese nationals and one Lao citizen suspected of orchestrating a massive 2.7 billion baht ($76 million) crypto scam, Bangkok Post reported.
08.09 / 10:27
Turkish Crypto Exchange Thodex CEO Receives 11,196-Year Jail Term for Fraud and Money Laundering
Faruk Fatih Ozer, the founder and former CEO of Thodex, a prominent Turkish cryptocurrency exchange, has been handed 11,196-year prison sentence for fraud and other crimes, Bloomberg reproted.
23.08 / 18:25
crypto regulation
Israeli Business Tycoon Moshe Hogeg Accused of $290 Million Crypto Scam Following Two-Year Probe
Business tycoon and former owner of Beitar Jerusalem FC, Moshe Hogeg, has been accused by the Israeli police of orchestrating a $290 million crypto scam.
12.08 / 16:17
scam
Artificial Intelligence
Researchers Deploy AI to Uncover Crypto Giveaway Scam Schemes on Twitter
Researchers at San Diego State University have developed an artificial intelligence (AI) system to detect and expose cryptocurrency giveaway scams on Twitter.
19.07 / 15:01
Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe
The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms.
11.07 / 10:31
29.06 / 20:19
CFTC
Fine
Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud
The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (CFTC).
27.06 / 09:39
scam
Artificial Intelligence
Crypto scams
Expect Surge in Crypto Scams with Advancements in AI
There are growing concerns that scammers will use artificial intelligence (AI) to develop new methods of fraud and deception as the technology continues to advance.
22.05 / 17:59
Presale
PSYOP Token Investors Lose Half Their Funds After ‘Scam' – Here’s Three Coins You Can Trust
Presale investors in Ben.eth’s unorthodox launch of the PSYOP meme coin appear to have lost out big time, with some losing half of their funds and others dubbing the token launch a “scam”.
22.05 / 10:51
defi
scam
New Scam Siphoning Off $6 Million From Crypto-Raptors
A scam-as-a-service company has siphoned off approximately $6 million worth of crypto assets from unsuspecting users.
07.10 / 04:43
cryptocurrency
Myanmar
To Hell and Back: Crypto hostages recount horrifying experience
Two months ago, Abdul (name changed) made the decision to leave India in search of a better life, just like millions of other Indians who do the same thing every year. Armed with a college degree, Abdul, who hails from Telangana, had tried his hand at a few jobs in India but found that the income was never enough.
18.08 / 07:41
Blockchain
cryptocurrency
Bitcoin
Crypto scam revenue drops 65% in 2022 due to market downturn: Report
Revenue from crypto scams fell to $1.6 billion so far this year, 65 percent lower than levels in July 2021, as cryptocurrency prices declined, a new report showed.
12.07 / 11:03
business
cryptocurrency
Crypto scam: How were investors duped to the tune of Rs 1,200 crore?
The accused, 31-year-old Kerala resident Nishad K, and his partners allegedly collected deposits from investors under the guise of an initial coin offer (ICO) for the launch of Morris Coin cryptocurrency.
04.06 / 07:23
cryptocurrency
FTC
Bitcoin
Crypto scam victims lose more than $1 billion since 2021: FTC report
More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday.
21.04 / 18:21
cryptocurrency
NFT
phishing
Trader loses Rs 5 crore in cryptocurrency after wallet gets 'totally wiped out' in seconds
A crypto trader lost $650,000 (roughly Rs 5 crore) worth of cryptocurrency and NFT to scammers. Domenic Iacovone shared his experience and sought help from experts on Twitter. He even offered $100K as reward for any assistance.
21.04 / 08:45
cryptocurrency
crypto trader
Crypto Trader Loses $6,50,000 In 2 Seconds, Explains How It Happened
The hackers stole information from Domenic Lacovone's iCloud backup. (Representative)
20.02 / 11:25
cryptocurrency
Digital
Platform
cryptocurrency explainer
pig butchering
Pig Butchering Crypto Scam: Know About This Scam Where Fraudsters Use Romance As A Hook To Lure People Into Bogus Investments
A technique known as "pig butchering" has spread globally as a cryptocurrency scam
01.11 / 14:39
Ethereum
Bitcoin
Crypto scams
Crypto Scams that Rocked Asia to the Core, Part 2: PlusToken
Asia has been through more than its fair share of nasty crypto scam dramas, from the Mt. Gox scandal right through to 2021 and its plethora of AI-powered fraudsters.
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