Fraud Financial News
09.11 / 17:17
business
Blockchain
Cybersecurity
Fraud
Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round
Blockchain-based intelligence company TRM Labs has announced a $70 million expansion to its Series B funding round, bringing the total raised to $130 million, announced the company on Nov. 9. Among the world's largest private equity firms, Series B investor Thoma Bravo manages more than $122 billion in assets.
07.11 / 13:35
ETH
Fraud
Rolex
Crypto Fraudsters Bait Victims with Promises of Free ETH and Rolex Watches
The ringleaders of a South Korean crypto fraud ring that sucked victims in with promises of Rolex watches and etheruem (ETH) giveaways have been sentenced to jail.
02.11 / 17:19
Twitter
Fraud
community
elon
Ethereum Founder Vitalik Buterin Concerned About Elon Musk’s Twitter Plan
Ethereum (ETH) co-founder Vitalik Buterin has shared a scam-related concern over Tesla and Twitter chief Elon Musk's blue check system, but said that there may be a solution.
01.11 / 12:33
Fraud
Police
S Korean Police Shut Down $472,000 Group Chat-based Crypto Fraudsters
South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims.
25.10 / 14:29
security
scam
Fraud
community
Crypto Staking
Rug Pull
Withdrawals
$160 Million Rug Pull? – Crypto Staking Platform Freeway Halts Withdrawals Citing ‘Unprecedented Volatility’
UK-based crypto platform Freeway halted withdrawals on Sunday due to, as they claim, never-before-seen levels of volatility - but some argue that this is in fact a rug-pull.
24.10 / 17:13
Telegram
Platform
Fraud
Crypto Fraudsters Preying on Japanese Social Media & Chat App Users
Crypto-related crime continues to rise in Japan – where a media outlet has recounted how two men in their thirties were stung by chat app-based crypto fraudsters running a bogus crypto exchange.
14.10 / 10:29
regulation
security
Scams
Fraud
NOT
Industry exec explains why NFT fraud protection falls on brand and not marketplaces
Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive.
05.10 / 09:32
regulation
Scams
Fraud
FBI
Crypto ATMs emerging as popular method for crypto scam payments: FBI
The Federal Bureau of Investigation (FBI) Miami Field Office has warned that crypto ATMs are emerging as a popular method that scammers use to receive funds from defrauded victims.
04.10 / 08:21
Twitter
Art
Scams
Fraud
Beeple's Discord URL 'hijacked,' directing users to wallet drainer
Non fungible token (NFT) artist Mike "Beeple" Winkelmann has found himself the target of phishing scammers yet again, warning users that the URL link to his official Discord server was “hacked” — sending unaware new members to a wallet draining Discord channel if they follow the link.
30.09 / 20:11
Legal
Fraud
Jail
Crypto Fraudster Who Swindled Victims out of Bitcoin and ETH Gets 5-Year Jail Term
A South Korean crypto fraudster who duped victims out of some $1.7 million worth of bitcoin (BTC), ethereum (ETH), and fiat has been handed a five-year jail sentence.
20.09 / 17:19
cryptocurrency
Fraud
Major crypto trader Wintermute hit by $160 million hack, CEO says
Hackers have stolen digital assets worth around $160 million from crypto trading firm Wintermute, its CEO tweeted on Tuesday, the latest heist to hit a sector long plagued by cybercrime.
12.09 / 14:25
UPS
Compilation
Fraud
Bitcoin
South Korea Has Tracked USD 1bn Worth of Fraudulent Crypto Transactions This Year
A staggering USD 1 billion worth of fraudulent crypto-related transactions has been identified in South Korea in the first half of 2022, new data shows.
09.09 / 20:23
Facebook
Social Media
Fraud
Meta Ceo
lawmakers
Crypto scams
US lawmakers
US lawmakers call on Mark Zuckerberg to address 'breeding ground' for crypto scams: Report
A group of Democrats from the United States Senate has reportedly asked Meta CEO Mark Zuckerberg to provide details on the social media giant’s policies addressing cryptocurrency fraud.
30.08 / 14:45
regulation
Fraud
Wanted Turkish crypto exchange founder detained in Albania
The saga of the defunct Turkish crypto exchange, Thodex, continues as its fugitive founder is now in custody in Albania. Local law enforcement detained Faruk Fatih Özer in an operation carried out at 05:30 AM (UTC) on Tuesday, Aug. 30, in the country’s capital city Tirana.
23.08 / 13:05
22.08 / 13:13
19.08 / 18:39
19.08 / 14:13
18.08 / 18:07
03.08 / 14:27
Blockchain
Technology
regulation
Fraud
PUMP
What are crypto pump and dump groups? Are they legal?
Pump-and-dump operations, which fraudulently manipulate prices by disseminating false information, have existed in economic contexts since at least the 1700s. For instance, con artists with shares in the South Sea Company started making false statements about the business and its revenues in the beginning of the eighteenth century.
02.08 / 23:13
cryptocurrency
Crime
Fraud
Brazilian Cop Charged with Duping 23 Fellow Officers in ‘Crypto Pyramid Scam’
A military police officer in the Brazilian state of Goiás is being tried for allegedly scamming fellow officers with a cryptoasset-themed scheme.
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