Fraud Financial News

02.08 / 06:23

regulation SEC Fraud Ponzi scheme Sec Charges SEC charges 11 individuals over $300M crypto ‘pyramid scheme’

The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a "fraudulent crypto pyramid scheme" platform Forsage.

29.07 / 11:41

business regulation Fraud Federal Reserve Fed demands Voyager remove ‘false’ claims deposits are FDIC insured

Cypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured.

16.07 / 13:47

business Fraud Pump and Dump Bitcoin Pump-and-dump PUMP How to identify and avoid a crypto pump-and-dump scheme?

Educating oneself about the crypto ecosystem is crucial for investors to pursue during a bear market while awaiting a bull cycle. That being said, having a good understanding of crypto investment entails keeping an eye out for fraudulent projects that threaten to drain assets overnight, a.k.a. pump-and-dump schemes.

08.07 / 09:27

Blockchain Fraud Loans Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been marked as stolen or flagged for suspicious activity on Opensea to date.

09.06 / 18:23

markets Stablecoin Fraud investigation LUNA2 traders are increasingly short despite 67.5% rally, $4 million liquidated

Terra (LUNA2) reversed a portion of the losses this June 9 as its price per token rose by as much as 67.5% on the day, catching many traders off-guard with their perpetual swap positions.

24.05 / 20:13

Fraud Climate change Igor Dodon: Former Moldovan President arrested on suspicion of corruption

The former president of Moldova, Igor Dodon, was arrested on Tuesday after a raid on his home and a string of other private addresses.

23.05 / 06:57

Twitter Scams Fraud Artists phishing scam Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account

Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a phishing scam.

07.05 / 14:13

Blockchain Technology defi Fraud How to avoid front runners on decentralized crypto exchanges

Decentralized exchanges (DEXs) nip in the bud several issues concerning their centralized counterparts such as concentration of liquidity in the hands of a few players, compromise of funds in case of a security breach, closed control structure and more. One issue, however, that has refused to subside is front-running. Unscrupulous players are still finding ways to defraud unsuspecting traders.

29.04 / 19:03

Technology Fraud Prison Boris Becker sentenced to two and a half years in prison for bankruptcy offences

Tennis great Boris Becker was sentenced by a London court to two and a half years in prison on Friday for illicitly transferring large amounts of money and hiding assets after having declared bankrupt.

12.04 / 19:35

Blockchain Ethereum Scams Fraud Here’s how OpenSea NFT hacks hurt owners, buyers and even entire collections

The non-fungible token (NFT) market has been booming since the summer of 2021 and as NFT prices were sky-rocketing, the number of hacks targeting NFTs were also increasing.

18.03 / 08:25

Hackers security Scams Fraud Bears phishing attack Rare Bears Discord phishing attack nabs $800K in NFTs

Recently launched NFT project, Rare Bears, was hit with an attack, after a hacker posted a phishing link in the project's Discord channel, stealing nearly $800,000 in NFTs.

09.03 / 06:39

business regulation SEC Fraud Siblings charged over mining coin that turned into alleged $124M fraud

A pair of siblings is now in very hot water with the U.S. government with criminal charges filed against them for allegedly committing fraud in the Ormeus Coin scheme.

03.03 / 05:17

regulation SEC Fraud investigation reports SEC investigating NFT market over potential securities violations: Reports

The U.S. Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating NFT creators and marketplaces for securities violations, according to a report from Bloomberg.

23.02 / 08:05

Blockchain Fraud Court BitConnect class action Appellate court decision allows Bitconnect class action to proceed

The 11th Circuit Court of Appeals has ruled that victims of the Bitconnect Ponzi scheme can proceed with a class action suit by reversing a previous ruling that prohibited such a case.

19.02 / 02:31

Blockchain defi Fraud Crowdfunding Exec at Composable Finance allegedly doxed as convicted fraudster Omar Zaki

Late Friday afternoon, decentralized finance, or DeFi, investigator @zachxbt published a series of tweets accusing fraudster Omar Zaki of hiding behind the facade of 0xbrainjar, the anonymous head of product at Composable Finance.

17.02 / 10:13

Blockchain Analysis Scams Fraud 4% of crypto whales are criminals and they have $25B between them: Chainalysis

Chainalysis data shows that 4068 criminal whales (roughly 4% of all whales) are hodling more than $25 billion worth of cryptocurrency between them.

17.02 / 06:31

Blockchain Hackers Scams Fraud Time Warning Warning: How 'One Time Password' bots can steal all your crypto

Cybercriminals are using bots purchased on Telegram to trick users into giving them access to their cryptocurrency accounts.

14.02 / 15:51

business Fraud Bitcoin Singaporean megabank DBS works on expanding Bitcoin trading to retail

DBS Bank, Singapore’s largest bank, is working on expanding its cryptocurrency exchange beyond its current investor base of institutional clients, according to the CEO.

04.02 / 07:15

Facebook Scams Fraud Aussie competition watchdog investigating Meta over crypto scam ads

Australia's consumer and competition (ACCC) watchdog is investigating Facebook’s parent company Meta for a long running series of fraudulent cryptocurrency advertisements of the platform.

03.02 / 00:35

Blockchain defi Scams Fraud Rug Pull youtuber Youtuber and alleged thief publicly refuses to return investors' funds after $750k rug pull

On Wednesday, American Youtuber and "internet detective" Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul "Ice Poseidon" Denino. During the session, Denino allegedly confirmed that he made off with $750k worth of his investors' money through rug pulling a crypto project dubbed "Cxcoin."

27.01 / 12:31

regulation Fraud IRS Tax IRS Says It Is Fighting ‘Mountains’ of Crypto & NFT ‘Fraud’ and Celebrity Shills

The United States tax body, the Internal Revenue Service (IRS), says it believes the crypto and non-fungible token (NFT) space is beset with “fraud” – and has warned that celebrities promoting crypto on social media could face probes.

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