Scam Financial News

15.02 / 17:19

scam Legal International Scammer French Court Jails 50-year-old International Crypto Scammer for Four Years

The 50-year-old mastermind of a “vast” and “international” French crypto scam that duped at least 14 victims out of over $375,000 has been sentenced to four years in prison.

09.02 / 13:49

FIVE NASDAQ CEO scam Parke Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m

The CEO of a bogus South Korean crypto bank has been handed a 10-year jail term – after cheating investors out of a total of $181 million.

08.02 / 14:01

BTC Fighting scam Bitcoin Brazil: $193m ‘Crypto Pyramid’ Firm Declared Bankrupt

Indeal, the Brazilian company behind a suspected crypto pyramid scheme worth some $193 million, has declared bankruptcy.

31.01 / 17:39

Blockchain NFT Web3 Non-fungible tokens scam Fraud DAI CertiK Report Reveals a Strange Twist Behind the ‘Monkey Drainer’ Scam

The latest report by the security-focused ranking platform CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership.

31.01 / 13:57

Lowe's Target Binance scam S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses

South Korean police are probing a possible $8m crypto scam – after a group of 40 alleged victims complained they were tricked into buying a potentially worthless or non-existent cryptoasset.

30.01 / 13:13

scam Fraud Canadian Resident Heartbroken After Falling Victim to Crypto Scam, Loses Home and Almost $500K – Here’s What Happened

An Ontario man has allegedly lost his home plus his entire life savings after falling victim to a crypto scam.

26.01 / 13:45

Binance Robinhood Social Media security scam Fraud Robinhood’s Verified Twitter Account was Hacked and Started Promoting a Crypto Scam – This is What Happened Next

Attackers hacked into major US online trading platform Robinhood's social media accounts to promote a scam token. Binance CEO Changpeng Zhao soon said that the account linked to the incident had been locked.

23.01 / 15:27

scam OneCoin Missing ‘Cryptoqueen’ Ruja Ignatova's London Residence Listed For £11 Million – Where is She?

A London penthouse that is believed to belong to Ruja Ignatova, the creator of the notorious OneCoin Ponzi scheme, is listed for sale with a guide price of between £11 million to £2.5 million.

21.01 / 04:49

cryptocurrency scam Fraud FTX Fried Bankman-Fried assets of almost $700 million may be forfeited in FTX scam

Sam Bankman-Fried’s assets valued at almost $700 million will be subject to forfeiture if he’s found guilty of fraud, according to federal prosecutors leading the case against the FTX founder.

10.01 / 20:09

NFT scam Threat Logan Paul Drops Threat of Lawsuit Against Coffeezilla But Will Alleged Victims Get Money Back?

Popular influencer and professional wrestler Logan Paul has dropped his threat of a lawsuit of YouTube journalist Coffeezilla after being accused of running a crypto investment scam.

05.01 / 13:51

NFT security scam Fraud NFT Marketplace Magic Eden Pledges to Refund Users Who Were Sold Fake NFTs in ‘Massive Exploit’

Non-fungible token (NFT) marketplace Magic Eden said that it would refund all users affected by the exploit that involved the sale of fake NFTs - passing them off as 'members' of verified collections.

04.01 / 18:45

Blockchain Hack security scam Phishing attacks end End User Scams and Phishing Attacks in Web3: Are They Being Underreported?

According to Christian Seifert, an expert in cybersecurity, end users in the cryptocurrency space are facing numerous attacks that often go unreported. In order for widespread adoption to occur, it is necessary to address the security concerns of Web3 technologies and increase the trust of end users in these systems.

30.12 / 13:13

scam Shark Tank Star Kevin O’Leary’s Twitter Account Hacked, Starts Promoting Crypto Scam – Here’s What Happened

Shark Tank star Kevin O’Leary’s Twitter account was hacked on Thursday and started pushing a shady giveaway of Bitcoin and Ethereum.

13.12 / 18:19

scam Police Brazil’s ‘Bitcoin Pharaoh’ ‘Hired Gunmen’ to ‘Murder’ Crypto Rivals, Say Prosecutors

Source: Nelson Antoine/Adobe

12.12 / 13:01

scam FTX Fried Sam Sam Bankman-Fried Wants to Start a New Business to Pay Back Victims of FTX Collapse – This is What You Need to Know

Sam Bankman-Fried, founder and former CEO of the now-bankrupt crypto exchange FTX, has said that he hopes to start a new business and earn enough money to pay back victims of the collapse.

09.12 / 14:35

scam FTX Revealed: Shark Tank Superstar Kevin O’Leary Was Paid This Much by FTX to Promote Platform

Investor and Shark Tank star Kevin O'Leary has revealed that he has lost almost all of the $15 million the now-bankrupt cryptocurrency exchange FTX paid him to be its official spokesperson.

25.11 / 16:01

Target MET scam Bitcoin Cyber £3.2 Million Crypto Scam Dismantled by UK Cyber Crime Unit – Over 100 Arrests Made in ‘Biggest Ever Fraud Operation’

The UK’s Metropolitan Police has taken down an international crypto scam ring in what it describes as the largest ever fraud operation led by the force.

25.11 / 16:01

scam World Cup Crypto scams World Cup Crypto Scams are On the Rise – Look Out For These

Global cybersecurity firm Kaspersky has released a list of the top five scams related to the ongoing FIFA World Cup Qatar 2022.

22.11 / 13:43

scam FTX SBF Fried Sam Modified Video of FTX Founder Sam Bankman-Fried Directs Users to Fraudulent Website - This is What You Need to Know

A modified video of Sam Bankman-Fried, founder and former CEO of collapsed crypto exchange FTX, is trying to trick users into a fake crypto giveaway to potentially steal their funds.

18.11 / 13:49

Crime scam KYC Crypto Scammers are Buying Fake Identities on the Black Market for as Little as $8 – Here’s What You Need to Know

A vast underground ring of know-your-customer (KYC) actors for hire has been increasingly used by rogue developers with the aim to scam Web3 communities, according to a recent analysis by security-focused ranking platform CertiK.

13.11 / 14:33

scam FTX FTX Token Former US Treasury Compares FTX Collapse to Infamous Enron Fraud – Crypto Regulation Incoming?

Former Treasury Secretary Larry Summers has compared the sudden fall of cryptocurrency exchange FTX to energy trader Enron's scandal in the early 2000s.

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