Hong Kong court rules for investors in JPEX cryptocurrency fraud case
[Oct 30 5:07 PM] This was the first case against JPEX, which operated in Hong Kong without a license.
1 / 2 Relevant items tagged with #CryptocurrencyFraud
Posts: 34
Posts
Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal
[Oct 23 11:30 AM] Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against…
Fake Coinbase website leads to $20M fraud, 5-year sentence
[Oct 18 5:18 PM] A phishing scam netted a fraudster luxury cars and foreign vacations, and then a prison sentence.
US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme
[Oct 17 6:30 AM] A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised…
Old MEV bot scam rides AI hype to return with new name: SlowMist
[Oct 15 4:49 AM] Blockchain security firm SlowMist said an increasing number of people have lost funds to fake trading bots that use OpenAI’s ChatGPT in their names to suggest legitimacy.
SEC, FBI, DOJ coordinate takedown of 4 fraudulent crypto firms
[Oct 9 9:53 PM] A complex set of overlapping companies, individuals and alleged crimes have been tackled by US federal authorities.
FBI Warns of Ichcoin Targeting American Crypto Investors
[Oct 5 6:30 AM] The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of…
FBI seizes $6M from crypto scammers targeting US citizens
[Sep 28 3:20 AM] Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized.
Supreme Court of India YouTube channel hijacked to shill XRP
[Sep 20 7:45 AM] India's Supreme Court YouTube channel fell victim to a Ripple and XRP scam, promoting fraudulent investments via a fake livestream.
Crypto scammers deepfake Apple CEO Tim Cook amid iPhone 16 livestream
[Sep 10 2:32 AM] A deepfake of Apple CEO Tim Cook asked viewers to deposit crypto into a wallet address in a bid to pull off the common “double-your-money” scam.
FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023
[Sep 9 9:45 PM] The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found.
Crypto pyramid scheme leader extradited to China after global pursuit
[Aug 23 6:47 AM] As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases.
Arizona AG Warns Scammers Always Find New Ways to Steal Your Money With Crypto
[Aug 22 5:30 AM] Arizona Attorney General Kris Mayes has issued a warning about the rising threat of cryptocurrency scams targeting vulnerable individuals, especially seniors. These scams include fraudulent investment schemes, impersonation of businesses or…
CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times
Hong Kong Police Arrest Quartet Accused of Using Counterfeit Banknotes to Swindle Crypto Traders
[Jul 30 5:30 AM] A group of four Hong Kong fraudsters, who swindled victims’ digital assets worth $1.4 million between October 2023 and July 2024, have been apprehended. The suspects, aged 14 to 39, are charged with conspiracy to defraud and possession of 5,000…
HK police arrest 4, including teen, in HK$11M crypto fraud
[Jul 28 6:59 AM] The authorities continue to urge the public to remain cautious and verify the legitimacy of financial transactions to avoid falling victim to such elaborate scams.
Nigerian police arrest crypto star in fraud crackdown
[Jul 17 3:17 AM] As investigations proceed, the outcome of this case could set significant precedents for how cryptocurrency-related crimes are handled in Nigeria.
Nigerian prison doctor detained over Binance executive’s health concerns
[Jul 17 2:05 AM] Gambaryan’s family has expressed concern about his well-being and appealed to the EFCC to release him and pursue its investigation into Binance instead.
Filipino artists hacked to promote XRP scam
[Jul 15 7:43 AM] Ben&Ben, a nine-piece pop band with over three million YouTube followers, started live-streaming a fraudulent XRP advertisement.
Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports
[Jun 20 6:31 PM] Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal…
Unlicensed Crypto Business Leads to Indictments in Utah
[Jun 19 7:32 PM] Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington…
FTC issues urgent warning over rising crypto romance scams
[Jun 11 5:29 AM] The FTC asked users to report scammers to the government and warn their loved ones about the scam.
FTC Warns of Crypto Scams From Online Love Interests
[Jun 10 8:36 PM] The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish…
South African Police Nab Alleged Mastermind of Metaverse Ponzi Scheme
[Jun 7 4:51 PM] Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a…
NY Attorney General sues crypto trader NovaTech, claims $1B fraud
[Jun 6 3:00 PM] Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges.
Investors file first civil suit against JPEX, more suits expected
[Jun 6 11:41 AM] The plaintiffs seek to recover funds transferred out of their wallets as criminal proceedings against the exchange continue.
FBI Warns of Crypto Scams in Fake Work-From-Home Jobs
[Jun 5 8:27 PM] The U.S. Federal Bureau of Investigation (FBI) issued an alert on June 4, highlighting a surge in cryptocurrency-related fraud involving bogus work-from-home opportunities. Scammers impersonate legitimate businesses and lure individuals with…
Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
[Jun 1 8:32 PM] Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by…
SEC Issues Investor Alert Highlighting 5 Common Crypto Scams
[May 31 11:33 PM] The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that fraudsters exploit cryptocurrency popularity with sophisticated…
Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
[May 30 10:21 PM] David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely…