S. Korean influencer allegedly led $232M crypto scam, 215 arrested
[Nov 13 5:17 PM] South Korea has been taking steps to suppress crypto scams. This latest one is the biggest ever, though.
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Bollywood Star Linked to Crypto Scam? India Probes Deeper Into Betting Allegations
Indian Police Investigate Cryptocurrency Fraud Targeting Ex-Servicemen
[Sep 12 6:30 AM] Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately $96,000) through a cryptocurrency scam since 2022…
Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
[Sep 1 8:30 AM] A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure…
Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse
[Aug 21 1:30 AM] The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency…
Wisconsin unveils tracker to fight crypto fraud and investment scams
[Jul 31 10:24 AM] The Wisconsin Department of Financial Institutions is launching a new scam tracker based on consumer complaints to protect investors from crypto and investment fraud.
Indian Authority Busts Cryptocurrency Fraud Ring Targeting Foreign National
[Jun 8 7:37 PM] India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The…
US Authority Seizes 70 Crypto Scam Sites Targeting Russian Community
[Jun 7 1:21 PM] The Brooklyn District Attorney’s Office has seized 70 domains used to scam the Russian community. The scam involved deceptive Facebook ads featuring a deepfake of Tesla CEO Elon Musk. Over 20 Brooklyn residents and additional victims…
US Authorities Arrest Chinese Nationals Allegedly Behind Crypto Scam Network
[May 18 9:37 PM] An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to launder at least $73 million tied to an international crypto investment scam, often known as…
Crypto Money Laundering Plummets By 29% In Latest Chainalysis Findings
[Feb 15 9:00 PM] According to a recent report published by crypto analytics firm Chainalysis, money laundering involving crypto assets has experienced a notable decline compared to the previous year. However, the report highlights that illicit actors have started…
Denver Pastor Accused of Misappropriating $1.3 Million Raised via a Crypto Token Sale
[Jan 23 6:30 AM] The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and…
UK Court Slaps Telecoin Crypto Scam Masterminds With 6-Year Jail Terms
[Jul 30, 2023 7:30 PM] Two masterminds of the Telecoin cryptocurrency scam will each serve more than six years in jail after a court in the United Kingdom found them guilty of fraud. According to Lee Parish, the detective chief inspector, the duo used the allure of…
Aussies revealed as prime targets of Israel crypto scam syndicate
[Feb 24, 2023 12:07 AM] Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.