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FBI Seizes $6M in Crypto From Southeast Asian Scammers

[Sep 28 1:30 AM] U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake cryptocurrency…

SEC Charges Novatech in $650 Million Crypto Fraud Scheme

[Aug 12 11:17 PM] The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where…

Brit Gets Prison Time for Twitter Hack Impersonating Biden, Buffett in Bitcoin Scheme

[Jun 25, 2023 10:30 PM] A U.K. citizen has been sentenced by а New York court to five years in prison for his role in a Twitter hack including the hijacking of accounts of U.S. political and business figures. The man is also responsible for the theft of large amounts of…

Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations

[Feb 28, 2023 1:36 PM] Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably…

Italy and Albania Bust €15 Million Crypto Investment Scam

[Dec 23, 2022 3:00 AM] Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and…

EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'

[Nov 30, 2022 8:29 PM] Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil.

Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year

[Nov 14, 2022 3:00 AM] A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees…