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Police Warn of Bitcoin Scammers Posing as Bank Representatives

[Aug 14 9:30 AM] The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised…

US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

[Aug 8 6:05 PM] A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of…

Crypto Aid Israel Fundraiser to Help Victims of Hamas Assault

[Oct 10, 2023 11:30 PM] Members of Israel’s Web3 community have launched Crypto Aid Israel, a fundraiser in support of those affected by the conflict with Hamas. The goal is to attract cryptocurrency donations to relieve the humanitarian situation of thousands of…

Multichain victims search for answers in $1.5B exploit as new evidence emerges

[Aug 23, 2023 9:00 AM] Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID.

Crypto scams are down 77% — but this exploit is making a huge comeback

[Jul 12, 2023 9:21 AM] Attackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms.

Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets

[Jun 23, 2023 5:30 AM] A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments…

Atomic Wallet Hack: Decentralized Finance Wallet Breached, Millions Lost in Attack

[Jun 4, 2023 8:00 AM] On June 3, 2023, numerous sources revealed details about an attack on Atomic Wallet that resulted in significant financial losses for many victims. The Atomic Wallet team announced they are looking into the issue, while onchain investigators like…

Blockchain security firm freezes $160K stolen in Merlin DEX 'rugpull'

[May 4, 2023 9:22 PM] CertiK has contacted law enforcement in the U.S. and U.K. to find the pseudonymous operators.

Chatgpt ‘Is the New Crypto,’ Meta Says Malware Actors Exploit AI Craze

[May 4, 2023 3:30 PM] A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot is “the new crypto” for bad…

Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US

[Apr 13, 2023 9:00 PM] An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency…

Ukraine Dismantles $40 Million Russian Crypto Pyramid

[Apr 6, 2023 3:30 PM] Ukrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies…

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

[Feb 23, 2023 4:30 PM] Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly…

Celsius creditors committee proposes suing Mashinsky, other Celsius execs

[Feb 14, 2023 10:07 PM] The proposed lawsuit names Alex Mashinsky and a number of former executives and co-founders for alleged “recklessness, gross mismanagement, and self-interested conduct.”

Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey

[Feb 8, 2023 4:30 PM] Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of…

Founder of $7.5M ‘brazen fraud scheme’ gets 8 years behind bars

[Jan 31, 2023 8:34 PM] Randall Crater was ordered to pay back the millions lost by victims of his fraudulent crypto scheme and spend 100 months in jail followed by a three-year supervised release.

Hive Ransomware Network Dismantled by American, European Law Enforcement

[Jan 27, 2023 3:30 PM] Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted…

Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports

[Jan 20, 2023 11:30 PM] While the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes that to a large extent the trend can be…

New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over

[Jan 19, 2023 1:30 PM] Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring…

Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme

[Jan 13, 2023 11:30 PM] More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect…

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…

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…