The US CFTC convicted a church pastor for scamming members using cryptocurrency, contributing to a mid-week slump in the crypto sector. Despite efforts towards recovery, the incident has cast a shadow over the community and its markets.
South Korean police arrested 215 people in connection with a $228 million cryptocurrency scam. This significant crackdown highlights the ongoing challenges in regulating the crypto industry.
Daren Li pleads guilty to laundering $73 million in a crypto scam and faces up to 20 years in prison.
A $1.6 million crypto scam involving high-yield investment schemes was uncovered in South Korea, leading to the arrest of 81 individuals. The criminals targeted victims using investment scams instead of traditional crypto hacks or thefts.
Lego's website was hacked to promote a fake cryptocurrency called "Lego coin." The scam involved an unauthorized ad encouraging users to buy "Lego tokens" with promises of secret rewards, redirecting them to a suspicious website.
Tether enhances law enforcement support by freezing nearly $14 million from confidence scams.
The FBI has successfully reclaimed $6 million swindled by a Southeast Asian fraud network targeting U.S. citizens.
The FBI announced a major bust of a crypto scam, resulting in the seizure of over $6 million. The fraud targeted US citizens, tricking them into investing.
Apple CEO Tim Cook's deepfake is being used to promote a crypto scam, following a similar incident involving Elon Musk.
The FBI reports a record $5.6 billion loss due to crypto scams in 2023, a 45% increase from 2022.
A South Korean man was arrested for a crypto scam defrauding 158 investors out of $12 million despite undergoing plastic surgery to evade arrest.
$12.1M fraud suspect with 'new face' arrested, crypto scam boiler rooms busted in Malaysia and the Philippines: Asia Express.
The Australian Federal Police uncovered a major crypto scam where over 2,000 Australian-owned crypto wallets were hacked by foreign fraudsters as part of Operation Spincaster.
A new crypto scam involves fake professors offering fraudulent loans to unsuspecting victims.
Ethereum, Bitcoin, and XRP lead crypto scam losses totaling $1.5 billion in the first half of 2024, with over 200 major incidents reported.
Floyd Mayweather is accused by blockchain investigator ZachXBT of promoting a suspicious token project, facing serious allegations in the cryptocurrency space.
In South Korea, 19 individuals were arrested by the Daegu Police Agency for their involvement in a "crypto reading room" scam, misleading social media users through a manipulative scheme.
South Korean police have arrested 19 people involved in a 'crypto reading room' scam, defrauding over 300 investors of $19 million.
Daren Li and Yicheng Zhang, two Chinese nationals, have been indicted in California for laundering $73 million from a crypto scam known as "pig butchering", managing a global network to legitimize fraudulent crypto gains.
Argentina cracks down on an illegal crypto mining farm. Two Chinese nationals and an Argentine citizen were detained for a crypto scam using a supermarket as a front. Equipment was seized and the Argentine used false identity for crypto investment offers.
Immediate Atarax claims to facilitate trading across cryptocurrencies, forex, and stocks using AI for quick execution and data-driven decisions, but its legitimacy as a trading platform is in question.
Binance's research team played a crucial role in capturing a suspect from the ZKasino cryptocurrency scam, demonstrating corporate influence in law enforcement in the crypto industry.
Austria, Cyprus, and the Czech Republic authorities have arrested six individuals for participating in online crypto scam. Assets worth €2M were frozen.
Dutch authorities seized €11.40 million from a cryptocurrency scam involving ZKasino, and arrested a 26-year-old suspect.
Dutch authorities have apprehended a 26-year-old individual for operating ZKasino, a fraudulent scheme that appropriated €11.40 million in crypto. This action underscores the government's crackdown on crypto-related crimes.
An investor was scammed out of $71 million in WBTC (Wrapped Bitcoin), shedding light on risks within the crypto space, particularly around the safety of digital assets and the importance of due diligence.
Investors face a significant loss as $71 million in Wrapped Bitcoin (WBTC) falls prey to a cryptocurrency scam, underscoring the risks associated with digital currency investments.
A victim lost $69.3 million in WBTC to an address poisoning scam, where they were tricked into sending funds to the wrong address.
A cyber attack targeting a cryptocurrency investor led to $70 million in losses in Wrapped Bitcoin (WBTC), greatly affecting the crypto market and community.
India's enforcement authority has confiscated $10.5 million related to the E-Nuggets scam, with aid from crypto exchanges like Binance. This marks a significant victory in the country's push for cryptocurrency regulation.
Chinese investors are ineligible for Hong Kong Bitcoin ETFs due to regulation, with a small exception. A $6B cryptocurrency scam case goes to court in Asia.
AI-generated deepfake of Elon Musk was used in fake SpaceX solar eclipse live streams to promote a fraudulent cryptocurrency investment scheme.
