Latest News and Articles about Crypto Fraud
Nigeria’s EFCC Hunts CBEX Victims in $1 Billion Crypto Scam Crackdown
Nigeria’s EFCC Seeks CBEX Scam Victims in $1 Billion Crypto Fraud Probe Nigeria’s Economic and Financial Crimes Commission (EFCC) is ramping up its fight against a massive cryptocurrency scam, calling on victims of the Crypto Bridge Exchange (CBEX) to aid in an ongoing investigation. This fraudulent platform allegedly duped investors out of over $1 billion […]
Read MoreInterpol Seizes $100M in African Crypto Bust: Bitcoin Mining and Fraud Exposed
Interpol’s $100M Crypto Crime Bust in Africa: Bitcoin’s Promise Meets Harsh Realities Interpol, alongside African authorities, has delivered a staggering blow to cryptocurrency crime, seizing $100 million in assets and arresting over 1,200 individuals across multiple nations. This operation, centered heavily in Angola, exposes the gritty underbelly of crypto—illegal mining and rampant fraud—while reigniting the […]
Read MoreThailand and China Combat Crypto Scams with AI and Alerts Amid Blockchain Growth
Thailand and China Target Crypto Scams with AI and Warnings Amid Blockchain Push Thailand and China are waging war on the underbelly of the cryptocurrency world, cracking down on illegal websites and fraudulent schemes with cutting-edge tech and stern public warnings. As both nations push forward with digital economies, they’re grappling with the dual reality […]
Read MoreFTX Customers Sue Fenwick & West Over Alleged Role in Multi-Billion Crypto Fraud
FTX Customers Unleash Legal Fury on Fenwick & West for Role in Crypto Fraud Disaster The collapse of FTX in 2022 wasn’t just a financial implosion—it was a gut punch to countless investors who saw billions vanish overnight. Now, in a blistering legal escalation, FTX customers have zeroed in on Silicon Valley heavyweight Fenwick & […]
Read MoreDo Kwon Pleads Guilty in TerraUSD Collapse: 12-Year Sentence, $19M Fine—Justice Served?
Do Kwon Pleads Guilty in TerraUSD Collapse: 12-Year Sentence, $19M Fine—Justice for Investors? Terraform Labs co-founder Do Kwon has officially pleaded guilty to two felony counts of wire fraud and conspiracy to defraud in a U.S. court in the Southern District of New York, a pivotal moment in the aftermath of the TerraUSD collapse in […]
Read MoreT3 FCU Freezes $250M in Crypto Fraud, Launches T3+ with Binance as First Partner
T3 Financial Crime Unit Rolls Out T3+ Program with Binance, Freezes $250M in Crypto Fraud Assets The T3 Financial Crime Unit (T3 FCU), a joint force of TRON, Tether, and TRM Labs, has dropped a major bombshell in the fight against blockchain crime with the launch of the T3+ Global Collaborator Program on August 12, […]
Read MoreBitsonic CEO Shin Jin-wook Gets Second Jail Term for $115K Crypto Fraud
South Korean Bitsonic CEO Hit with Second Jail Term for Crypto Fraud Shin Jin-wook, the CEO of South Korean cryptocurrency exchange Bitsonic, has landed himself another prison sentence, further exposing the underbelly of smaller crypto platforms in a nation obsessed with digital assets. This latest conviction for fraud involving Bitsonic Coin (BSC) is just another […]
Read MoreK-Pop Star Park Gyuri Linked to Pica Coin Scandal in Ex-Boyfriend’s Fraud Trial
K-Pop Star Park Gyuri of Kara Entangled in Pica Coin Crypto Scandal Amid Ex-Lover’s Fraud Trial Park Gyuri, a founding member of the legendary K-pop group Kara, is caught in a storm of allegations over her ties to Pica Coin, a failed art-themed altcoin, as her ex-boyfriend Song Ja-ho stands trial for fraud and breach […]
Read MoreRussian Embassy Seeks Updates on WEX CEO Vasiliev in US Crypto Fraud Case
Russian Embassy Demands Answers on WEX CEO Dmitry Vasiliev as Crypto Fraud Case Unfolds The legal quagmire surrounding Dmitry Vasiliev, former CEO of the collapsed cryptocurrency exchange WEX, has escalated with the Russian Embassy in Washington DC pressing the US State Department for updates on his status. Extradited from Poland to the US in late […]
Read MoreLondon Crypto Scammers Jailed for $2M Bitcoin Fraud: FCA Cracks Down
Crypto Fraud Exposed: London Scammers Jailed for $2M Bitcoin Scam Two Greater London residents, Raymondip Bedi and Patrick Mavanga, have been sentenced to a combined 12 years in prison for masterminding a cryptocurrency scam that fleeced at least 65 investors out of $2.1 million (£1.54 million). Running their operation between 2017 and 2019, a peak […]
Read MoreSeven Chinese Nationals Jailed in Nigeria for Cyberterrorism and Crypto Fraud
Seven Chinese Nationals Jailed in Nigeria for Cyberterrorism and Crypto Fraud A significant crackdown on international cybercrime unfolded in Lagos, Nigeria, as a federal high court sentenced seven Chinese nationals to prison for orchestrating a sophisticated network of internet fraud and cyberterrorism. Tied to romance scams and fraudulent cryptocurrency schemes, this case lays bare the […]
Read MoreAlex Mashinsky Waives Bankruptcy Rights: A Win for Celsius Creditors or Hollow Gesture?
Former Celsius CEO Alex Mashinsky Waives Bankruptcy Rights: Accountability or Empty Gesture in Crypto Fraud Case? A stunning turn in the Celsius Network saga has former CEO Alex Mashinsky waiving his rights to bankruptcy distributions, as filed with the U.S. Bankruptcy Court for the Southern District of New York. Alongside three related entities—AM Ventures Holdings […]
Read MoreCrypto Startup Founder Faces 82 Years for $1M Fraud: A Cautionary Tale
Crypto Startup Founder Charged with $1 Million Fraud: A Warning to Investors Jeremy Jordan-Jones, the founder of the now-defunct crypto startup Amalgam, faces charges for allegedly defrauding investors out of over $1 million in a scheme that highlights the risks in the crypto space. Jeremy Jordan-Jones charged with defrauding investors of over $1 million. Amalgam […]
Read MoreSEC Charges Unicoin in $110M Fraud: Asset-Backed Token Claims Debunked
SEC Uncovers $110M Crypto Scandal: Unicoin’s Asset-Backed Claims Fall Apart The U.S. Securities and Exchange Commission (SEC) has charged New York-based Unicoin and its executives with orchestrating a $110 million fraud, misleading over 5,000 investors. The case highlights the perils of false promises in the crypto world, particularly around asset-backed tokens. SEC charges Unicoin and […]
Read MoreAlex Mashinsky Sentenced to 12 Years for Celsius Network Crypto Fraud
Alex Mashinsky Receives 12-Year Sentence for Celsius Network Crypto Fraud Scandal – Mashinsky sentenced to 12 years for fraud – Celsius Network collapsed in June 2022 due to a $1 billion shortfall – Case highlights the need for crypto regulation Alex Mashinsky, the mastermind behind Celsius Network, has been handed a 12-year prison sentence for […]
Read MoreAlex Mashinsky Sentenced to 12 Years for $7B Celsius Crypto Fraud
Celsius Network’s Alex Mashinsky Sentenced to 12 Years for Crypto Fraud Alex Mashinsky, the founder of Celsius Network, has been sentenced to 12 years in prison for defrauding investors, marking a significant moment in the crypto lending sector that led to over $7 billion in losses. Alex Mashinsky sentenced to 12 years for defrauding investors. […]
Read MoreCelsius Founder Mashinsky’s Defense Calls 20-Year Sentence Request “Death-in-Prison
Celsius Founder Mashinsky’s Defense Slams DOJ’s 20-Year Sentence Request as “Death-in-Prison” The legal battle surrounding Alex Mashinsky, the former CEO of Celsius Network, has intensified with his defense team strongly opposing the U.S. Department of Justice’s request for a 20-year prison sentence, labeling it a “death-in-prison sentence” for a non-violent, first-time offender. U.S. prosecutors seek […]
Read MoreBen McKenzie’s Documentary Unveils Crypto Fraud at SXSW London
Ben McKenzie’s New Documentary Exposes Crypto Fraud: ‘Everybody Is Lying to You for Money’ Premieres at SXSW London Can a Hollywood actor uncover the dark side of cryptocurrency? Ben McKenzie, known for his roles in “Gotham” and “The O.C.,” believes so. He’s directing a new documentary titled “Everybody Is Lying to You for Money,” which […]
Read MoreCelsius Founder Alex Mashinsky Faces 20-Year Sentence for $25B Crypto Fraud
Celsius Network Founder Alex Mashinsky Faces 20-Year Sentence for Multi-Billion Dollar Crypto Fraud U.S. prosecutors are pushing for a 20-year prison sentence for Alex Mashinsky, the founder of Celsius Network, in a case that highlights one of the largest frauds in the cryptocurrency industry. This case serves as a stark reminder of the risks and […]
Read MoreSEC Charges Ramil Palafox in $198M Crypto Ponzi Scheme: A Wake-Up Call for Investors
SEC Charges Ramil Palafox in $198 Million Crypto Ponzi Scheme Scandal Investors beware: Ramil Palafox, the founder of PGI Global, has been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a massive $198 million Ponzi scheme. This case serves as a harsh reminder of the potential for fraud within the crypto space, […]
Read MoreIllinois Advances Crypto Fraud Bill: Senate Bill 1797 Moves Forward
Illinois State Senator Mark Walker’s Crypto Fraud Bill Advances Illinois State Senator Mark Walker’s Digital Assets and Consumer Protection Act (Senate Bill 1797) has moved a step closer to becoming law after passing the Illinois Senate Executive Committee on April 4, 2025. This bill aims to protect consumers from digital asset fraud while fostering innovation […]
Read MoreU.S. Gov Recovers $7M in Crypto Fraud: Victims Urged to Claim Funds
$7,000,000 Up for Grabs As Feds Tell Crypto Fraud Victims To Come Recover Their Money The U.S. government has recovered $7 million from a sophisticated cryptocurrency fraud scheme and is inviting victims to reclaim their lost funds. The fraud involved social engineering tactics, where perpetrators gained victims’ trust and directed them to fake websites mimicking […]
Read MoreWest Virginia Court Alerts Public to Bitcoin Scam Using Fake Jury Duty Warrants
West Virginia Court Warns of Sophisticated Bitcoin Scam Involving Fake Jury Duty Arrest Warrants The U.S. District Court of the Western District of Virginia has issued a critical alert regarding a cunning Bitcoin scam that targets unsuspecting individuals with fake arrest warrants for allegedly missing jury duty. These scammers not only demand payment in Bitcoin […]
Read MoreDebiex Hit with $2.5M Fine for Romance Crypto Scam: CFTC Crackdown
Debiex Ordered to Pay $2.5M After CFTC Alleges Romance Scam Operation An Arizona federal court has ordered Debiex, a crypto trading platform, to pay nearly $2.5 million following a lawsuit by the U.S. Commodity Futures Trading Commission (CFTC). The court’s decision came after the CFTC accused Debiex of operating a “pig butchering” romance scam, defrauding […]
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