Latest News and Articles about Crypto Fraud
Sam Bankman-Fried’s Prison Claims: Debunking FTX Collapse Myths or Deflection?
Sam Bankman-Fried’s Prison Statement: Unpacking Myths About the FTX Collapse and Crypto Fraud Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, has resurfaced with a defiant social media post from prison. Labeling them as “10 myths,” he’s challenging the dominant narrative around FTX’s catastrophic downfall in 2022, his conviction on fraud charges, […]
Read MoreSBF’s Prison Claims: Debunking FTX “Myths” or Spinning More Lies?
SBF’s Prison Play: Unraveling “10 Myths” or Just More Spin? Sam Bankman-Fried, the once-celebrated crypto prodigy turned convicted felon, has dropped a bombshell from his cell at Brooklyn’s Metropolitan Detention Center. In a recent thread on X titled “10 Myths About Me & FTX,” SBF—serving a 25-year sentence for fraud and conspiracy—seeks to rewrite the […]
Read MoreSouth Korea’s FSS Deploys AI and Nvidia Tech to Combat Crypto Fraud
South Korea’s FSS Unleashes AI and Nvidia Tech to Crush Crypto Market Manipulation South Korea’s Financial Supervisory Service (FSS) is stepping up its game against cryptocurrency market manipulation, arming itself with cutting-edge AI and Nvidia firepower. With over 36,000 suspicious transactions flagged in the first eight months of 2025 alone, the regulator is making it […]
Read MoreConnecticut Man Faces 21 Charges in $1M Bitcoin Scam Bust
Connecticut Man Hit with 21 Federal Charges in $1 Million Bitcoin Scam A 24-year-old from Wolcott, Connecticut, named Elmin Redzepagic, is under fire from federal authorities for allegedly masterminding a cryptocurrency scam that swindled nearly $1 million in Bitcoin from hopeful investors. Facing a 21-count indictment, this case rips open the ugly side of the […]
Read MoreChina’s AI Crackdown and Innovation Push: Lessons for Bitcoin and Crypto Fans
China’s AI Crackdown and Innovation Surge: What Crypto and Bitcoin Fans Should Know China is swinging a heavy regulatory hammer at AI scammers impersonating giants like ChatGPT and DeepSeek, while simultaneously turbocharging its own tech to outpace the U.S. in a global race for dominance. This dual approach raises big questions about trust, control, and […]
Read MoreThailand and China Crack Down on Crypto Scams with AI and Bans Amid Digital Push
Thailand and China Take Aim at Crypto Scams Amid Digital Ambitions and Hardline Bans Thailand and China are battling the shadowy side of cryptocurrency with distinct strategies, from cutting-edge AI tools to stern public warnings, as they confront rampant scams costing millions. While one nation pushes digital innovation, the other doubles down on prohibition, yet […]
Read MoreU.S. Senators Target Crypto Fraud and Ethics with CLARITY Act Amendments
Senators Take Aim at Crypto Chaos: Fraud, Ethics, and the Fight for Trust Washington is cracking down on the underbelly of the cryptocurrency world as U.S. Senators propose bold amendments to the CLARITY Act, a bill designed to bring order to the largely unregulated digital asset market. From curbing fraudulent transactions at Bitcoin ATMs to […]
Read MoreNigerian SEC and Police Team Up to Crush Crypto Ponzi Schemes
Nigerian SEC Joins Forces with Police to Combat Crypto Ponzi Schemes Nigeria, a global leader in cryptocurrency adoption, is cracking down on the rampant fraud plaguing its digital asset space. The Nigerian Securities and Exchange Commission (SEC) has partnered with the Nigeria Police Force (NPF) to tackle cryptocurrency scams and Ponzi schemes, aiming to safeguard […]
Read MoreSEC Cracks Down on $14M Crypto Scam Amid Regulatory Rollback Under Trump
SEC Targets $14M Crypto Fraud: Bitcoin and Blockchain Scams Under Fire The US Securities and Exchange Commission (SEC) has launched a scathing attack on a network of fake cryptocurrency trading platforms and AI-branded investment clubs, charging them with defrauding retail investors out of a jaw-dropping $14 million. This case exposes the predatory rot festering in […]
Read MoreBrooklyn Man Charged in $16M Coinbase Phishing Scam: Crypto Security Alert
Brooklyn Man Charged in $16M Coinbase Crypto Scam: A Security Wake-Up Call A 23-year-old Brooklyn resident, Ronald Spektor, faces 31 charges for allegedly masterminding a phishing scheme that siphoned over $16 million in digital assets from more than 100 Coinbase users. Operating under the alias “lolimfeelingevil,” Spektor’s audacious fraud exposes the raw underbelly of crypto […]
Read MoreBitcoin Rodney Charged in $1.8B HyperFund Scam: Fraud, Luxury, and Legal Reckoning
Crypto Promoter “Bitcoin Rodney” Faces New Charges in $1.8 Billion HyperFund Scam The crypto space has been hit with another gut-wrenching scandal as Rodney Burton, widely known as “Bitcoin Rodney,” is slapped with a fresh indictment linked to the staggering $1.8 billion HyperFund pyramid scheme. Almost two years after the U.S. Department of Justice (DOJ) […]
Read MoreKenya Forms Crypto Fraud Unit as 2024 Losses Hit $43 Million
Kenya Launches Specialized Unit to Battle Crypto Fraud as Losses Skyrocket to $43 Million Kenya is taking a stand against the epidemic of cryptocurrency fraud that has cost its citizens dearly, with a staggering $43.3 million lost in 2024 alone. The Directorate of Criminal Investigations (DCI) has rolled out a specialized unit to confront this […]
Read MoreIndian Police Bust Bengaluru Crypto Scam: Microsoft Impersonators Arrested in Major Raid
Indian Police Smash Crypto Scam in Bengaluru: Microsoft Impersonators Caught in Major Raid Indian police have struck a decisive blow against cybercrime, raiding a high-tech scam operation in Bengaluru and arresting 21 individuals posing as Microsoft technical support staff. Under the deceptive front of Musk Communications, this syndicate targeted U.S. citizens with fake security alerts […]
Read MoreGujarat CID Busts ₹200 Crore Crypto Fraud Linked to Pakistan Wallets
India’s Gujarat CID Busts ₹200 Crore Crypto Fraud Racket with Pakistan Links Gujarat’s CID Crime unit has delivered a staggering blow to a cross-border cybercrime syndicate, uncovering a ₹200 crore cryptocurrency laundering operation with direct ties to Pakistan-based wallets. This massive bust, involving mule bank accounts and digital assets like USDT (Tether), lays bare the […]
Read MoreAI-Driven Crypto Scams Surge: Blockchain Defenses Fight Back in 2024
AI vs AI: Battling Crypto Scams with Blockchain and Tech Defenses The crypto world is under siege. Picture a slick video call with a financial guru pitching a “guaranteed” Bitcoin windfall, only to realize too late it’s a deepfake crafted by AI to swipe your savings. As generative AI supercharges scams with chilling precision, a […]
Read MoreEuropol Busts Latvian Cybercrime Hub in Operation SIMCARTEL: Crypto Faces Fraud Wake-Up Call
Europol Smashes Latvian Cybercrime Hub in Operation SIMCARTEL: A Wake-Up Call for Crypto and Blockchain European law enforcement has delivered a devastating strike to the dark underbelly of cybercrime, dismantling a Latvian-based platform that powered phishing scams, investment fraud, and a host of other digital crimes. Through the international effort known as Operation SIMCARTEL, Europol […]
Read MoreChinese National Admits Guilt in $6.7B Bitcoin Fraud, Largest Seizure Ever
Chinese National Pleads Guilty in Historic $6.7B Bitcoin Seizure Case A Chinese national, Zhimin Qian, also known as Yadi Zhang, has admitted guilt in orchestrating a colossal $6.7 billion (£5 billion) cryptocurrency fraud, leading to the seizure of 61,000 BTC—the largest Bitcoin haul in history. This staggering case, spanning fraud, international money laundering, and a […]
Read MoreTennessee Couple Fined $7M for Crypto Scam: Investor Warning on Fraud Risks
Tennessee Couple Hit with $7M Penalty for Crypto Fraud: A Wake-Up Call for Investors A Tennessee couple, Michael and Amanda Griffis, has been ordered to pay nearly $7 million in penalties and restitution after defrauding 145 investors out of $6.5 million through a sham cryptocurrency trading scheme called Blessings Thru Crypto. This case is a […]
Read MoreNigeria’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, […]
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