Latest News and Articles about Cryptocurrency Fraud
Brazilian Extradited for $290M Bitcoin Ponzi Scheme Faces 20-Year Sentence
Brazilian National Faces 20-Year Sentence for $290 Million Bitcoin Ponzi Scheme From the sunny beaches of Brazil to the courtrooms of Seattle, Douver T. Braga’s journey from crypto kingpin to accused fraudster is a stark reminder of the dark side of digital currency. Brazilian national extradited for running $290 million Bitcoin Ponzi scheme. Trade Coin […]
Read MoreHashFlare Founders Guilty of $577M Crypto Ponzi Scheme: $400M in Assets to Be Forfeited
HashFlare Founders Admit Guilt in $577 Million Crypto Ponzi Scheme Sergei Potapenko and Ivan Turõgin, the masterminds behind HashFlare, have confessed to orchestrating a colossal $577 million Ponzi scheme that has left hundreds of thousands of investors worldwide feeling the sting of betrayal. From their base in Estonia, these 40-year-old entrepreneurs sold fraudulent crypto mining […]
Read MoreMalaysian Accountant Loses RM460,888 in Bitcoin Scam via PFOU Platform
Malaysian Accountant Falls Prey to Bitcoin Scam, Loses Half a Million A 61-year-old Malaysian accountant has fallen victim to a cunning Bitcoin scam, losing a jaw-dropping RM460,888 (around half a million). Seduced by the allure of high returns, she invested in a fraudulent platform called PFOU, only to uncover the grim reality of cryptocurrency fraud. […]
Read MoreChainalysis Boosts Fraud Defense with $150M Alterya AI Acquisition
Chainalysis Acquires AI Startup Alterya for $150M to Combat Cryptocurrency Fraud Chainalysis, a leading blockchain analytics firm, has made a strategic acquisition of Alterya, an AI-powered fraud detection startup, for $150 million. This move bolsters Chainalysis’s capabilities in thwarting illicit transactions at a time when the crypto industry faces sophisticated scams fueled by generative AI. […]
Read MoreIndian Authorities Arrest Kurrimela Ramesh Goud in $11M Crypto Fraud Case
Indian Authorities Crack Down on Crypto Fraud: Kurrimela Ramesh Goud Arrested Indian authorities have arrested Kurrimela Ramesh Goud, a 47-year-old from Nellutla village in Jangoan District, for orchestrating a cryptocurrency fraud scheme that defrauded 44 investors of a staggering Rs. 95 crores ($11 million). The scam unraveled when victims demanded their promised returns, leading to […]
Read MoreEx-Delphi Digital VP Sentenced to 4 Years for $4.5M Crypto Fraud; Must Repay $4.6M
Ex-Delphi Digital VP Jailed for $4.5 Million Cryptocurrency Fraud A former rising star in the crypto world, Dylan Meissner, now faces four years in federal prison for siphoning nearly $4.5 million from his employer, Delphi Digital, a noted cryptocurrency research firm. The case uncovers layers of personal struggles, financial desperation, and the calculated risk-taking that […]
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