Latest News and Articles about Cryptocurrency Fraud
Crypto CEO Jeremy Jordan-Jones Faces $1M Fraud Charges Amid Bitcoin’s $111,800 Peak
Startup CEO Jeremy Jordan-Jones Charged in $1 Million Crypto Fraud Scandal The US Attorney for the Southern District of New York, working with the FBI and SEC, has charged Jeremy Jordan-Jones, CEO of Amalgam Capital Ventures, with defrauding investors out of $1 million. This case serves as a stark warning amidst the cryptocurrency market’s growth, […]
Read MoreCelsius Founder Alex Mashinsky Charged with $4.7B Fraud, Faces 30 Years
Celsius Founder Faces Up to 30 Years for $4.7B Crypto Fraud, DOJ Says Alex Mashinsky, the founder of Celsius Network, faces up to 30 years in prison for orchestrating a $4.7 billion cryptocurrency fraud scheme, according to the U.S. Department of Justice. This case underscores the urgent need for regulatory oversight in the cryptocurrency industry. […]
Read MoreHugh Austin Gets 18 Years for $12M Crypto Scam: A Cautionary Tale
Hugh Austin Sentenced to 18 Years for $12m Crypto Scam Hugh Austin sentenced to 18 years for $12m crypto scam Over two dozen victims affected Funds misused for personal luxury Son, Brandon Austin, also sentenced Eugene William Austin Jr., better known as “Hugh Austin,” has been sentenced to 18 years in prison for orchestrating a […]
Read MoreBrazilian 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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