Crypto fraud

US Federal Prosecutors Charge Fraudster Duo in $230M Crypto Theft

September 20, 2024

Federal prosecutors on Thursday formally charged two fraudsters with crypto theft amounting to more than $230 million in cryptocurrencies. This move was revealed by blockchain investigator ZachXBT. Malone Lam, 20, and Jeandiel Serrano, 21, were charged with stealing and laundering crypto from a victim in

Regulation·Security

Chinese Authorities Crack Down on $300 Million Crypto Fraud Ring

May 13, 2024

Chinese authorities have apprehended six suspects involved in a sophisticated cryptocurrency fraud operation amounting to 2.94 billion yuan, equivalent to approximately $300 million. The suspects were arrested by The Public Security Bureau of Panshi in Jilin province, Northeast China, following an intensive investigation into their illicit activities. The suspects allegedly operated an underground bank that

April 12, 2024

SBF’s Extensive Requests: Appeals Sentence, Demands California Jail Near Family

In a legal saga that continues to stun the cryptocurrency industry, the

April 2, 2024

SBF’s Moral Quandary: The Many Times Crypto’s ‘Golden Boy’ Denied Culpability

On numerous occasions, Sam Bankman-Fried (SBF), the disgraced crypto mogul of the

Community·Markets·Policy·Security

Fraud Alert: Fake China Construction Bank Sites Target Hong Kong Users

The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites impersonating China Construction Bank (Asia) Corporation Limited, urging

November 14, 2024

Road 2 Crypto·Security

DWF Labs Fires Partner Eugene Ng Over Drink Tampering Allegations

DWF Labs, a prominent player in the cryptocurrency space, faces a potential crisis as serious allegations have surfaced against one of its

October 30, 2024

Bitcoin·Blockchain·Defi·Markets·Policy·Regulation·Shibarium·Technology

The Shib Crypto Recap: Wednesday

As Wednesday unfolds, the top news headlines are dominated by the latest developments in global cryptocurrency trends, alongside legal and financial consequences

October 23, 2024

Defi·Road 2 Crypto·Security

Red Card Scandal: Trial Begins for 20 Defendants in €28 Million Scam

A French conference center will host a high-profile trial where over 20 defendants face charges for allegedly defrauding more than 1,300 individuals

October 23, 2024

Regulation·Security·Technology

Leader of Massive Credit Card Fraud in Japan Arrested With Help of Crypto

Japan’s National Police Agency, along with a joint investigation team from nine prefectural police forces, has arrested 26-year-old Yuta Kobayashi on suspicion

October 22, 2024

Blockchain·Security

Indian National Faces Five Years in Jail for $20M Crypto Fraud

A citizen of India has been sentenced to five years in prison for orchestrating a crypto fraud that stole over $20 million

October 21, 2024

Road 2 Crypto·Security

NH Nonghyup Bank Manager Embezzles 12.1 Billion Won Using Fake Real Estate Loans

An internal audit at NH Nonghyup Bank in Seoul has revealed that a branch manager embezzled 12.1 billion won (approx. $876,000) through

October 18, 2024

Security·Technology

Ledger Wallet Users Targeted in Phishing Scheme to Activate Fake ‘Clear Signing’ Feature

A new phishing campaign is targeting Ledger wallet users to trick them into activating a fraudulent security feature called “Ledger Clear Signing”

October 16, 2024

Policy·Regulation

Hong Kong Police Uncover $360M Global Crypto Fraud Ring

In the heart of Hung Hom neighborhood in Hong Kong, police uncovered a massive cross-border fraud center responsible for defrauding victims worldwide

October 16, 2024

Policy·Regulation·Security

Ground Zero: Southeast Asia’s Dark Underbelly of Virtual Asset-Related Crimes

The United Nations Office on Drugs and Crime (UNODC) recently highlighted the increasing use of cryptocurrency and similar high-risk virtual assets in

October 11, 2024

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