This week saw significant developments across Asia’s cryptocurrency sector. Hong Kong is set to issue its first stablecoin licenses in early 2026, with a focus on HKD-pegged tokens. […]
FTX Issues Warning: Phishing Attacks Target Bankruptcy Claimants
FTX has issued a crucial alert warning users about fraudulent phishing campaigns targeting individuals awaiting bankruptcy distributions. These scams aim to deceive customers expecting payments, falsely claiming significant […]
UK Seizes $6.7 Billion in Bitcoin in Landmark Crypto Fraud Case
The UK government has taken a major step in combating cryptocurrency fraud, seizing nearly $6.7 billion worth of Bitcoin in a historic case that highlights the challenges and […]
Texas Court Rules Against Ponzi Operator Nathan Fuller’s Bankruptcy Petition
A Texas court has rejected the bankruptcy request of Nathan Fuller, the mastermind behind a multi-million dollar Ponzi scheme. The ruling, which emphasizes accountability in crypto fraud, sends […]
Texas Judge Stops Ponzi Operator’s Debt Wipeout Attempt
A Texas court has denied Nathan Fuller, accused of running a crypto Ponzi scheme through his company Privvy Investments LLC, the chance to erase debts owed to defrauded […]
CoinMarketCap Warns of Counterfeit Tokens, Urges Vigilance
Fraudulent schemes have emerged where scammers are impersonating the CoinMarketCap (CMC) brand by promoting fake tokens and posing as CMC staff to deceive investors. The platform emphasizes that […]
American Sentenced, Faces Multi-Million Dollar Restitution For Crypto Investment Fraud
Shengsheng He from La Puente has been sentenced to 51 months in prison and ordered to repay nearly $27 million for his role in a sprawling investment scheme […]
Ripple CTO Raises Alarm Over Deepfake Scams Targeting XRP
David Schwartz, Ripple’s Chief Technology Officer, has alerted the XRP community about a dangerous rise in deepfake scams targeting CEO Brad Garlinghouse. The scam uses manipulated video footage […]
Ex-Cred Execs Sentenced to 88 Months in Prison for Crypto Fraud
Two former executives of the defunct cryptocurrency lender Cred LLC have been sentenced to a combined 88 months in prison for their roles in a wire fraud conspiracy […]
Cred LLC Leaders Sentenced For Crypto Fraud Case
Two former executives of San Francisco-based crypto lender Cred LLC have been sentenced to prison for their role in the company’s November 2020 collapse. Daniel Schatt, Co-Founder and […]
Cred Executives Sentenced in $140M Wire Fraud Case
Two Cred LLC executives were sentenced for wire fraud following the company’s bankruptcy, with customer claims exceeding $140 million. The sentencing highlights significant risks in crypto-financed lending and […]
Crypto Thief Convinces Victims to Hand Over Millions in a Fake Police Scam
A cunning imposter has defrauded unsuspecting victims of millions in cryptocurrency by impersonating a UK police officer. The case, which is garnering significant attention, reveals the growing threat […]
EminiFX Founder Ordered to Pay $228 Million in Restitution
Eddy Alexandre, founder of the now-defunct EminiFX platform, has been ordered to pay over $228 million in restitution for a Ponzi scheme that defrauded investors. The US court […]
FBI Raises Alarm Over Fake Crypto Recovery Services Targeting Scam Victims
The FBI has issued a warning about fraudulent services preying on individuals who have fallen victim to crypto scams. These schemes involve fictitious law firms contacting victims, promising […]
Shiba Inu Team Warns Users of New Fraud Scheme Targeting SHIB Holders
The Shiba Inu team has issued a critical security alert warning users about a new phishing scam targeting the cryptocurrency community. The fraudulent scheme involves impersonating official crypto […]