Do Kwon, the founder of Terraform Labs, is seeking a five-year prison sentence for his role in the collapse of TerraUSD. This plea agreement also includes forfeiting assets […]
Interpol Identifies Crypto Fraud as Major Transnational Crime Threat
These networks have adapted their methods by utilizing advanced technology to deceive victims while operating across borders. Initially prominent in Southeast Asia, scam centers have expanded to Russia, […]
UK Cracks Down on Cryptocurrency Fraud: $28 Million Fund Collapse Under Investigation
The Serious Fraud Office (SFO) of the UK has launched a major investigation into the collapse of a cryptocurrency scheme that raised $28 million, signaling a renewed effort […]
UK Investigates Crypto Fraud Following $28 Million Basis Markets Collapse
The Serious Fraud Office (SFO) is investigating the collapse of crypto project Basis Markets, which raised $28 million before abruptly shutting down in June 2022. Following a sudden […]
U.S. Agencies Launch Strike Force to Combat Chinese Crypto Fraud
In a significant move against financial crime, US agencies have formed a specialized task force to combat Chinese-linked crypto scams. The U.S. Department of Justice, FBI, and Secret […]
Wolf Capital CEO Sentenced for $9.4 Million Ponzi Scheme
Travis Ford, the CEO of Wolf Capital Crypto Trading LLC, has been sentenced to five years in prison after admitting to running a $9.4 million Ponzi scheme. The […]
Ripple Sounds Alarm Over Fake Live Videos Targeting XRP Holders at Swell Event
In a recent warning, Ripple has alerted the crypto community about a surge in fraudulent live streams during its highly-anticipated Swell event in New York City. The company’s […]
Argentina Takes Action: Freezing Assets Over $120 Million Libra Token Fraud
Argentina has initiated a significant crackdown on crypto fraud involving the suspected Libra Token scheme, freezing assets related to the alleged $120 million scam. This action comes as […]
Ethereum Fraud Case Ends in Mistrial, Raising Legal Questions for MEV Practices
A mistrial has been declared in the high-profile Ethereum fraud case against brothers Anton and James Peraire-Bueno, accused of exploiting MEV to embezzle $25 million. After weeks of […]
Mistrial Declared in Ethereum Fraud Case Against ‘MEV Brothers’
A key development has unfolded in the case against the ‘MEV Brothers’, Anton and James Peraire-Bueno, who face accusations of defrauding Ethereum users through a $25 million MEV […]
Thodex Founder Found Dead, Ending Türkiye’s Longest Crypto Fraud Case
The founder of Thodex, Faruk Fatih Ozer, has been found dead in prison, bringing an end to one of Türkiye’s longest crypto fraud cases. Ozer was serving a […]
Thodex Founder Dies in Custody After 11,000-Year Sentence
The founder of the now-defunct exchange Thodex, Selçuk Özer, has passed away while serving his lengthy sentence for fraud. Authorities are currently investigating the circumstances surrounding his death […]
UK Police Arrest Five in Major Crypto Fraud Case
A significant crackdown has been launched by UK police with the arrest of five individuals suspected of involvement in a major crypto fraud case. The investigation reveals that […]
MIT Graduates Face Trial Over $25 Million Ethereum Crypto Fraud
James and Anton Peraire-Bueno, known online as Snoopy and Curious Rabbit, are facing trial in New York for allegedly defrauding investors of $25 million through a crafting scheme […]
Asia’s Crypto Landscape Shifts as Stablecoins, Fraud Cases, and Institutional Moves Drive Major Developments
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. […]