A new report by Solidus Labs reveals a concerning trend on the Solana blockchain. The firm found that 98.6% of tokens launched on Pump.fun, a platform based in […]
Ex-Celsius CEO Alex Mashinsky Receives 12-Year Prison Sentence for Fraud
Alex Mashinsky, former CEO of Celsius Network, has been sentenced to 12 years in prison for orchestrating a fraudulent scheme that targeted investors and manipulated the cryptocurrency market. […]
FTC Sues IYOVIA Over Alleged $1.2 Billion Cryptocurrency Fraud
The Federal Trade Commission (FTC) has filed a lawsuit against IYOVIA, accusing the company of orchestrating a significant cryptocurrency fraud scheme that may have defrauded investors out of […]
UK Court Orders Closure of BTCMining Amidst Fraud Allegations
The UK-based cryptocurrency mining platform, BTCMining, has been ordered to cease operations by the court after facing allegations of international fraud. The company, which provided ‘cloud mining’ services […]
Celsius Founder Faces Potential 20-Year Prison Sentence in Major Fraud Case
Alex Mashinsky, the founder of collapsed crypto lender Celsius Network, faces a potential 20-year prison sentence for orchestrating a massive fraud scheme that left thousands of customers with […]
Alex Mashinsky Faces Sentencing for Crypto Fraud, Scheduled for May 8
Former Celsius CEO Alex Mashinsky’s sentencing date has been confirmed as May 8th. He pleaded guilty to charges of commodities fraud and price manipulation related to Celsius’s native […]
Joint Operation Dismants $4.3M Ethereum Phishing Scam, Highlights Growing Crypto Fraud Challenges
A coordinated effort between the U.S. Secret Service and Canadian law enforcement agencies resulted in the takedown of a major Ethereum phishing scam. The operation, dubbed ‘Operation Avalanche’, […]
Hacked Official X Account Promotes Fake Cryptocurrency
British Cabinet Minister Lucy Powell’s official X (formerly Twitter) account was recently hacked to promote a fraudulent cryptocurrency called ‘House of Commons Coin’ ($HCC). The posts falsely portrayed […]
UK Minister’s X Account Hacked to Promote Fake Cryptocurrency
UK government minister Lucy Powell’s Twitter account was compromised in a scam involving a fake cryptocurrency called ‘$HCC’. The attacker falsely claimed the coin was a ‘House of […]
FBI Recovers Millions From Heartland Tri-State Bank Cryptocurrency Fraud Case
The FBI has achieved a significant victory in recovering $8.2 million from the fraudulent cryptocurrency scheme that led to the collapse of Heartland Tri-State Bank in Elkhart, Kansas. […]
South Korean Court Sentences Three Crypto Scammers for $416K Fraud Scheme
A South Korean court has delivered sentences to three individuals who were found guilty of orchestrating a fraudulent investment scheme that defrauded victims of approximately $416,000 (around 610 […]
T-Mobile Ordered to Pay $33 Million Over SIM Swap Attacks Causing Crypto Theft
A landmark decision has awarded a significant sum of $33 million in damages to victims affected by SIM swap attacks targeting cryptocurrency holders. The case against T-Mobile, one […]