The Indian authorities have seized over $280 million in crypto assets and arrested Pavel Prozorov, the alleged mastermind behind the OctaFX Ponzi scheme, in Spain. This action comes […]
Celebrity Hairstylist Faces Fraud Charges After Multi-Million Crypto Scam
Jawed Habib, a well-known celebrity hairstylist, and his son Anos Habib have been implicated in a multi-million dollar crypto fraud case. The pair allegedly tricked over 100 investors […]
Australia Tightens Grip on Crypto ATMs amid Surge in Scams & Money Laundering
As crypto ATM installations surge across Australia, posing a growing threat to financial security, the government is taking action. New powers have been granted to AUSTRAC to target […]
Billionaire Businessman Fleeing After $1.8B Bitcoin Scam Leaves Cryptocurrency World in Jeopardy
A Cambodian businessman, Chen Zhi, chairman of Prince Group, is suspected to have orchestrated a massive $1.8 billion Bitcoin scam dubbed
US and UK Target Prince Group in Major Crackdown on Cryptocurrency Fraud
A global crackdown on cryptocurrency fraud has been initiated, with the United States and the United Kingdom jointly sanctioning the Prince Group for orchestrating a vast scam network. […]
Russia Proposes National Crypto Bank for Financial Crime Prevention
Russia’s government is exploring a new approach to combat financial crimes and boost revenue through the creation of a national crypto bank. The initiative, spearheaded by policymakers Yevgeny […]
U.S. Targets 19 Entities for Role in Cryptocurrency Investment Scams from Southeast Asia
The U.S. Department of the Treasury has taken action against 19 entities based in Myanmar and Cambodia that are alleged to be involved in cryptocurrency investment scams targeting […]
US Cracks Down on Cryptocurrency Scams Linked to Human Trafficking
The U.S. Department of the Treasury has taken a decisive stance against criminal networks involved in cryptocurrency scams, targeting 19 organizations operating in Myanmar and Cambodia. These groups […]
Beijing Financier’s Assets Seized in Crypto Crime Case, Raising Regulatory Questions
Authorities have seized assets belonging to Song Shijie, a prominent Beijing financier, in a cross-border investigation into illegal securities trading. The UK’s National Crime Agency has confiscated his […]
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 […]
Fraud Charges Filed Against Anchorage Man, Indian National: DOJ Investigates Nine-Year Scheme
In a major development, the US Department of Justice (DOJ) has filed charges against Gregg from Anchorage and Pandey from India for a nine-year fraud scheme. The indictment […]
Former L.A. Bank Manager Indicted for Alleged Financial Fraud
Weixin ‘Tony’ Chen, former manager at Cathay Bank in Los Angeles, faces federal charges for allegedly stealing from customers through fraudulent account creation and fund transfers. No connection […]
Former Cathay Bank Manager Charged with Fraud, Faces Up to 30 Years in Prison
A former bank manager at Cathay Bank in Los Angeles has been charged with stealing from hundreds of thousands of dollars in customer accounts through fraudulent operations. Weixin […]
Nigeria Calls on Victims of CBEX Scam to Aid Investigation
Nigeria’s Economic and Financial Crimes Commission (EFCC) has issued a plea to victims of the Crypto Bridge Exchange (CBEX) investment fraud, seeking their assistance in its ongoing probe. […]
US Treasury Targets Garantex & Grinex in Sanctions Evasion Scheme
The US Treasury Department has imposed sanctions on crypto exchange platforms, Garantex and its successor Grinex, along with several executives and affiliated companies accused of facilitating illicit financial […]