Two former executives of the cryptocurrency lending platform Cred have been sentenced for their involvement in a fraudulent scheme. Daniel Schatt, the former CEO, received a 52-month prison […]
Spotting the Traps: 10 Warning Signs of Fake Cryptocurrency Investments
Crypto’s explosive growth has attracted both investors and scammers, leading to a surge in fake platforms. This article outlines 10 key warning signs that indicate a potentially fraudulent […]
30 Arrested in Wuhan Crypto Fraud Bust: How a Deceptive Dating Scheme Targeted Investors
Wuhan police have dismantled a cryptocurrency fraud ring, arresting 30 individuals and seizing computers and phones as part of an investigation into a deceptive scheme that used fake […]
Wuhan Police Crack Down on Crypto Dating Scam Ring
The Wuhan Public Security Bureau has dismantled a fraudulent cryptocurrency network, arresting 30 suspects who used a fictitious dating scheme to deceive investors in Hubei Province. This operation, […]
Wuhan Police Bust Cryptocurrency Investment Scam; 30 Arrested
Wuhan police have apprehended 30 suspects in a scheme involving virtual currency and fake dating websites. The operation, led by the Dongxihu Branch Public Security Bureau, targeted fraudulent […]
Entrepreneur Loses $1.25 Million to Crypto Imposter Scam
Entrepreneur Erik Bergman has become a victim of a sophisticated cryptocurrency scam after being tricked by impostors posing as famous figures like MrBeast. Bergman lost $1.25 million through […]
Cred Executives Sentenced for Crypto Fraud, Highlighting Risks of Centralized Lending
Former Cred LLC executives Daniel Schatt and Joseph Podulka have been sentenced to prison for wire fraud related to mismanaging customer crypto deposits, resulting in a loss of […]
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 […]
South Korea Police Bust Memecoin Scheme, Recover $4.1 Million
A recent crackdown by South Korean authorities has exposed a significant memecoin scam that defrauded 129 investors of over $4.1 million. The scheme involved a fraudulent cryptocurrency called […]
Appeal Filed Against Lenient Sentences in HashFlare Crypto Scam
Co-founders of the defunct crypto platform HashFlare have received lenient sentences for their role in a $577 million Ponzi scheme that defrauded over 440,000 investors globally. The U.S. […]
Sui Foundation Warns of Fraudulent Projects
The Sui Foundation has issued a cautionary alert about several projects that are falsely claiming official backing. These include SuiPro, SuiBank, Galaxy 101, and YY, which have been […]
Altcoin Launch Raises Red Flags: Suspected Fraudster’s Activity in YZY Raises Concerns
Crypto analytics firm Bubblemaps has raised alarms regarding the recent launch of YZY altcoin, alleging connections between Hayden Davis, previously identified as a fraudster linked to failed projects […]
Embie App Continues Operations Amidst Fraud Controversy
Ravid Yosef’s Embie app remains operational despite ongoing legal issues concerning her past involvement with Crypto Capital Corp fraud. While Yosef continues to manage the app from Israel, […]
Ex-Bank Manager Chen Indicted on Fraud Charges, Affecting Traditional Banking
A federal indictment has been filed against former Cathay Bank manager Weixin “Tony” Chen for allegedly engaging in fraudulent activities that impacted customers’ accounts. The allegations involve manipulating […]
EminiFX: Court Declares Cryptocurrency Investment Platform a Ponzi Scheme
A New York federal court has officially declared EminiFX, a cryptocurrency investment platform that promised automated trading profits, a Ponzi scheme. The ruling, issued by US District Judge […]