The UK Serious Fraud Office (SFO) has initiated its first investigation into cryptocurrency fraud, focusing on Basis Markets, a platform accused of raising $28 million through questionable fundraising […]
Do Kwon Seeks Reduced Sentence After Admitting Guilt in Terra-Luna Collapse
Do Kwon, former CEO of Terraform Labs, now faces an unprecedented legal battle following the devastating collapse of his cryptocurrency project, Terra-Luna. While pleading guilty to fraud charges […]
Do Kwon Requests Five-Year Sentence for Terra Fraud
Co-founder of Terraform Labs, Do Kwon, is requesting a five-year prison sentence in the $40 billion fraud case related to the TerraUSD and LUNA collapse. This request comes […]
Interpol Takes Action Against Crypto Fraud: Recovering Millions in Operation HAECHI VI
Interpol has declared cryptocurrency fraud a major transnational crime, launching Operation HAECHI VI to combat this threat. Spanning 40 countries and lasting from April to August 2025, the […]
Interpol Declares Crypto Fraud a Major Threat, Amplifying Global Cooperation
Interpol has formally designated cryptocurrency-related fraud as a significant transnational threat at its recent assembly in Marrakech. This decision recognizes the interconnected nature of these criminal networks, which […]
Do Kwon Seeks Five-Year Sentence in Terraform Case
Do Kwon, former CEO of Terraform Labs, faces multiple fraud charges related to the collapse of his company’s ecosystem. He pleaded guilty earlier this year and now seeks […]
Justin Sun Provides Update on $456M TUSD Fraud Case After Worldwide Asset Freeze
In a media briefing in Hong Kong, Justin Sun offered a detailed update on the ongoing effort to recover the missing $456 million in TUSD reserves. A major […]
Do Kwon’s Sentence in TerraUSD Collapse Case Under Consideration
Do Kwon, co-founder of Terraform Labs, has indicated that his potential sentence for his role in the 2022 TerraUSD stablecoin collapse, which resulted in approximately $40 billion in […]
New Bill Aims to Combat AI Fraud & Deepfakes with Increased Penalties
A bipartisan bill, the ‘AI Fraud Deterrence Act,’ has been introduced by Representatives Ted Lieu (D-Calif.) and Neal Dunn (R-Fla.), seeking to address the escalating use of AI […]
South Korean Court Sentences Man for Cryptocurrency Money Laundering Scheme
A South Korean court has imposed an eight-year prison sentence on a man convicted of orchestrating a fraudulent securities trading platform and laundering over $4.2 million through cryptocurrency. […]
U.S. Senators Demand Investigation into Fraudulent Ads on Meta Platforms
U.S. senators have urged the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to launch an investigation into fraudulent advertisements displayed on Meta’s platforms. This […]
Singapore Arrests Prince Group Suspect in Crypto Fraud Case
In a major development, Singaporean authorities have arrested a suspect linked to the Prince Group, accused of orchestrating crypto scams across Southeast Asia. The arrest follows the indictment […]
WeChat Issues Security Alert as Group Chat Fraud Rises
Chinese messaging giant WeChat has issued a warning regarding fraudulent activity within its group chat platform, following reports from concerned users. The platform has identified instances of pyramid […]
UK Investigation Launches Into $28 Million Crypto Fund Collapse, Two Arrested
The UK’s Serious Fraud Office (SFO) is probing the collapse of Basis Markets, a crypto fund accused of defrauding investors out of $28 million. The SFO made two […]
UK Takes a Tough Stance Against Cryptocurrency Fraud: Serious Fraud Office Launches Major Investigation
A major shift in the UK’s approach to cryptocurrency has been made public, as authorities announced their first major crypto market investigation into the suspected fraudulent scheme Basis […]