A Chinese court has sentenced nine individuals for a $6 million cryptocurrency fraud scheme targeting over 66,800 Indian nationals. The defendants received sentences ranging from a few to […]
Suspicious Activity Linked to Tornado Cash Funding Surrounds PEPE Token Purchases
Blockchain analytics firm Onchain Lens has flagged potentially fraudulent activity involving five newly activated wallets that spent a combined $4.28 million in ETH and USDT on PEPE tokens. […]
Estonian Crypto Co-founders Face US Deportation Over Fraud Charges
Sergei Potapenko and Ivan Turogin, the Estonian founders of HashFlare, a defunct crypto mining company, are facing deportation from the United States. The U.S. Department of Homeland Security […]
Chinese Fraud Ring Launders Over $6M Stolen From Indian Victims in Tether
A Chinese court has sentenced nine individuals for running a telecom fraud ring that defrauded over 66,000 Indians. The group stole 517 million Indian rupees ($6.2 million) by […]
Spanish Police Bust Cryptocurrency Scam Using AI
Spanish authorities have successfully dismantled a cryptocurrency investment scam that defrauded over 208 individuals of nearly 19 million euros (21.5 million dollars). The arrests were the result of […]
AI App Founder Charged with Fraud Over False Claims
Albert Saniger, founder and former CEO of tech company Nate, has been charged by U.S. authorities for securities fraud and wire fraud related to his claims about the […]
AI Scam Leads to Startup CEO Arrest, Raising Questions About Trust in the Industry
A startup CEO has been arrested on Wednesday after investigations revealed their AI service was operated by humans in the Philippines, sparking a debate about fraudulent practices within […]
Argentina Investigates Libra Meme Coin Scandal Tied to President Milei
The Argentine Chamber of Deputies has established a special commission to investigate the alleged fraud associated with the LIBRA meme coin. This move comes after pressure from Congress […]
DOJ Dismantles Cryptocurrency Unit, Shifting Focus to Fraudsters
In a major surprise, the U.S. Department of Justice (DOJ) has discontinued its dedicated cryptocurrency crime unit. Instead, the DOJ is redirecting resources towards prosecuting individuals who defraud […]
Spain Dismantles Massive AI-Driven Crypto Scam Operation, Arresting Six Suspects
Spanish authorities have dismantled a sophisticated criminal network responsible for defrauding over $20 million from 208 victims via an elaborate AI-powered investment scam. The operation involved using deepfake […]
AI-Driven Crypto Ponzi Scheme Targets Over 200 Victims, Six Arrests Made in Spain
A sophisticated crypto investment scam has been dismantled by Spanish authorities following arrests of six individuals connected to a scheme that defrauded over 200 victims worldwide. This intricate […]
Spain Cracks Down on $20 Million AI-Powered Crypto Scam: Six Arrested
Spanish authorities have arrested six individuals suspected of orchestrating a sophisticated global investment scam that used artificial intelligence (AI) to defraud over 208 victims out of more than […]
London Launches New Program to Compensate Fraud Victims
London law enforcement officials are launching a new initiative to help victims of fraud regain financial losses. This program, in collaboration with international law firm Gowling WLG, aims […]
Nigerian Fraudster Nets N25,000 for Bank Account Details to Aid Criminal Activities
The Economic and Financial Crimes Commission (EFCC) in Benin has apprehended Olawole Sunday, a suspected fraudster accused of purchasing bank account details for fraudulent purposes. Investigation reveals that […]
CLS Global Loses $428,059 from ‘Wash Trading’ Scheme Unveiled by FBI
The US Federal Court in Boston recently fined CLS Global, a UAE-based cryptocurrency market-making firm, $428,059 for engaging in wash trading. This follows an investigation led by the […]