A new report from Bitget, SlowMist, and Elliptic highlights the growing threat of sophisticated crypto scams leveraging deepfakes and artificial intelligence. The collaborative effort reveals an escalation of […]
Crypto Fraud Case Leads to Guilty Pleas; Authorities Target Laundering Rings in Australia and Asia
A massive international crypto scam has resulted in guilty pleas from five men accused of defrauding Americans out of $36.9 million. The case, led by US authorities, involved […]
Five Convicted in $36.9 Million Cryptocurrency Scam Targeting U.S. Victims
Five individuals have been convicted for their role in a cryptocurrency fraud scheme targeting US victims, resulting in an estimated loss of $36.9 million. The defendants, Joseph Wong, […]
Facebook-Based Bitcoin Scam Targets Zimbabwe Residents With Fictitious Investment Scheme
A fraudulent trading platform targeting residents in Zimbabwe has emerged, falsely advertising lucrative bitcoin investment opportunities on Facebook. This scheme, marketed as InnBucks Investment, lures unsuspecting users into […]
32 Suspects Arrested in Wuhan for Crypto Investment Fraud Scheme
Authorities in Wuhan’s Dongxihu district have taken down a rural-based fraud operation, arresting 32 individuals, with 20 being held pending further investigation. The scheme involved creating false narratives […]
Hut 8 Warns of Impersonation Fraud in Global Crypto Market
Hut 8 Mining Corp has issued a global alert warning about impersonators targeting the company and its investors. While no financial losses have been reported, the firm urges […]
Crypto Kidnappings and Schemes: A Global Roundup of Recent Enforcement Actions
The cryptocurrency world continues to see a wave of criminal activity, with investigations and arrests spanning multiple countries and continents. France saw the arrest of Bajjou, a suspected […]
SEC Wins $1.1 Million Judgment in Crypto Fraud Case Against Keith Crews
The U.S. Securities and Exchange Commission (SEC) secured a significant legal victory with a $1.1 million judgment against Keith Crews, accused of orchestrating a cryptocurrency scam. A federal […]
Hut 8 Issues Fraud Warning: Beware of Impersonators Targeting Brazil, Korea & Hong Kong
Nasdaq-listed Bitcoin mining firm Hut 8 has issued a security alert regarding multiple reports of fraud in Brazil, Korea, and Hong Kong. The company confirmed that individuals impersonating […]
Terraform Labs CEO Extradited for $40 Billion Crypto Fraud
Do Hyeong Kwon, CEO of Terraform Labs, has been extradited to the U.S. and faces charges in a $40 billion cryptocurrency fraud case that has shaken global markets. […]
MEXC Experiences 200% Rise in Crypto Fraud During Q1 2025
MEXC Exchange has reported a significant surge in cryptocurrency fraud activity during the first quarter of 2025, with cases increasing by 200%. The rise is particularly concentrated in […]
Crypto Fraud Hits Emerging Markets: 200% Surge in 2025
Emerging markets are facing a significant increase in cryptocurrency fraud, with instances surging by 200% in the first quarter of 2025. According to MEXC’s Chief Operating Officer, Tracy […]
MEXC Reports Explosive Rise in Crypto Fraud Attacks
Crypto exchange MEXC has experienced a significant surge in fraudulent activity, with the number of reported cases doubling in the first quarter of 2025. The exchange revealed over […]
Crypto Scam Awareness Grows as Fraud Risk Prominently Highlighted
Recent fraud alerts from U.S. authorities have intensified awareness regarding cryptocurrency scams, prompting a call for vigilance across the industry. The focus on this vulnerability comes amid ongoing […]
Crypto Kidnapping Case: Another Suspect Indicted, Investigation Underway
A United States court has formally charged William Duplessie for his alleged role in the kidnapping and torture of an Italian man, with the goal of stealing his […]