Alex Mashinsky, founder and former CEO of the defunct crypto lender Celsius, is fighting a proposed 20-year prison sentence recommended by the U.S. Department of Justice (DOJ). The […]
Alex Mashinsky Faces 20-Year Sentence in Crypto Fraud Case
Former Celsius CEO Alex Mashinsky faces up to 20 years in prison after pleading guilty to fraud charges. Mashinsky, once lauded as a financial freedom champion, now stands […]
Celsius CEO Mashinsky Seeks Leniency, DOJ Pushes for 20-Year Sentence
Alex Mashinsky, former CEO of Celsius Network, is facing a potential sentence of up to 366 days in prison. This plea bargain contrasts sharply with the U.S. Department […]
Indian Police Recover $3,000 for Cryptocurrency Scam Victim
In a significant victory for victims of online cryptocurrency scams, the Indian police have recovered approximately $3,000, enabling them to reimburse a victim who fell prey to a […]
Bank of America Reimburses Customer After SIM-Swapping Fraud
In a case of SIM-swapping fraud, Bank of America has reimbursed customer Justin Chan $20,000 following unauthorized withdrawals in September 2024. The incident involved Xfinity Mobile and the […]
FTC and Nevada Lawsuit Targets IML for Alleged $1.2 Billion Cryptocurrency Fraud
The U.S. Federal Trade Commission (FTC) and the state of Nevada have filed a lawsuit against IML, alleging that the company defrauded consumers through deceptive advertising practices related […]
JYS Group Collapse: $180 Million Investment Lost After Company’s Sudden Failure
The Chinese investment firm, JYS Group, has collapsed following a failed fundraising effort of around $180 million. This abrupt downfall has left thousands of investors facing significant financial […]
Mango Markets Hacker Sentenced to 52 Months in Prison
Avi Eisenberg, who was convicted of orchestrating the massive $110 million hack on Mango Markets, has been sentenced to 52 months in prison. This high-profile case marks a […]
Crypto Users Warned of Fake Letters Targeting Wallet Security
A new scam targeting cryptocurrency users has been detected, prompting Ledger, a leading provider of secure cryptocurrency hardware wallets, to issue a warning about these fraudulent schemes. These […]
DOJ Sues Major Health Insurers Over Kickbacks, Raising Regulatory Concerns
The U.S. Department of Justice (DOJ) has filed a complaint under the False Claims Act against several major health insurance companies on May 1, 2025, alleging illegal kickbacks […]
Shocking Bitcoin Heist: Social Engineering Led to $3,520 BTC Loss
A recent high-profile theft involving a substantial 3,520 BTC from an elderly U.S. citizen has highlighted the vulnerability of cryptocurrency assets to social engineering attacks. On-chain researcher ZachXBT […]
Massive Bitcoin Heist: Social Engineering Scam Results in $330 Million Theft
A large-scale Bitcoin heist involving over $330 million in BTC has been confirmed. According to blockchain expert ZachXBT, the theft was a result of a targeted social engineering […]
Nigerian Authorities Declare $812 Million Crypto Scam Suspect Wanted
The Economic and Financial Crimes Commission (EFCC) has issued a warrant for the arrest of Elie Bitar, a foreign national accused of running a massive cryptocurrency fraud scheme […]
DOJ Proposes 20-Year Sentence for Celsius CEO Alex Mashinsky
The U.S. Department of Justice (DOJ) has recommended a 20-year prison sentence for Alex Mashinsky, former CEO of the defunct cryptocurrency platform Celsius. This recommendation follows Mashinsky’s alleged […]