Richard Kim, the founder of the cryptocurrency platform Zero Edge, was arrested on Tuesday following allegations of misusing investor funds to gamble. The U.S. Federal Bureau of Investigation […]
DOJ Re-evaluates Crypto Victim Compensation: Shifting to Market Value
The U.S. Department of Justice (DOJ) is rethinking its approach to compensating victims of cryptocurrency fraud in federal cases. The DOJ recently published a notice outlining a major […]
U.S. DOJ to Review Digital Asset Compensation Practices
The U.S. Department of Justice (DOJ) is undertaking a review of its approach to compensating victims in cases involving digital asset fraud and theft, as per a recent […]
Hackers Target UK MP’s X Account to Promote Fake Solana Coin
A malicious hacking attack has compromised the Twitter account of Lucy Powell, a Member of Parliament and Leader of the House of Commons in the UK. The hackers […]
CBEX Ponzi Scheme Leaves Nigerian Investors Financially Scarred
A fraudulent investment platform known as CBEX has left Nigerian investors financially vulnerable. The Economic and Financial Crimes Commission (EFCC) is leading the investigation into this alleged Ponzi […]
9 Sentenced Over $6 Million Crypto Scam Targeting Indian Nationals
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 […]