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 […]
South Korean Man Sentenced for Cryptocurrency Investment Fraud
A young man in South Korea has been sentenced to one year in prison for engaging in cryptocurrency investment fraud. The individual was found guilty of misleading investors […]
Alex Mashinsky to Face 20-Year Sentence for Celsius Network Fraud
Former executive Alex Mashinsky of Celsius Network faces potential prison time of up to 20 years for orchestrating fraudulent activities that caused massive financial losses for customers. Court […]
Celsius Founder Faces Up To 20 Years for $7 Billion Fraud
Alex Mashinsky, the former CEO of collapsed cryptocurrency company Celsius Network, faces a potential sentence of up to 20 years in prison if his sentencing recommendation is approved. […]
Alex Mashinsky Faces Prison Time: Celsius Fraud Charges Rock Crypto World
The cryptocurrency world is grappling with a seismic shift as Alex Mashinsky, founder of the collapsed platform Celsius Network, faces potential decades-long imprisonment. US regulators have levied serious […]
20-Year Sentence Sought for Celsius CEO Alex Mashinsky in $7 Billion Fraud
Alex Mashinsky, former CEO of Celsius Network, faces a potential 20-year prison sentence following his plea deal for orchestrating a massive customer scam. The estimated losses amount to […]
Celsius Founder Faces 20-Year Sentence for Cryptocurrency Fraud
Alex Mashinsky, former CEO of the now-defunct cryptocurrency lending platform Celsius, faces a potential 20-year prison sentence for alleged fraud. The U.S. Department of Justice (DOJ) has recommended […]
JPMorgan, Wells Fargo Face CFPB Scrutiny Over Zelle Fraud Losses
Customer losses stemming from Zelle payments have prompted the Consumer Financial Protection Bureau (CFPB) to investigate major banks like JPMorgan Chase and Wells Fargo. The investigations focus on […]
Nigerian Court Approves Arrest of Six Over Crypto Bridge Exchange Fraud
A Nigerian high court has authorized the arrest of six individuals suspected of running a fraudulent cryptocurrency platform that allegedly swindled investors out of 1 billion naira (about […]
AI Fuels Cryptocurrency Scams: OSC Warns of Rise in Fraud
Canadian investors are facing a sharp increase in cryptocurrency fraud, according to the Ontario Securities Commission (OSC), with scammers increasingly leveraging artificial intelligence to target unsuspecting victims. The […]