A significant legal development has highlighted the ongoing efforts to combat illicit activity within the cryptocurrency sector. Eugene William Austin Jr., convicted of defrauding investors out of $12 […]
Ex-SEC Chair Addresses $12M Crypto Fraud Case, Offers Rebuke
Jay Clayton, recently appointed interim US Attorney for the Southern District of New York (SDNY), has begun speaking out on criminal cases involving crypto fraud. This comes as […]
AI-Driven Scam Steals $4 Million Using Crypto Influencer’s Identity
A prominent figure in the cryptocurrency world, Scott Melker, has become a victim of a sophisticated AI-driven scam where his identity and likeness were used to defraud unsuspecting […]
Nigerian Court Orders Arrest of Six Promoters in $1 Billion CBEX Scam
The Nigerian Federal High Court in Abuja has issued an arrest warrant for six individuals suspected of orchestrating a $1 billion investment scam targeting Nigerians using the now-collapsed […]
Alex Mashinsky to be Sentenced for Celsius Fraud
Former Celsius CEO Alex Mashinsky will face sentencing in May for fraud related to the collapsed cryptocurrency platform. He is accused of misleading investors and manipulating markets, contributing […]
Crypto Scams Surge 66% in 2024: FBI Report Reveals Steep Losses
The FBI’s Internet Crime Complaint Center (IC3) reports a concerning surge in crypto scams in the US, with losses skyrocketing 66% to $9.3 billion in 2024 alone compared […]
Over 200 Victim Impact Statements Filed Against Celsius Founder Mashinsky as He Faces Sentence
US prosecutors have submitted over 200 victim impact statements, detailing the financial and emotional hardship suffered by customers of defunct crypto lender Celsius Network. The statements, totaling over […]
Americans Lose Over $9 Billion to Crypto Fraud in 2024
The FBI’s Internet Crime Complaint Center (IC3) has released its annual report on cryptocurrency-related scams and fraud for the year, revealing that Americans lost over $9.3 billion in […]
Crypto Fraud Case Highlights Need for Detail in the Digital Currency Market
Ramil Palafox, founder of PGI Global, faces accusations of orchestrating a $198 million crypto fraud scheme. The Securities and Exchange Commission (SEC) filed charges against him, alleging he […]
Crypto Fraud: PGI Global Founder Ramil Palafox Charged Over $200 Million Scheme
The cryptocurrency world continues to attract both innovation and controversy. A recent SEC case highlights the growing threat of fraud within the crypto sector, as authorities brought charges […]
SEC Charges PGI Global Founder with $198 Million Crypto Fraud
The US Securities and Exchange Commission (SEC) has filed charges against Ramil Palafox, founder of PGI Global, for allegedly running a fraudulent investment scheme worth $198 million. The […]
SEC Files Charges Against Ramil Palafox; $198M Crypto Ponzi Scheme Alleged
The Securities and Exchange Commission (SEC) has filed charges against Ramil Palafox, founder of PGI Global, alleging a massive $198 million crypto Ponzi scheme that spanned both the […]
SEC Drops Fraud Case Against HEX Founder Richard Heart, Marking Crypto Legal Victory
Richard Heart, founder of HEX, PulseChain, and PulseX, has secured a significant victory in his legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has […]
SEC Charges Crypto Executive with $198 Million Fraud
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against a prominent crypto executive, alleging they orchestrated a fraudulent scheme that defrauded investors of an estimated […]
Hong Kong Police Arrest 503 in Major Fraud and Cybercrime Operation
Hong Kong law enforcement agencies launched a comprehensive operation targeting fraud, cybercrime, and money laundering from April 7 to April 17. The operation, known as ‘Mou Gong,’ resulted […]