An Arkansas legislator, David Schweikert, has introduced a bill proposing that the U.S. President be given the authority to issue ‘letters of marque’ in pursuit of cryptocurrency fraudsters […]
EminiFX Founder Sentenced to Pay $228 Million in Ponzi Scheme Fraud
Eddy Alexandre, the founder of the crypto investment platform EminiFX, has been sentenced for orchestrating a massive Ponzi scheme. A U.S. court ordered him to pay $228 million […]
Law Enforcement Seizes Over $300 Million in Crypto Linked to Fraud Schemes
A global crackdown on cybercrime has yielded significant results, with authorities freezing more than $300 million in cryptocurrency associated with scams and fraud over the past year. This […]
Crypto Fraudster Sentenced: $3.5 Million Stolen in Cloud Mining Scheme
Parks was sentenced to one year in prison after illegally obtaining over $3.5 million in cloud computing resources, which he used for crypto mining between January and August […]
Hong Kong Issues Warning Over Stablecoin Fraud Risk After New Regulations
A new regulatory framework for stablecoins in Hong Kong has raised concerns about potential fraud. Ye Zhiheng, executive director of the intermediaries division at the Securities and Futures […]
FBI Issues Warning on Fraudulent Crypto Law Firms
The FBI has issued a public alert, warning that some businesses claiming to help recover stolen cryptocurrency may be scams. Victims who have lost money to crypto scams […]
Cryptojacking King Gets 1-Year Sentence in $3.5M Scheme
A convicted cybercriminal has been sentenced to one year in prison for orchestrating a multimillion-dollar cryptojacking scheme that exploited unsuspecting users’ computers for cryptocurrency mining without their consent. […]
Influencer Sentenced for $3.5 Million Cryptojacking Scheme
A prominent cryptocurrency influencer, Charles O. Parks III (also known as “CP3O”), has been sentenced to a year and one day in prison after pleading guilty to defrauding […]
FBI Warns of Scam Targeting Crypto Victims Seeking Recovery
The FBI is issuing a renewed alert highlighting scammers posing as lawyers to steal from individuals who have already lost cryptocurrency or Bitcoin to prior fraud. These scams, […]
Crypto Fraudster Receives One-Year Sentence in Landmark Case
A landmark crypto fraud case has resulted in the sentencing of Charles O. Parks, a figure known in the digital space as CP3O, to one year and a […]
Crypto ATM Bans Surge Across US – Why Are Regulators Cracking Down?
The rise of cryptocurrency ATMs has been met with resistance from U.S. regulators who are increasingly concerned about fraud and criminal activity associated with these devices. Once seen […]
FBI Warns of Deceptive Law Firms Targeting Crypto Scam Victims
The FBI has issued a public alert warning those who have lost cryptocurrency to fraudulent schemes about potential legal help scams from deceptive law firms. In an August […]
FBI Issues Urgent Warning for Cryptocurrency Scammers Targeting Victims
The FBI has issued a fresh warning to those who have been victims of cryptocurrency scams, advising them to be cautious of fraudulent recovery firms.
HashFlare Co-founders Walk Free After Receiving Light Sentence for $577M Crypto Scam
A surprising outcome emerged from a major cryptocurrency scam case involving the founders of HashFlare, Sergei Potapenko and Ivan Turgin. Despite prosecutors seeking a 10-year prison sentence, the […]
FBI Warns of Lawyers Targeting Crypto Scam Victims – New Fraud Scheme Exploiting Despair
The FBI has issued a warning about a new scam targeting victims who lost money in cryptocurrency scams. Con artists pose as lawyers, promising to recover stolen funds […]