Seventh Impressions has taken action against individuals exploiting the ‘Nailong’ brand for illegal cryptocurrency promotions. In a statement issued on October 21st, Seventh Impressions clarified that they are […]
India Freezes $270 Million in Crypto Assets Tied to OctaFX Fraud Case
Indian authorities have frozen nearly $270 million worth of cryptocurrencies linked to the OctaFX fraud case. The Enforcement Directorate (ED) has seized approximately 23.85 billion rupees ($270 million) […]
Binance Tightens Grip: Bans Over 600 Accounts, Incentivizes Fraud Reporting
Binance has taken a decisive stance against users engaging in unfair practices on its platform. Recent actions resulted in the suspension of over 600 accounts, identified for utilizing […]
Crypto Investor Suffers Major Loss After $3 Million in XRP Disappears
A crypto investor has suffered a significant financial loss after over $3 million in XRP vanished, according to investigations. The theft reportedly involved the use of a cross-chain […]
Celebrity Hairstylist Faces Fraud Charges After Multi-Million Crypto Scam
Jawed Habib, a well-known celebrity hairstylist, and his son Anos Habib have been implicated in a multi-million dollar crypto fraud case. The pair allegedly tricked over 100 investors […]
SBF Claims Political Motivation Behind Arrest, Criticized by Experts
Sam Bankman-Fried, the disgraced FTX founder serving a 25-year sentence for defrauding billions of dollars from customers, has again ignited controversy by alleging political motivations behind his 2022 […]
UK Proposes Compensation Scheme for Bitcoin Scam Victims
The UK government is proposing a compensation scheme to help victims of the BitQueen Ponzi scheme, which saw £5.5 billion in Bitcoin seized by authorities. The move comes […]
MIT Graduates Stand Trial for Alleged $25 Million Cryptocurrency Heist
Two MIT graduates, the Peraire-Bueno brothers, are facing trial in Manhattan federal court as of October 15th. They are accused of exploiting a vulnerability in the Ethereum blockchain […]
U.S. Seizes $14 Billion Bitcoin, UK Freezes Assets Over Forced Labor Fraud
The U.S. seized approximately $14 billion in Bitcoin during a significant crackdown on forced labor-fueled cryptocurrency fraud. Authorities arrested Chen Zhi, a dual UK-Cambodian national suspected of orchestrating […]
Global Crackdown on Crypto Fraud Network Targets Prince Group
The U.S. and UK have joined forces to take down a major cryptocurrency fraud network allegedly led by Chen Zhi, targeting the Prince Group. This unprecedented crackdown highlights […]
Chen Zhi Indictment Uncovers $15 Billion Crypto Fraud Case
U.S. authorities have indicted Chen Zhi, chairman of the Prince Holding Group, for allegedly orchestrating a major crypto fraud scheme and money laundering operation. The indictment reveals that […]
U.S. Charges Chen Zhi for Massive Crypto Scam, Seizes $15B in Bitcoin
The U.S. Department of Justice has indicted Chen Zhi, founder of the Prince Group, for orchestrating a global cryptocurrency scam that defrauded investors out of an estimated $15 […]
Crypto Scams: The Rise of Fraud in the Digital Asset Market
The booming world of cryptocurrency has attracted both opportunities and risks, leading to an alarming increase in fraudulent schemes targeting investors. These scams are becoming more sophisticated, leveraging […]
Scammer Makes $430K Profit by Using CZ’s Name for SCI6900 Token
A recent cryptocurrency scam has exposed the vulnerability of the market to exploitative tactics, where an individual profited over $430,000 by falsely associating the SCI6900 token with Binance […]
Roger Ver’s Settlement Status Unclear Amidst Ongoing Fraud Allegations
Despite reports suggesting a settlement between Roger Ver and the US Department of Justice for alleged tax evasion and fraud charges, key details remain unverified. While sources like […]