Shengsheng He, a California resident, has been sentenced to over four years in federal prison following his conviction on charges related to a large-scale cryptocurrency scam that targeted […]
51 Months Prison for Crypto Fraudster Who Laundered $37 Million
A California man was sentenced to 51 months in prison on September 8th, 2025, for laundering over $36.9 million stolen through a cryptocurrency investment scam targeting American victims. […]
California Man Sentenced for $37M Cryptocurrency Laundering
Shengsheng He has been sentenced to 51 months in prison after pleading guilty to his role in a $37 million cryptocurrency fraud scheme. The U.S. Department of Justice […]
California Resident Sentenced for Role in Cryptocurrency Fraud Scheme
Shengsheng He, a resident of La Puente, California, has been sentenced to 51 months in federal prison for his participation in a cryptocurrency investment scam that resulted in […]
Ex-Celsius CEO Sentenced: 15-Year Prison for Crypto Fraud
Alex Mashinsky, former CEO of collapsed cryptocurrency lender Celsius Network, has been sentenced to 15 years in prison after pleading guilty to fraud charges. He is scheduled to […]
Polygon Developer Accuses WLFI of Major Fraud, Investor Funds Frozen
A prominent Polygon developer, Bruno Skvorc, has accused World Liberty Financial (WLFI) of major fraud, alleging they have frozen investor funds and sparked significant controversy in the cryptocurrency […]
Polygon Developer Alleges Fraud by Trump-Linked Crypto Project, Sparking Investor Concerns
Polygon developer Bruno Skvorc has accused the World Liberty Financial (WLFI) project of fraud, alleging that his cryptocurrency tokens were frozen without explanation. This accusation comes amidst a […]
Trump’s Cryptocurrency Ventures Face Financial Hardship and Accusations of Fraud
Cryptocurrency projects linked to former President Donald Trump have experienced significant difficulties this week. The Official TRUMP token, heavily leveraged by traders, faces high liquidation risks as prices […]
Singapore Sees Significant Drop in Fraud & Cybercrime
Singapore’s security agencies have reported a positive trend, with the first half of 2025 showing decreased fraud and cybercrime activity. According to BlockBeats, losses from scams reduced by […]
Singapore Sees Drop in Fraud & Cybercrime: Half-Year Data Shows Decline
Singapore has reported a notable decrease in fraud and cybercrime during the first six months of 2025, according to data released by the Singapore Police Force. Total losses […]
SEC Launches Cross-Border Task Force to Tackle Crypto Pump-and-Dump Fraud
The Securities and Exchange Commission (SEC) has initiated a comprehensive international task force dedicated to combating fraudulent activities in the cryptocurrency market, specifically targeting
Phishing Losses Skyrocket in August: Report Highlights Dramatic Increase
A new report from ScamSniffer reveals alarming increases in phishing attacks during August. The analysis shows financial losses skyrocketed to approximately $12.17 million, impacting 15,230 victims. This surge […]
SEC Launches New Task Forces to Tackle Securities & Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) has taken proactive steps to combat securities fraud, particularly from foreign companies, by forming two new task forces focused on the […]
EFCC Chief Warns of Thin Line Between Genuine Crypto Traders & Fraudsters
The Economic and Financial Crimes Commission (EFCC) Chairman, Mr Ola Olukoyede, has issued a warning regarding the increasing cases of cryptocurrency-related fraud. He highlighted the growing concern about […]
Former Cred Executives Sentenced for Cryptocurrency Fraud
Two former executives of the cryptocurrency lending platform Cred have been sentenced for their involvement in a fraudulent scheme. Daniel Schatt, the former CEO, received a 52-month prison […]