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 […]
Crypto Fraudster Faces 18 Years in Prison: $12 Million Scam Sentence
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 […]