The U.S. Securities and Exchange Commission (SEC) has filed formal charges against Unicoin, Inc., a New York-based cryptocurrency firm. The accusations stem from a massive fraud scheme, allegedly […]
SEC Launches Charges Against Unicoin Inc., Accusing Firm of $100M Crypto Scam
The U.S. Securities and Exchange Commission (SEC) has filed charges against Unicoin Inc., a New York-based company, accusing its leaders, Alex Konanykhin, Silvina Moschini, and Alex Dominguez, of […]
CBEX Resurfaces: New Investors Allowed, but Past Losses Remain
After a controversial shutdown triggered by investor withdrawals issues, CBEX has reappeared for new users, offering a chance to trade and withdraw profits. This comes amidst ongoing investigations […]
Nigeria’s EFCC Issues Arrest Warrant for Six CBEX Promoters
A federal high court in Nigeria has granted the Economic and Financial Crimes Commission (EFCC) permission to arrest and detain six individuals suspected of running a massive Ponzi […]
Nigerian Court Greenlights Arrest of Six CBEX Promoters Over Investment Fraud
A Nigerian high court has granted the country’s Economic and Financial Crimes Commission (EFCC) authority to arrest six individuals suspected of running investment fraud at Crypto Bridge Exchange […]
South Korea Passes Severe Sentence for Cryptocurrency Fraud: A Warning to Investors
The world of cryptocurrency offers exciting possibilities, but it also attracts criminal actors seeking to exploit trust. A recent case in South Korea highlights the severe consequences faced […]
UAE Regulators Warn of Impersonation Schemes Targeting Investors
The UAE Securities and Commodities Authority (SCA) has issued a warning about fraudulent financial activities targeting residents and investors. Scammers are impersonating licensed firms and regulatory staff to […]
Crypto Platform Exec Arrested for Allegedly Misusing $7 Million in Investor Funds
Richard Kim, former executive at Galaxy Digital and founder of crypto gambling platform Zero Edge, has been arrested on charges of securities and wire fraud. Authorities allege that […]
Spanish Authorities Unmask $20 Million AI-Powered Investment Scam
Six individuals have been apprehended in Spain by authorities for their involvement in a complex global investment scam that defrauded at least 208 victims out of over $20 […]
Woman’s $3 Million Cryptocurrency Loss Highlights Emerging Deceptive Investment Schemes
A recent case involving a victim in Maryland highlights the growing problem of sophisticated investment scams targeting individuals through messaging platforms. This scheme involved a long-term trust-building strategy, […]
South Korean Man Sentenced for $2 Million Crypto Scam
A South Korean man in his 30s has been sentenced to three years in prison for defrauding a crypto investor of approximately $2 million. Court documents reveal the […]
Norwegian Crypto Fraudsters Allegedly Stealing Millions Through Ponzi Scheme
Norway is grappling with one of its largest investment fraud cases as authorities have charged four men in connection with a massive cryptocurrency scam that defrauded thousands of […]