crypto fraud

Highlights: The former CTO of SafeMoon has pleaded guilty to fraud and could face up to 25 years in prison. SafeMoon executives allegedly misused over $200 million and inflated the market value of the token. The court has set April […]

Highlights: HashFlare founders plead guilty to a $575 million crypto fraud and misled investors about mining operations and profits. The scheme used new deposits to pay investors instead of mining cryptocurrency. US and Estonian authorities seized assets and the founders […]

Highlights: Arizona’s House Bill 2387 aims to limit Bitcoin ATM fraud with strict regulations. Bitcoin ATM fraud has surged from $12 million in 2020 to $112 million in 2023. The bill introduces a $1,000 daily transaction cap and operator licensing. […]

Highlights: Nepal’s FIU raises concerns over the growing use of cryptocurrencies in cyber-related fraud in the country. Crypto misuse complicates investigations, with fraudsters moving illicit funds across borders easily. FIU recommends enhanced crypto monitoring, financial institution training, and public awareness […]

Highlights: Montenegro’s decision on Do Kwon’s extradition will conclude a long legal process. South Korea and the US are vying to prosecute Do Kwon for the Terra ecosystem’s collapse. The extradition ruling could establish a precedent for future cross-border crypto […]

Highlights: Hong Kong police arrested 27 people in a $46 million deepfake crypto romance scam targeting men across Asia. Scammers used AI deepfake technology to impersonate attractive women, luring victims into fake cryptocurrency investments. The syndicate recruited university graduates to […]

Highlights: Authorities charged four crypto companies and 15 individuals with fraud and market manipulation. FBI created a new digital token to uncover criminal activities for the first time. Authorities seized over $25 million in crypto, and four defendants agreed to […]

Highlights: Kagel’s Ponzi scheme defrauded investors of at least $15 million through false promises. His legal credentials enhanced the scheme’s credibility, deceiving unsuspecting cryptocurrency investors. The case underscores the need for stricter regulatory oversight in cryptocurrency markets. David Kagel, an […]

Highlights: David Carmona, IcomTech’s founder, received a 121-month prison sentence for wire fraud. The Ponzi scheme swindled approximately $8.4 million from victims between 2018 and 2019. U.S. regulators emphasize the importance of vigilance and oversight in the crypto industry. David […]

Highlights: Operation Kraken resulted in a $6.4 million crypto seizure and arrest of the alleged Ghost app mastermind in Australia. Australian Federal Police cracked seed phrases to access digital wallets linked to criminal activities. Operation Kraken has led to 46 […]

Highlights: California Judge ordered Koo Ichioka to pay $36.4 million for participating in crypto and forex fraud. Ichioka misappropriated funds, promising 10% returns while using money for personal expenses. CFTC warns investors to verify registrations and report suspicious activities to […]

Highlights: SEC charges NanoBit and CoinW6 for using social media to defraud crypto investors. NanoBit misappropriated over $2 million, transferring funds to Hong Kong for cryptocurrency theft. Romance scams fuel crypto fraud surge, with losses exceeding $3.5 billion in 2023. […]