Fraud
UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud
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U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform
The U.S. Securities and Exchange Commission (SEC) has charged brothers Jonathan and Tanner Adam of attempting to defraud more than 80 investors with a $60 million Ponzi scheme involving a crypto asset...
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OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports
Andreas Szakacs, a co-founder of OmegaPro, was arrested in Turkey in July for his involvement with the company alleged to have scammed investors of $4 billion in a cryptocurrency Ponzi scheme, Turkish...
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Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year
The Australian Securities and Investments Commission (ASIC) said it closed down 615 cryptocurrency investment scams in the first year of a program to tackle fake investment websites.
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Crypto Hacks Net $19B Since 2011 and Illegal Activity on Blockchain Is Still Growing
Almost $19 billion worth of cryptocurrency has been stolen in thefts dating back to 2011 and the industry continues to grapple with rising blockchain-related crime, according to a report from Crystal ...
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NYAG Sues 2 Crypto Pyramid Schemes, Promoters Targeting Haitian-Americans in $1B Scam
New York Attorney General Letitia James has filed suit against two purported crypto companies and their top promoters, a married couple, for allegedly operating two consecutive pyramid schemes that pr...
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U.S. Treasury Describes NFTs as ‘Highly Susceptible to Use in Fraud and Scams’
The U.S. Treasury Department said non-fungible tokens (NFTs) are "highly susceptible to use in fraud and scams and are subject to theft," in a new risk assessment about illicit finance, its first into...
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British-Chinese Money Launder Sentenced to 6 Years in Prison for Role in $6B Fraud: FT
A British-Chinese woman guilty of laundering bitcoin in a $6 billion fraud in China has been sentenced to six year and eight months in prison, the Financial Times (FT) reported on Friday.
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Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD –i n a crypto and foreign exchange investment sc...
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Nike’s NFT arm RTFKT to shut down after launching final collect...
03 December, 2024 | 69 readers
Offline digital euro payments hinge on secure chip tech in smartp...
03 December, 2024 | 19 readers
Cambodia bans 16 major exchanges including Binance, OKX and Coinb...
03 December, 2024 | 106 readers
Coinbase expands Dogwifhat trading to New York
03 December, 2024 | 96 readers
Coinbase CEO to cut ties with firms that hire officials involved ...
03 December, 2024 | 28 readers