CRYPTOCURRENCY FRAUD
UK Considers Keeping $6.4B Bitcoin Gains From Chinese Fraud
The High Court is considering if to reimburse only the original investment value of £640 million while the seized Bitcoin is now worth nearly $7.24 billion, potentially leaving $6.4 billion in government hands.
Hong Kong Authorities Warn Against MEXC Impersonation Scam
Hong Kong's SFC and Police have issued an alert over a fraudulent entity masquerading as MEXC, tricking investors into depositing funds with promises of investment returns, highlighting the increasing vigilance against crypto frauds.
Ripple (XRP) CTO responds to phishing scam concerns following Cory Doctorow's $8000 loss
Ripple's CTO David Schwartz emphasizes his cybersecurity savvy, responding to phishing scam concerns after Cory Doctorow's $8000 loss. Ripple educates on scam identification and prevention, amidst increasing social media-based crypto frauds.
Ex-Terraform Labs CFO Extradited to South Korea in Crypto Fraud Case
Han Chang-joon, former Terraform Labs CFO, has been extradited to South Korea for charges of financial fraud in the crypto industry, marking a significant international effort to combat digital asset fraud.
OneCoin's Former Legal Head Pleads Guilty to Fraud and Money Laundering
Irina Dilkinska, former OneCoin legal head, has admitted to wire fraud and money laundering charges in the cryptocurrency pyramid scheme, facing a potential ten-year prison term, while co-founder Ruja Ignatova remains fugitive.
Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case
Taiwanese singer Chen Lingjiu faces fraud case involving JPEX, highlighting potential pitfalls of celebrity endorsements in cryptocurrency investments and the need for robust regulatory measures.
US Justice Department Charges John McAfee with Cryptocurrency Fraud
Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.