Fraud
Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.
US Senator Challenges Apple and Google about Fraudulent Crypto Apps
Cryptocurrency scams remain a serious problem. U.S. Senator. Sherrod Brown requests app store operators, including Apple and Google, to crack down on the problem.
Titanium Blockchain's CEO Pleas Guilty of ICO Fraud worth $21m
Michael Alan Stollery, CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS), has been convicted of involving multiple fraudulent accounts in a 2018 initial coin offering (ICO).
The Sandbox Taps Cybersecurity Firm Brandshield to Tackle Rising NFT Frauds
The Sandbox said introducing cybersecurity solutions with Brandshield is a testament to its efforts to stay ahead of fraudsters and build a fraud-free digital environment.
Crypto Scams Have Swindled At Least $1B From Nearly 50,000 People Since 2021 - FTC
Despite crypto penetrating the masses from Bitcoin ATMs to Super Bowl ads, scams in this sector have been going through the roof because more than $1 billion has been lost since 2021, according to a study by the Federal Trade Commission (FTC).
Crypto CEO Arrested in New York for Wire Fraud Offences
Eddy Alexandre, the founder and CEO of EminiFx has been arrested by law enforcement agents as he faces charges bothering on one count each of commodities and wire fraud respectively.
BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B
A U.S. grand jury indicted Satish Kumbhani, the founder of BitConnect, orchestrating a fraud scheme that siphoned approximately $2.4 billion from investors.
Swindlers are Using OTP Bots to Wipe Clean Crypto Accounts
Be cautious of fraudsters are becoming sophisticated by the day, with their latest tool being one-time password (OTP) bots used to wipe out cryptocurrency accounts.
Crypto Investors Should Expect No Compensation From Government: UK Regulator
The head of the United Kingdom Financial Conduct Authority (FCA) takes a harsh stance against victims of digital currency scams, opposing them to receive compensation from the government.
Crime across DeFi Platforms Surged to $10.5B in 2021
Crime has grown at an alarming rate in the decentralized finance (DeFi) industry by hitting $10.5 billion so far this year.