Top Stories
fraud News
Fraud remains a persistent issue in crypto, with fraud news exposing financial crimes, Ponzi schemes, and deceptive investment projects. From insider trading to fake exchanges, bad actors continue to exploit regulatory gaps. As governments and blockchain forensics improve enforcement, the industry is working to build trust and transparency.
Top fraud Stories
Top Stories
SEC to combat crypto fraud with new unit
Latest fraud News
News
A South Korean man in his 30s has been sentenced to three years in prison for defrauding a crypto investor of 2.93 billion won (approximately $2.04 million). The Changwon District Court convicted the man, identified only as Person A, of…
News
CLS Global, a crypto market maker registered in the United Arab Emirates, has been hit with a $428,000 fine for wash trading of the FBI’s bait token NexFundAI. On April 2, a federal court in Boston sentenced CLS Global on…
TRX
TRON
News
Terraform labs, the Singapore-based company behind the Terra blockchain and its associated cryptocurrencies TerraUSD and Luna, is launching a crypto asset loss claim portal on March 31—claims to be submitted by April 30. On Mar. 28, Terraform labs announced that…
BTC
Bitcoin
News
Following 400%+ price pump of JELLY caused by a market manipulation incident on Hyperliquid, Binance and OKX capitalized on the volatility by listing JELLY futures, while Hyperliquid delisted the token’s perps, facing backlash over centralization concerns. After the recent market…
HYPE
Hyperliquid
News
The Israeli financial markets regulator has shut down the crypto exchange Bitin for offering crypto trading services without the required license, reinforcing the country’s regulatory stance on crypto firms. The Israeli Capital Markets, Insurance, and Savings Authority has shut down…
News
Blockchain investigator ZachXBT has alleged that a trader who recently amassed $20 million on HyperLiquid through leveraged trading is likely William Parker. Parker is a convicted fraudster with a history of hacking and gambling-related crimes. In a detailed thread on…
News
Gotbit founder Aleksei Andriunin’s plea agreement would require him to forfeit around $23 million in stablecoins. If approved, he could avoid prison time and additional fines. Andruinin and the U.S. Attorney for the District of Massachusetts have reached a plea…
News
Burwick Law has filed a class action lawsuit in New York against Kelsier Ventures, KIP Protocol, and Meteora, accusing them of running a deceptive launch in the LIBRA token scandal. According to the lawsuit filed on Mar. 18, the token’s…
News
Malaysia is seeing a rise in cryptocurrency investment scams, with authorities warning that more professionals and senior citizens are being targeted. Bukit Aman Commercial Crime Investigation Department Director Datuk Seri Ramli Mohamed Yoosuf said in a Mar. 17 report that…
News
Thomas John “T.J. Stone” Sfraga was sentenced in federal court for scamming real estate and crypto investors through a business inspired by the 90s TV show Seinfeld. According to a press release from the U.S. Attorney’s Office, Sfraga was sentenced…
News
A federal jury has convicted Rowland Marcus Andrade, the founder and CEO of AML Bitcoin, of wire fraud and money laundering related to the fraudulent marketing and sale of the cryptocurrency. The verdict was reached after a five-week trial in…
News
A Montana man has been found guilty of conspiracy to launder over $2.4 million through cryptocurrency, the U.S. Attorney’s Office for the Eastern District of Texas announced Thursday. Randall V. Rule, 73, formerly of Kalispell, Montana, was convicted on all…
News
Illinois Senator Dick Durbin has introduced new legislation aimed at reducing fraud at cryptocurrency ATMs, a growing concern for law enforcement agencies. The Crypto ATM Fraud Prevention Act would impose transaction limits and require additional consumer protections to prevent scams…
News
South Korean crypto figure Park, known as “Jonbur Kim” or the “Coin King,” has been arrested again on fresh fraud charges. This arrest comes just weeks after his release on bail for a separate crypto scam case. The Seoul Southern…
News
The U.S. SEC unveiled a new unit dedicated to protecting investors from illicit activity tied to crypto, AI, and other burgeoning digital frontiers.
News
A British man was jailed for nearly five months after failing to disclose his Bitcoin holdings during a legal dispute with another cryptocurrency trader. Graham Darby, 50, was sentenced to 18 months in prison for contempt of court but was…
Interviews
