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.

Latest fraud News

BitRiver founder detained in $7.9M fraud case

BitRiver founder Igor Runets was moved to pretrial detention as investigators examine an alleged ₽1 billion mining-equipment fraud.

2 weeks ago

SEC targets Mining Automatic over alleged $22M crypto mining fraud

The U.S. Securities and Exchange Commission has sued Mining Automatic and its owner, Zan Shaikh, after they allegedly raised about $22 million from more than 380 investors through a fraudulent crypto mining operation. The SEC announced the partially settled charges…

Jul 20, 2026 at 5:00 PM UTC

Taiwan court sentences BitShine founder to 22 years in $39M crypto fraud

Taiwan has sentenced the alleged mastermind behind the BitShine crypto exchange to 22 years in prison after finding he led a fraud and money laundering operation that prosecutors said caused more than NT$1.27 billion ($39 million) in losses to over…

Jul 17, 2026 at 9:03 AM UTC

DOJ abandons BitClub founder case despite $722M fraud claims

The U.S. Department of Justice has reportedly moved to dismiss its criminal case against the founder of BitClub Network despite allegations that the crypto mining scheme defrauded investors of $722 million. According to a report by Bloomberg Law, citing two…

Jul 11, 2026 at 6:16 AM UTC

CFTC sues crypto pool operator over alleged $14M fraud

CFTC sues Trevor Vernon and Argent Capital over alleged $14M crypto pool fraud involving Bitcoin, Ether, futures, and investor funds misuse.

Jul 8, 2026 at 4:52 AM UTC

Judge revives fraud claim against Barry Silbert, DCG

A U.S. judge revived a fraud claim against Barry Silbert and DCG in a Genesis Yield lawsuit while securities claims move ahead.

Jul 7, 2026 at 5:31 AM UTC

Tennessee and Georgia begin enforcing crypto ATM restrictions

Several US states have tightened cryptocurrency ATM rules, with Tennessee and Georgia having brought new restrictions into force as bans and compliance measures continue to expand across the country. According to state laws that took effect on July 1, Tennessee…

Jul 2, 2026 at 7:58 AM UTC

Goliath Ventures CEO pleads guilty for role in $400M crypto Ponzi

A Florida man has pleaded guilty in a crypto-linked fraud case in which prosecutors said investors sent at least $400 million to Goliath Ventures before millions were spent on luxury homes, cars, watches, and jewelry. The U.S. Attorney’s Office for…

Jul 1, 2026 at 6:39 AM UTC

Carl Rinsch sentenced over Netflix funds used on Dogecoin

47 Ronin director Carl Rinsch gets 30 months for misusing $11M in Netflix funds on Dogecoin, stock trades, and luxury goods, DOJ says.

Jul 1, 2026 at 4:51 AM UTC

Chinese billionaire Miles Guo gets 30 years in $1B crypto fraud case

Self-exiled Chinese billionaire Miles Guo has been sentenced to 30 years in a U.S. prison after being convicted in a fraud scheme that prosecutors said stole more than $1 billion from investors through multiple ventures, including cryptocurrency. According to multiple…

Jun 30, 2026 at 6:28 AM UTC