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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.
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Latest fraud News
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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…
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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…
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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…
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CFTC sues Trevor Vernon and Argent Capital over alleged $14M crypto pool fraud involving Bitcoin, Ether, futures, and investor funds misuse.
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A U.S. judge revived a fraud claim against Barry Silbert and DCG in a Genesis Yield lawsuit while securities claims move ahead.
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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…
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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…
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47 Ronin director Carl Rinsch gets 30 months for misusing $11M in Netflix funds on Dogecoin, stock trades, and luxury goods, DOJ says.
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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…
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Binance says it spends $300M yearly on compliance and blocked $10.53B in potential fraud from 2025 to Q1 2026.
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SEC wins default judgment in NanoBit crypto fraud case, with defendants ordered to pay over $5.5M after alleged WhatsApp investor scam.
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OneCoin victims must file by June 30 to seek DOJ compensation, as the FBI warns only official sites should be used for claims.
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Yi He warned users about an alleged Binance impersonation scam as CoinUp denied Zhu Pan links and CPX volatility drew scrutiny online.
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Nikkei says a fentanyl-linked Chinese network used a Japan base and fake Zksync.jp token to run crypto fraud tied to sanctioned wallets.
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Oklahoma warns investors about BG Wealth, DSJ and HQI Exchange, citing fake crypto returns, blocked withdrawals and added fee demands.
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Tennessee resident Misam Abidi faces federal charges over an alleged $1.9 million crypto Ponzi scheme involving fraud, loans, and tax violations.
