Top Stories
fraud News
Top fraud Stories
Latest fraud News
News
Federal prosecutors have charged five alleged members of “Scattered Spider,” a hacking group accused of targeting companies and individuals in a spree of cyberattacks. According to court documents unsealed Wednesday in California, the defendants allegedly stole sensitive data and at…
News
Gary Wang, the last of FTX’s executives to be sentenced, will serve no prison time after aiding prosecutors in decyphering Sam Bankman-Fried’s fraudulent empire.
News
The Seoul Rehabilitation Court officially declared bankruptcy on crypto yield platform Haru Invest, after it was implicated in a crypto fraud worth up to $1 billion. Investigations by South Korean law enforcement revealed that Haru Invest, a crypto yield firm…
News
South Korean police uncovered a phony organization that lured investors into fraudulent crypto investments. The Gyeonggi Southern Provincial Police Agency’s Anti-Corruption and Economic Crime Investigation Unit arrested 215 individuals for operating, joining and participating in a fraudulent quasi-investment consulting firm,…
BTC
Bitcoin
News
Alex Mashinsky, the former CEO of the defunct Celsius Network, has failed to get two fraud charges dismissed from his indictment. A federal judge in New York ruled against Mashinsky’s motion, which alleged he manipulated the price of Celsius’s cryptocurrency,…
BTC
Bitcoin
News
Caroline Ellison, the former chief executive officer of Alameda Research, has begun her two-year prison sentence following her conviction related to the FTX crypto exchange collapse. Ellison, who reached a plea deal with U.S. prosecutors and served as the star…
News
The UK’s Financial Conduct Authority has successfully prosecuted two men involved in a £1.5 million cryptocurrency investment fraud scheme that targeted 65 investors. Raymondip Bedi and Patrick Mavanga deceived potential investors by promising high returns through fraudulent crypto investment platforms,…
News
According to Jeff Lunglhofer, Coinbase’s chief information security officer, social engineering scams are currently the biggest threat to crypto users and holders. Lunglhofer spoke to crypto.news in an interview about the rise of such scams, which are a threat to…
BTC
Bitcoin
News
Federal prosecutors in Boston have indicted Aleksei Andriunin, a 26-year-old Russian national and founder of Gotbit, on charges of wire fraud and conspiracy to commit market manipulation. According to the U.S. Attorney’s Office, the indictment alleges that Andriunin and his…
News
PeckShield reports that October saw nearly 20 crypto hacks, leading to around $88.4 million in losses, with the top incident affecting Radiant Capital. October proved to be a difficult month for the crypto sector, with around two dozen hacker attacks…
News
AlixPartners and Chainalysis have teamed up to enhance cryptocurrency compliance and forensic investigation services, addressing growing fraud risks. AlixPartners, a financial advisory firm recognized for its work in high-profile restructurings, announced a collaboration with blockchain analytics firm Chainalysis to strengthen…
News
The United States and Nigeria have launched the Bilateral Liaison Group on Illicit Finance and Cryptocurrencies in an effort to counter cybercrime and illicit financial activities involving digital assets, such as cryptocurrency. This joint initiative, spearheaded by the U.S. Department…
News
This week, a major crypto fraud trial involving over €28 million ($30 million) in stolen funds opened in Nancy, France. The trial is expected to last a month. More than 20 defendants are implicated in a scheme targeting football clubs…
News
Zhimin Qian, also known as Yadi Zhang, has pleaded not guilty to laundering Bitcoin in a London court. According to Bloomberg, Qian, a Chinese national, was arrested in April and charged with two counts of money laundering. The UK’s Criminal…
BTC
Bitcoin
News
Do Kwon’s extradition chapter may be finalized as soon as Sunday, Oct. 19, according to local Montenegrin media. The government of Montenegro has reportedly decided where to extradite Terraform Labs co-founder and crypto fugitive Do Kwon, Minister of Justice Bojan…
News
Eric Council Jr., a 25-year-old from Athens, Alabama, was arrested in connection with the January 2024 hack of the U.S. Securities and Exchange Commission’s X account. Council’s hack resulted in the false pretense that the SEC had approved Bitcoin exchange-traded…
BTC
Bitcoin
Follow-up
